Description

BSE notifies part redemption of KCPL debentures with reduced face value of Rs. 95,709.30 per debenture effective December 18, 2025.

Summary

BSE has issued a notice regarding the part redemption of debentures issued by Kinara Capital Private Limited. The company has informed the exchange about the reduced face value of its debentures following a part redemption event. The debentures with ISIN INE200W07381 (Scrip Code 975472) will trade at the new reduced face value effective from December 18, 2025.

Key Points

  • Company: Kinara Capital Private Limited
  • Security: 13% Debentures maturing on December 6, 2027 (Private Placement)
  • ISIN: INE200W07381
  • Scrip Code: 975472
  • New Reduced Face Value: Rs. 95,709.30 per debenture
  • Effective Date: December 18, 2025
  • Notice Reference: DR-780/2025-2026

Regulatory Changes

No regulatory framework changes. This is a corporate action notification under existing BSE debt market regulations for part redemption of debentures.

Compliance Requirements

  • Trading members must note the revised face value for trading purposes
  • Debentures will be traded at the reduced face value of Rs. 95,709.30 per debenture from December 18, 2025
  • Trading members should update their systems to reflect the new face value parameters

Important Dates

  • Notice Date: December 17, 2025
  • Effective Date for Trading at Reduced Face Value: December 18, 2025

Impact Assessment

Market Impact: Medium - affects holders and traders of Kinara Capital debentures. The part redemption results in a reduced face value, which will impact the trading price and outstanding principal amount.

Operational Impact: Trading members must update their systems to reflect the new face value for accurate pricing and settlement. The significant reduction in face value indicates a substantial part redemption event, which impacts yield calculations and valuation for debenture holders.

Impact Justification

Part redemption affecting specific debenture holders with material face value reduction; impacts debt security trading parameters