Description
BSE notifies trading members that J.K. Cement Ltd has fixed March 5, 2026 as the record date for part redemption of its 7.90% non-convertible debentures, with face value reducing to Rs. 50,000 per debenture effective the same date.
Summary
BSE has informed trading members that J.K. Cement Ltd has fixed March 5, 2026 as the record date for part redemption of its 7.90% privately placed Non-Convertible Debentures (ISIN: INE823G07219, BSE Code: 974689). Trading in these debentures will be conducted with a reduced face value effective March 5, 2026, under Settlement No. DR-833/2025-2026.
Key Points
- J.K. Cement Ltd (JKCL-7.90%-21-3-28-PVT) has announced part redemption of NCDs along with payment of interest
- ISIN: INE823G07219 | BSE Scrip Code: 974689
- Record date fixed at March 5, 2026
- Reduced face value post-redemption: Rs. 50,000 per debenture
- Trading in debentures will reflect reduced face value from the effective date
- Settlement reference: DR-833/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notice under BSE’s debt market segment procedures for part redemption events.
Compliance Requirements
- Trading members must note the revised (reduced) face value of Rs. 50,000 per debenture effective March 5, 2026
- All trades executed on or after the effective date must reflect the reduced face value
- Members should update their systems to reflect Settlement No. DR-833/2025-2026 for this corporate action
Important Dates
| Event | Date |
|---|---|
| Notice Date | February 23, 2026 |
| Record Date | March 5, 2026 |
| Effective Date for Reduced Face Value | March 5, 2026 |
| Settlement Number | DR-833/2025-2026 |
Impact Assessment
This part redemption affects holders of J.K. Cement Ltd’s privately placed 7.90% NCDs maturing March 21, 2028. The face value reduction to Rs. 50,000 per debenture signals a partial principal repayment alongside interest. Impact is limited to institutional and HNI investors holding these debt instruments in the BSE debt market segment. Equity shareholders of JKCEMENT are not directly affected. Trading members must ensure correct pricing and settlement post the effective date to avoid valuation discrepancies.
Impact Justification
Routine corporate action affecting holders of J.K. Cement's privately placed NCDs; reduces face value and triggers interest payment, requiring trading members to note revised face value from effective date.