Description
BSE announces listing of 8 series of Secured Redeemable NCDs of Kosamattam Finance Limited allotted on February 20, 2026, with coupon rates ranging from 8.00% to 10.00% per annum and maturities up to February 2033.
Summary
BSE has listed 8 series (Options I–VIII) of Secured, Redeemable, Non-Convertible Debentures (NCDs) issued by Kosamattam Finance Limited, allotted on February 20, 2026. The NCDs have a face value and issue price of Rs. 1,000 each, with effective yields ranging from 8.00% to 10.47% per annum depending on the series. Maturities range from May 2027 to February 2033. The total number of NCDs listed across all 8 series is 2,000,000.
Key Points
- Issuer: Kosamattam Finance Limited
- Instrument: Secured, Redeemable, Non-Convertible Debentures
- Face Value / Issue Price: Rs. 1,000 per NCD
- Date of Allotment: February 20, 2026
- Credit Rating: IND A/Stable
- Market Lot: One NCD
- Put/Call Option: Not Applicable
- Total Series: 8 (Options I through VIII), comprising both cumulative and monthly payment options
- Total NCDs Listed: 2,000,000 across all series
- Coupon Range: 8.50% – 10.00% p.a. (for monthly series); cumulative series offer effective yields of 8.00% – 10.41% p.a.
Series Details
| Option | Frequency | Scrip Code | Scrip ID | No. of NCDs | ISIN | Coupon | Effective Yield | Redemption (Rs.) | Maturity Date |
|---|---|---|---|---|---|---|---|---|---|
| I | Cumulative | 940882 | KFL20226 | 2,82,102 | INE403Q07GP6 | NA | 8.00% | 1,101 | May 19, 2027 |
| II | Monthly | 940884 | 850KFL28 | 1,25,360 | INE403Q07GW2 | 8.50% | 8.84% | 1,000 | Feb 19, 2028 |
| III | Monthly | 940886 | 9KFL2029 | 5,12,952 | INE403Q07GU6 | 9.00% | 9.38% | 1,000 | Feb 19, 2029 |
| IV | Cumulative | 940888 | KFL20226A | 1,73,079 | INE403Q07GT8 | NA | 9.25% | 1,304 | Feb 19, 2029 |
| V | Monthly | 940890 | 975KFL2029 | 2,44,538 | INE403Q07GV4 | 9.75% | 10.20% | 1,000 | Aug 19, 2029 |
| VI | Cumulative | 940892 | KFL20226B | 1,76,058 | INE403Q07GR2 | NA | 10.22% | 1,500 | Apr 19, 2030 |
| VII | Monthly | 940894 | 10KFL2031 | 3,00,367 | INE403Q07GS0 | 10.00% | 10.47% | 1,000 | Feb 19, 2031 |
| VIII | Cumulative | 940896 | KFL20226C | 1,85,544 | INE403Q07GQ4 | NA | 10.41% | 2,000 | Feb 19, 2033 |
Regulatory Changes
No regulatory changes. This is a standard listing notification under BSE’s debt market segment procedures.
Compliance Requirements
- NCD holders should note their respective scrip codes and ISINs for trading and portfolio tracking purposes.
- First interest payment date for monthly series (Options II, III, V, VII) is April 1, 2026.
- Cumulative series (Options I, IV, VI, VIII) pay at maturity; first and only interest/redemption dates align with respective maturity dates.
Important Dates
- Date of Allotment: February 20, 2026
- First Interest Payment (Monthly Series – Options II, III, V, VII): April 1, 2026
- Maturity – Option I: May 19, 2027
- Maturity – Option II: February 19, 2028
- Maturity – Options III & IV: February 19, 2029
- Maturity – Option V: August 19, 2029
- Maturity – Option VI: April 19, 2030
- Maturity – Option VII: February 19, 2031
- Maturity – Option VIII: February 19, 2033
Impact Assessment
This is a routine debt listing with no broad market impact. The listing enables secondary market trading of these NCDs on BSE’s debt segment for existing allottees. The credit rating of IND A/Stable indicates investment-grade quality. Investors in fixed-income instruments may find the higher-yield series (Options VI–VIII offering 10.22%–10.47% effective yield) of interest, though liquidity in the secondary market for retail NCDs is typically limited. The issuance is by Kosamattam Finance Limited, an NBFC primarily engaged in gold loan financing.
Impact Justification
Routine debt listing notification for 8 series of NCDs of Kosamattam Finance Limited. Relevant only to existing NCD allottees and fixed-income investors; no broader market impact expected.