Description

BSE lists new privately placed debt securities including commercial paper from Navi Finserv Limited and debentures from Keertana Finserv Limited and CONMIN Projects India Private Limited, effective January 6, 2026.

Summary

BSE has listed new privately placed securities on its Debt Market Segment effective January 6, 2026. The listing includes one commercial paper issue from Navi Finserv Limited and two debenture issues from Keertana Finserv Limited and CONMIN Projects India Private Limited. All securities will be traded only in dematerialised form.

Key Points

  • Commercial Paper from Navi Finserv Limited: 200 units of Rs. 5 lakhs each, ISIN INE342T14FI3, maturity April 6, 2026
  • Debentures from Keertana Finserv Limited: 3,000 units of Rs. 1 lakh each, 11.30% p.a., ISIN INE0NES07154, maturity January 23, 2027
  • Debentures from CONMIN Projects India Private Limited: 5,000 units of Rs. 1 lakh each, 17.25% p.a., ISIN INE2FR407010, maturity September 30, 2030
  • All securities will be traded only in dematerialised form
  • Tick size for all securities is 1 paise
  • Commercial paper trading in standard denomination of Rs. 5 lakhs and multiples thereof

Regulatory Changes

No regulatory changes. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialised form under the specified ISIN numbers
  • Commercial paper (Navi Finserv) must be traded in standard denomination of Rs. 5 lakhs and multiples
  • Debentures must follow tick size of 1 paise
  • For clarifications, trading members may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Effective Date of Listing: January 6, 2026
  • Navi Finserv CP: Allotted January 5, 2026; Redemption April 6, 2026
  • Keertana Finserv Debentures: Allotted January 5, 2026; Interest payments monthly from February 23, 2025 to January 23, 2027; Redemption January 23, 2027
  • CONMIN Projects Debentures: Allotted January 5, 2026; Interest payments quarterly from September 30, 2026 to September 30, 2030; Redemption September 30, 2030

Impact Assessment

This circular has minimal market-wide impact as it pertains to routine listing of privately placed debt securities. The impact is limited to:

  • Trading members dealing with debt instruments who need to be aware of new securities available for trading
  • Investors in these specific debt instruments
  • No impact on equity markets or broader trading operations

The commercial paper from Navi Finserv carries CARE A1 rating, while the debentures carry IND BBB+/Stable (Keertana Finserv) and CARE B Stable (CONMIN Projects) ratings, indicating varying risk profiles for investors.

Impact Justification

Routine listing notification for privately placed debt securities with limited market-wide impact, primarily informational for trading members dealing with debt instruments