Description

KANAKADURGA FINANCE LIMITED has fixed Record Date for Payment of Interest and Part Redemption of Non-Convertible Debentures with reduced face value effective December 16, 2025.

Summary

KANAKADURGA FINANCE LIMITED has announced part redemption of its Non-Convertible Debentures (ISIN: INE104W07195, Code: 976402) along with interest payment. The company has fixed December 16, 2025 as the Record Date for determining eligible debenture holders. Following the part redemption, the debentures will trade with a reduced face value of Rs. 54,167 per debenture effective from December 16, 2025.

Key Points

  • Company: KANAKADURGA FINANCE LIMITED
  • Security: KDFL-13%-31-1-27-PVT (Non-Convertible Debentures)
  • ISIN: INE104W07195
  • BSE Code: 976402
  • Record Date: December 16, 2025
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • New Reduced Face Value: Rs. 54,167 per Debenture
  • Effective Date for Reduced Face Value: December 16, 2025
  • Settlement Number: DR-778/2025-2026

Regulatory Changes

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

Compliance Requirements

  • Trading Members must note that debentures will trade with reduced face value from the effective date
  • Debenture holders on record as of December 16, 2025 will be eligible for interest payment and part redemption
  • Trading systems must be updated to reflect the new face value of Rs. 54,167 per debenture

Important Dates

  • Notice Date: December 12, 2025
  • Record Date: December 16, 2025
  • Effective Date for Reduced Face Value: December 16, 2025
  • Settlement Number: DR-778/2025-2026

Impact Assessment

This corporate action has moderate impact on debenture holders and trading members:

  • Debenture Holders: Holders on record will receive interest payment and partial redemption proceeds, reducing their principal investment while maintaining continued exposure through the remaining face value
  • Trading Impact: Post-redemption, the debentures will trade at the reduced face value of Rs. 54,167, which trading systems and members must account for in pricing and settlement
  • Market Liquidity: May experience temporary adjustment in trading activity around the record date as market participants adjust to the new face value
  • Settlement: Trading members must ensure proper settlement under DR-778/2025-2026 for transactions involving the reduced face value

Impact Justification

Corporate action affecting specific debenture holders with part redemption and interest payment; impacts trading with reduced face value from record date