Description

J.K. Cement Ltd has fixed a record date of 05 March 2026 for part redemption of non-convertible debentures and payment of interest, with trading in the debentures to continue at a reduced face value of Rs. 50,000 per debenture effective from the same date.

Summary

J.K. Cement Ltd has announced a record date of 05 March 2026 for the part redemption of its Non-Convertible Debentures (NCDs) along with payment of interest. Trading members are informed that post the record date, trading in these debentures will occur at a reduced face value of Rs. 50,000 per debenture under settlement DR-833/2025-2026.

Key Points

  • Company: J.K. Cement Ltd
  • Instrument: JKCL-7.90%-21-3-28-PVT (ISIN: INE823G07219, Code: 974689)
  • Record date: 05 March 2026
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced face value: Rs. 50,000 per debenture
  • Effective date for reduced face value: 05 March 2026
  • Settlement number: DR-833/2025-2026
  • Coupon rate: 7.90%
  • Maturity: 21 March 2028

Regulatory Changes

No new regulatory changes. This is a standard corporate action notice under BSE’s debt market segment procedures for part redemption of privately placed NCDs.

Compliance Requirements

  • Trading members must note the reduced face value of Rs. 50,000 per debenture effective 05 March 2026.
  • All trades in the debenture (ISIN INE823G07219) from the effective date must reflect the reduced face value.
  • Members should update their systems to reflect the new face value and settlement details under DR-833/2025-2026.

Important Dates

  • Record Date: 05 March 2026 — for part redemption and interest payment
  • Effective Date for Reduced Face Value: 05 March 2026
  • Settlement: DR-833/2025-2026
  • Notice Date: 23 February 2026

Impact Assessment

This is a routine debt corporate action affecting holders of J.K. Cement Ltd’s privately placed 7.90% NCDs maturing in March 2028. The part redemption reduces the outstanding face value per debenture to Rs. 50,000, which will affect the traded price and accrued interest calculations for this instrument. Impact is limited to institutional and HNI investors holding this specific NCD and does not affect J.K. Cement’s equity shares. Trading members must ensure systems are updated before the effective date to avoid settlement discrepancies.

Impact Justification

Routine part redemption of privately placed NCDs affecting debenture holders of J.K. Cement Ltd; reduces face value from prior level to Rs. 50,000 per debenture, impacting trading in the specific debt instrument but not broader equity markets.