Description

BSE notifies part redemption of four series of Non-Convertible Debentures issued by KOLTE-PATIL DEVELOPERS LTD with reduced face values effective January 16, 2026.

Summary

BSE has announced the part redemption of four series of Non-Convertible Debentures (NCDs) issued by KOLTE-PATIL DEVELOPERS LTD. The record date is fixed as January 16, 2026, and trading in these debentures will commence with reduced face values from the same date under settlement DR-800/2025-2026.

Key Points

  • Four series of debentures from KOLTE-PATIL DEVELOPERS LTD undergoing part redemption
  • Record date fixed as January 16, 2026 for all four series
  • Trading to commence with reduced face values effective January 16, 2026
  • Debentures affected: KPDL-ZC-17-4-33-PVT, KPDL-21-12-33-PVT, KPDL-ZC-20-9-34-PVT, and KPDL-15-10-35-PVT

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification as per existing debt market regulations.

Compliance Requirements

  • Trading members must note the reduced face values for the specified debentures from January 16, 2026
  • Trading members should update their systems to reflect the new face values for accurate price discovery and settlement

Important Dates

  • Record Date: January 16, 2026 - For determining debenture holders eligible for part redemption
  • Effective Date: January 16, 2026 - Trading commences with reduced face values
  • Settlement Number: DR-800/2025-2026

Impact Assessment

Debenture Details and Reduced Face Values:

  1. KPDL-ZC-17-4-33-PVT (INE094I07049, Code: 974771)

    • Reduced Face Value: Rs. 60,413 per debenture

  2. KPDL-21-12-33-PVT (INE094I07064, Code: 975276)

    • Reduced Face Value: Rs. 61,523 per debenture

  3. KPDL-ZC-20-9-34-PVT (INE094I07072, Code: 976030)

    • Reduced Face Value: Rs. 60,911 per debenture

  4. KPDL-15-10-35-PVT (INE094I07080, Code: 977231)

    • Reduced Face Value: Rs. 98,945 per debenture

Market Impact:

  • Limited impact restricted to holders of these specific debenture series
  • No impact on equity shares or broader market operations
  • Part redemption provides liquidity to debenture holders while reducing company’s debt obligations
  • Trading members dealing in these securities need to update face values in their systems

Impact Justification

Routine corporate action affecting only specific debenture holders of one company with no broader market implications