Description

BSE notifies trading members that Akara Capital Advisors Private Limited has fixed a record date of 02/03/2026 for part redemption and interest payment on its Non-Convertible Debentures, with reduced face value effective from the same date.

Summary

BSE has issued Notice No. 20260220-6 informing trading members that Akara Capital Advisors Private Limited has fixed a record date of 02 March 2026 for the payment of interest and part redemption of its Non-Convertible Debentures (NCDs). Trading in these debentures will be conducted with a reduced face value from the effective date.

Key Points

  • Company: Akara Capital Advisors Private Limited
  • Instrument: ACAPL-12.50%-17-01-27-PVT (ISIN: INE08XP07449, Scrip Code: 977383)
  • Record Date: 02 March 2026
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 7,692.31 per Debenture
  • Effective Date for Reduced Face Value: 02 March 2026
  • Settlement: DR-831/2025-2026

Regulatory Changes

No new regulatory changes are introduced. This is a standard corporate action notification under BSE’s debt market segment procedures for part redemption events.

Compliance Requirements

  • Trading members must note that from 02 March 2026, trades in Akara Capital Advisors NCDs (Scrip Code 977383) will be executed at the reduced face value of Rs. 7,692.31 per debenture.
  • Members should update their systems to reflect the new face value effective from the settlement DR-831/2025-2026.

Important Dates

  • Record Date: 02 March 2026 — for interest payment and part redemption
  • Effective Date of Reduced Face Value: 02 March 2026
  • Notice Date: 20 February 2026

Impact Assessment

This action affects holders of Akara Capital Advisors Private Limited’s 12.50% NCDs maturing on 17 January 2027. The partial redemption reduces the outstanding face value per debenture to Rs. 7,692.31, indicating a scheduled principal repayment installment alongside interest. Market impact is limited to participants in the BSE debt segment holding this specific ISIN. Trading members must ensure order entry systems reflect the reduced face value from the effective date to avoid settlement discrepancies.

Impact Justification

Routine part redemption of privately placed NCDs affecting a single issuer; impact is limited to holders of Akara Capital Advisors debentures with scrip code 977383.