Description
KOLTE-PATIL DEVELOPERS LTD has fixed record date for part redemption of non-convertible debentures with reduced face values effective December 12, 2025.
Summary
KOLTE-PATIL DEVELOPERS LTD has announced part redemption of four series of non-convertible debentures with record date set for December 12, 2025. Trading in these debentures will commence with reduced face values effective from the same date under settlement number DR-776/2025-2026.
Key Points
- Four debenture series affected: KPDL-ZC-17-4-33-PVT, KPDL-21-12-33-PVT, KPDL-ZC-20-9-34-PVT, and KPDL-15-10-35-PVT
- Record date for part redemption: December 12, 2025
- Trading with reduced face values begins: December 12, 2025
- Settlement number: DR-776/2025-2026
- All affected debentures are privately placed non-convertible securities
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action for debt securities.
Compliance Requirements
- Trading members must note the reduced face values for the specified debentures
- Trading must reflect reduced face values from December 12, 2025
- Members must ensure proper settlement under DR-776/2025-2026
Important Dates
- Record Date: December 12, 2025
- Effective Date for Reduced Face Value: December 12, 2025
- Settlement Number: DR-776/2025-2026
- Circular Issue Date: December 11, 2025
Debenture Details
| Security Name | ISIN | Scrip Code | Original Face Value | Reduced Face Value |
|---|---|---|---|---|
| KPDL-ZC-17-4-33-PVT | INE094I07049 | 974771 | Not specified | Rs. 63,985 per debenture |
| KPDL-21-12-33-PVT | INE094I07064 | 975276 | Not specified | Rs. 62,153 per debenture |
| KPDL-ZC-20-9-34-PVT | INE094I07072 | 976030 | Not specified | Rs. 66,967 per debenture |
| KPDL-15-10-35-PVT | INE094I07080 | 977231 | Not specified | Rs. 99,360 per debenture |
Impact Assessment
Market Impact: Medium - Affects holders of four specific debenture series of KOLTE-PATIL DEVELOPERS LTD. The part redemption will return capital to debenture holders while reducing the outstanding face value of these securities.
Operational Impact: Trading systems and member records must be updated to reflect the reduced face values from December 12, 2025. Members trading these securities must ensure proper valuation and settlement calculations based on the new face values.
Investor Impact: Debenture holders on record as of December 12, 2025 will receive partial redemption proceeds. Subsequent trading will occur at reduced face values, affecting pricing and yield calculations.
Impact Justification
Part redemption of debentures affects debt instrument holders with reduced face values across four securities, requiring trading adjustments from December 12, 2025.