Description

Listing of commercial paper by Navi Finserv Limited and debt securities by Keertana Finserv Limited and Conmin Projects India Private Limited on BSE Debt Segment effective January 6, 2026.

Summary

BSE has listed new privately placed securities on its Debt Market Segment effective January 6, 2026. The listing includes commercial paper issued by Navi Finserv Limited and debt instruments issued by Keertana Finserv Limited and Conmin Projects India Private Limited. All securities will be traded in dematerialized form only.

Key Points

  • Commercial paper of Navi Finserv Limited (200 units, Rs. 5 lakhs face value each) listed with ISIN INE342T14FI3
  • Further listing of 3,000 debentures by Keertana Finserv Limited (ISIN INE0NES07154)
  • Further listing of 5,000 debentures by Conmin Projects India Private Limited (ISIN INE2FR407010)
  • All securities admitted to trading on BSE Debt Segment effective January 6, 2026
  • Trading in dematerialized form only under specified ISIN numbers
  • Commercial paper has standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size for all securities is 1 paise

Regulatory Changes

No regulatory changes. This is a standard listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Commercial paper must be traded in standard denomination of Rs. 5 lakhs and multiples
  • Market lot is 1 for all listed securities
  • For detailed information, trading members should refer to Placement Memorandum at https://www.bseindia.com/markets/debt/memorandum_data.aspx

Important Dates

Navi Finserv Limited Commercial Paper:

  • Allotment Date: January 5, 2026
  • Redemption Date: April 6, 2026
  • Interest Payment: Cumulative on April 6, 2026

Keertana Finserv Limited Debentures:

  • Allotment Date: January 5, 2026
  • Interest Payment: Monthly from February 23, 2025 to January 23, 2027
  • Redemption Date: January 23, 2027

Conmin Projects India Private Limited Debentures:

  • Allotment Date: January 5, 2026
  • Interest Payment: Quarterly from September 30, 2026 to September 30, 2030
  • Redemption Date: September 30, 2030

Impact Assessment

Market Impact: Low - This is a routine listing notification affecting only the debt market segment. The securities are privately placed and will have limited secondary market activity.

Operational Impact: Minimal - Trading members dealing in debt securities can now trade these instruments. Contact details provided for clarifications (debt department: 22728352/8597/8995/5753/8915).

Investor Impact: Limited to institutional investors and qualified buyers participating in privately placed debt securities.

Key Details:

  • Navi Finserv CP: CARE A1 rated, 9.45% p.a., 91-day tenor
  • Keertana Finserv: IND BBB+/Stable rated, 11.30% p.a., monthly interest
  • Conmin Projects: CARE B Stable rated, 17.25% p.a., quarterly interest

Impact Justification

Routine listing notification for privately placed debt securities with limited market-wide impact, affecting only debt segment trading members and specific institutional investors.