Description

BSE announces revised terms for debt securities of Aethon Developers Private Limited effective December 17, 2025, including changes to ISIN, coupon rate structure, and scrip identifiers.

Summary

BSE has issued an update regarding debt securities of Aethon Developers Private Limited (continuation of notice 20251015-25 dated October 15, 2025). Effective December 17, 2025, Scrip Code 976099 will be available for trading with revised terms including new ISIN, modified scrip identifiers, and a change from fixed 11% coupon rate to a reset rate structure.

Key Points

  • Scrip Code 976099 (ISIN INE15S307015) will continue trading with revised parameters
  • New ISIN assigned: INE15S307023 (replacing INE15S307015)
  • Scrip ID changed from 11ADPL27 to RRADPL27
  • Abbreviated name changed from 11ADPL27 to RRADPL27
  • Coupon rate structure modified from fixed 11% to RESET RATE
  • Scrip long name updated to reflect reset rate structure
  • This is a continuation of earlier notice dated October 15, 2025

Regulatory Changes

ISIN Modification:

  • Old ISIN: INE15S307015
  • New ISIN: INE15S307023

Coupon Rate Structure:

  • Old: 11% (fixed rate)
  • New: RESET RATE (variable rate structure)

Scrip Naming Changes:

  • Scrip ID/Abbreviated Name: 11ADPL27 → RRADPL27
  • Long Name: ADPL-11%-RESET RATE-14-4-27-PVT → ADPL-RESET RATE-14-4-27-PVT

Compliance Requirements

  • Trading members must update their systems to reflect the new ISIN (INE15S307023) for Scrip Code 976099
  • Update scrip identifiers and abbreviated names in trading systems
  • Ensure proper handling of reset rate coupon structure instead of fixed 11% rate
  • Contact BSE officials for clarification if needed: Ms. Pooja Trivedi (+91 22 2272 8844, debt.listing@bseindia.com)

Important Dates

  • Notice Date: December 16, 2025
  • Effective Date: December 17, 2025 (Wednesday) - Revised terms become effective for trading
  • Reference Notice: October 15, 2025 (Notice 20251015-25)

Impact Assessment

Market Impact: Medium - affects specific debt security holders and traders dealing with Aethon Developers Private Limited bonds. The change from fixed 11% coupon to reset rate structure significantly alters the return profile for investors.

Operational Impact: Trading members must update their systems before December 17, 2025 to accommodate new ISIN and scrip parameters. The coupon rate change from fixed to reset mechanism requires updated valuation and pricing models.

Investor Impact: Bondholders will experience a change in interest rate structure from predictable fixed 11% returns to variable reset rate returns, introducing interest rate risk and potential return variability.

Impact Justification

Medium importance as it affects specific debt securities trading terms including ISIN and coupon rate changes, impacting holders and traders of Aethon Developers Private Limited bonds but limited to a single issuer.