Description

BSE notifies trading members of the record date and part redemption of Non-Convertible Debentures of Keertana Finserv Limited, with reduced face value effective from March 6, 2026.

Summary

BSE has notified trading members that Keertana Finserv Limited has fixed a record date of March 8, 2026 for the purpose of payment of interest and part redemption of its Non-Convertible Debentures. Trading in the debentures will occur with a reduced face value effective from March 6, 2026.

Key Points

  • Company: Keertana Finserv Limited
  • Debenture Code: KFL-11.4%-23-6-28-PVT
  • ISIN: INE0NES07212 (Scrip Code: 976823)
  • Record Date: March 8, 2026
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 75,000 per Debenture
  • Effective Date for Reduced Face Value: March 6, 2026
  • Settlement Number: DR-834/2025-2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must note the revised face value of Rs. 75,000 per debenture effective from March 6, 2026.
  • All trades in the debenture on and after the effective date must reflect the reduced face value.
  • Members should update their systems to reflect settlement number DR-834/2025-2026.

Important Dates

  • Record Date: March 8, 2026 — for payment of interest and part redemption
  • Effective Date for Reduced Face Value: March 6, 2026
  • Settlement Number: DR-834/2025-2026
  • Circular Date: February 23, 2026

Impact Assessment

This part redemption affects holders of Keertana Finserv Limited’s 11.4% NCD maturing in June 2028 (privately placed). The face value reduction to Rs. 75,000 per debenture indicates a partial principal repayment alongside an interest payment. Impact is limited to existing debenture holders and trading members dealing in this specific ISIN on the BSE debt segment. No broader market impact is anticipated.

Impact Justification

Routine part redemption of privately placed NCDs affecting a specific debenture series; limited to holders of Keertana Finserv NCD (ISIN INE0NES07212) with a defined reduced face value and settlement date.