Description
Kanakadurga Finance Limited has fixed record date of January 16, 2026 for part redemption and interest payment on NCDs, with reduced face value of Rs. 55,000 per debenture effective from the same date.
Summary
Kanakadurga Finance Limited has announced part redemption of its Non-Convertible Debentures (NCDs) along with interest payment. The record date has been set as January 16, 2026, and trading in the debentures will be conducted with a reduced face value effective from the same date.
Key Points
- Company: Kanakadurga Finance Limited
- ISIN: INE104W07195 (Code: 976402)
- Security: KDFL-13%-31-1-27-PVT
- Record Date: January 16, 2026
- Purpose: Part Redemption of Debentures and Payment of Interest
- Reduced Face Value: Rs. 55,000 per Debenture
- Effective Date: January 16, 2026
- Settlement Number: DR-800/2025-2026
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notification.
Compliance Requirements
- Trading Members must note that trading in the debentures will be conducted with reduced face value of Rs. 55,000 per debenture from January 16, 2026
- Members should update their systems to reflect the new face value for trading purposes
Important Dates
- January 9, 2026: Notice Date
- January 16, 2026: Record Date for part redemption and interest payment
- January 16, 2026: Effective date for trading with reduced face value (Settlement No. DR-800/2025-2026)
Impact Assessment
This is a routine corporate action with limited market impact. The part redemption affects only the specific debenture holders of Kanakadurga Finance Limited. The face value reduction to Rs. 55,000 per debenture indicates a partial repayment to investors. Trading members dealing in debt instruments need to update their systems accordingly, but the overall market impact is minimal as this affects a single privately placed debt security.
Impact Justification
Routine corporate action affecting specific debenture holders of a private company with limited market impact