Description

MAGNITE DEVELOPERS PRIVATE LIMITED has fixed December 15, 2025 as the record date for payment of interest and part redemption of non-convertible debentures with reduced face value of Rs. 500,000 per debenture.

Summary

MAGNITE DEVELOPERS PRIVATE LIMITED has announced part redemption of its non-convertible debentures along with payment of interest. The record date has been fixed as December 15, 2025. Trading in these debentures will commence with a reduced face value of Rs. 500,000 per debenture effective from December 15, 2025.

Key Points

  • Company: MAGNITE DEVELOPERS PRIVATE LIMITED
  • Debenture Series: MDPL-10%-31-3-27-PVT
  • ISIN: INE0M1Q07015
  • BSE Code: 974290
  • Record Date: December 15, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 500,000 per debenture
  • Effective Date: December 15, 2025
  • Settlement Number: DR-777/2025-2026
  • Segment: Debt

Regulatory Changes

No regulatory changes announced. This is a standard corporate action notice.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted at the reduced face value effective from December 15, 2025
  • Debenture holders on record as of December 15, 2025 will be eligible for interest payment and part redemption

Important Dates

  • Record Date: December 15, 2025
  • Effective Date for Reduced Face Value Trading: December 15, 2025
  • Settlement Number: DR-777/2025-2026
  • Circular Notice Date: December 10, 2025

Impact Assessment

This circular has limited market impact as it pertains to a private limited company’s debt securities. The part redemption will reduce the outstanding face value of the debentures to Rs. 500,000 per debenture. Only investors holding these specific debentures are affected. Trading members dealing in debt segment need to update their systems to reflect the reduced face value for trading purposes from the effective date.

Impact Justification

Routine corporate action affecting private company debentures with limited market impact, relevant only to specific debenture holders