Description
MAGNITE DEVELOPERS PRIVATE LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective December 15, 2025.
Summary
MAGNITE DEVELOPERS PRIVATE LIMITED has announced part redemption of its non-convertible debentures along with interest payment. The record date has been fixed as December 15, 2025. Trading in the debentures will be conducted with reduced face value of Rs. 500,000 per debenture effective from December 15, 2025 (Settlement No. DR-777/2025-2026).
Key Points
- Company: MAGNITE DEVELOPERS PRIVATE LIMITED
- Security: MDPL-10%-31-3-27-PVT (ISIN: INE0M1Q07015, 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
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notification.
Compliance Requirements
- Trading members must note that trading in the company’s debentures will be conducted with reduced face value effective from December 15, 2025
- Debenture holders as per record date will be eligible for interest payment and part redemption
Important Dates
- Notice Date: December 10, 2025
- Record Date: December 15, 2025
- Effective Date for Reduced Face Value Trading: December 15, 2025
- Settlement Number: DR-777/2025-2026
Impact Assessment
This corporate action has limited market impact as it affects only the debenture holders of MAGNITE DEVELOPERS PRIVATE LIMITED, a private company. The part redemption will reduce the outstanding principal amount of debentures, and subsequent trading will reflect the reduced face value. This is a routine debt servicing activity with no broader market implications.
Impact Justification
Routine corporate action affecting private company debentures with limited market-wide impact. Relevant only to debenture holders of this specific issuer.