Description

Notification of reduced face value of KINARA CAPITAL PRIVATE LIMITED debentures following part redemption, effective January 13, 2026.

Summary

BSE has notified trading members that KINARA CAPITAL PRIVATE LIMITED has completed a part redemption of its debentures (ISIN: INE200W07415, Scrip Code: 973862), resulting in a reduced face value. The debentures will trade at the new reduced face value of Rs. 570,750.82 per debenture effective January 13, 2026.

Key Points

  • Company: KINARA CAPITAL PRIVATE LIMITED
  • Debenture Series: KCPL-13.74%-25-3-26-PVT
  • ISIN: INE200W07415
  • Scrip Code: 973862
  • New Reduced Face Value: Rs. 570,750.82 per debenture
  • Effective Date: January 13, 2026
  • Notice Reference: DR-797/2025-2026

Regulatory Changes

No regulatory framework changes. This is a corporate action involving partial redemption of debt securities as per existing regulations.

Compliance Requirements

  • Trading members must note the revised face value for the debentures
  • All trading in these debentures from January 13, 2026 onwards must reflect the reduced face value of Rs. 570,750.82 per debenture
  • Trading members should update their systems and records accordingly

Important Dates

  • Notice Date: January 12, 2026
  • Effective Date: January 13, 2026 - Debentures to trade at reduced face value

Impact Assessment

Market Impact: Medium - The part redemption reduces the face value of the debentures significantly, affecting the trading dynamics and valuation of these debt securities. Debenture holders will receive partial redemption proceeds while continuing to hold reduced face value securities.

Operational Impact: Trading members need to update their systems to reflect the new face value for accurate pricing and settlement. The change affects debt market segment operations specifically for this debenture series.

Investor Impact: Debenture holders experience liquidity event through part redemption while maintaining exposure to the remaining principal amount at the reduced face value.

Impact Justification

Part redemption affecting specific debenture series with significant face value reduction, impacting debt market participants and debenture holders