Description

Kanakadurga Finance Limited has fixed record date for payment of interest and part redemption of non-convertible debentures, with reduced face value effective from December 16, 2025.

Summary

Kanakadurga Finance Limited has announced part redemption of its 13% Non-Convertible Debentures (ISIN: INE104W07195, Series Code: KDFL-13%-31-1-27-PVT, Scrip Code: 976402) along with interest payment. The record date has been fixed as December 16, 2025, and trading in these debentures will be with reduced face value effective from the same date.

Key Points

  • Part redemption of Non-Convertible Debentures of Kanakadurga Finance Limited
  • Record date fixed: December 16, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced face value: Rs. 54,167 per debenture
  • Trading with reduced face value effective from December 16, 2025
  • Settlement number: DR-778/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a corporate action notice informing trading members about the part redemption process.

Compliance Requirements

  • Trading members must note that trading in the debentures will be with reduced face value effective from December 16, 2025
  • Trading members should adjust their systems to reflect the new face value of Rs. 54,167 per debenture
  • Settlement adjustments to be made as per settlement number DR-778/2025-2026

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

Debenture Holders: Debenture holders on record as of December 16, 2025 will receive partial redemption proceeds and interest payment. The face value of their holdings will be reduced to Rs. 54,167 per debenture.

Market Impact: Limited market impact as this relates to privately placed debentures of Kanakadurga Finance Limited. Trading members dealing in these securities need to update their systems to reflect the reduced face value.

Operational Impact: Trading members must ensure their trading systems are updated to reflect the reduced face value effective from the record date to avoid settlement discrepancies.

Impact Justification

Part redemption of debentures affects debenture holders with reduced face value. Limited impact to broader market as it relates to specific private debt instrument.