Description

Revision of debt securities terms for Aethon Developers Private Limited with changes to scrip ID, abbreviated name, ISIN, and coupon rate structure effective December 17, 2025.

Summary

BSE has issued an update regarding debt securities of Aethon Developers Private Limited, continuing from notice 20251015-25 dated October 15, 2025. The scrip with code 976099 will be available for trading with revised terms effective December 17, 2025, including changes to ISIN, scrip ID, abbreviated name, and coupon rate structure.

Key Points

  • Scrip Code 976099 continues unchanged
  • Old ISIN INE15S307015 replaced with new ISIN INE15S307023
  • Scrip ID changed from 11ADPL27 to RRADPL27
  • Abbreviated Name changed from 11ADPL27 to RRADPL27
  • Coupon Rate changed from fixed 11% to RESET RATE structure
  • Scrip Long Name updated from “ADPL-11%-RESET RATE-14-4-27-PVT” to “ADPL-RESET RATE-14-4-27-PVT”
  • Maturity date remains April 14, 2027

Regulatory Changes

The debt security undergoes a fundamental restructuring from a fixed coupon rate instrument to a reset rate instrument. This requires a new ISIN allocation (INE15S307023) and updated nomenclature to reflect the variable rate nature of the security.

Compliance Requirements

  • Trading Members must update their systems to reflect the new ISIN INE15S307023
  • Trading Members should note the revised scrip identification codes (RRADPL27)
  • All trading systems must be updated before commencement of trading on December 17, 2025
  • Trading Members requiring clarification may contact Ms. Pooja Trivedi at +91 22 2272 8844 or debt.listing@bseindia.com

Important Dates

  • Notice Date: December 16, 2025
  • Effective Date: December 17, 2025 (Wednesday) - Revised terms become effective for trading
  • Maturity Date: April 14, 2027 (unchanged)
  • Previous Notice Reference: October 15, 2025 (Notice 20251015-25)

Impact Assessment

Market Impact: Medium - This update affects holders and traders of Aethon Developers Private Limited debt securities. The change from fixed 11% coupon to a reset rate structure may impact yield calculations and valuation models.

Operational Impact: Trading members must ensure system updates are completed before December 17, 2025 to accommodate the new ISIN and updated security parameters. Failure to update systems could result in trading disruptions.

Investor Impact: Bondholders will experience a change in their interest payment structure from a fixed 11% rate to a variable reset rate, which may affect cash flow predictability and investment returns based on market conditions.

Impact Justification

Technical update affecting debt securities trading terms including ISIN change and coupon rate modification from fixed to reset rate, impacting trading members and bondholders