Description

BSE notifies trading members that Magnite Developers Private Limited has fixed a record date of 27 Feb 2026 for part redemption of its Non-Convertible Debentures, with trading in the debentures to continue at a reduced face value of Rs. 468,750 per debenture effective the same date.

Summary

BSE has informed trading members that Magnite Developers Private Limited has fixed 27 February 2026 as the record date for part redemption of its Non-Convertible Debentures (series MDPL-10%-31-3-27-PVT, ISIN INE0M1Q07015, Scrip Code 974290). Following this redemption, trading in the debentures on the BSE Debt Market Segment will continue at a reduced face value.

Key Points

  • Company: Magnite Developers Private Limited
  • Instrument: Non-Convertible Debentures — MDPL-10%-31-3-27-PVT (ISIN: INE0M1Q07015, Scrip Code: 974290)
  • Record Date: 27 February 2026
  • Purpose: Part Redemption of Debentures
  • Reduced Face Value post-redemption: Rs. 468,750 per debenture
  • Effective Date for reduced face value trading: 27 February 2026
  • Settlement Number: DR-830/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification under BSE’s debt market operational framework requiring trading members to update the face value of the debenture in their systems from the effective date.

Compliance Requirements

  • Trading members must note the reduced face value of Rs. 468,750 per debenture effective 27 February 2026.
  • All trades in scrip code 974290 (MDPL-10%-31-3-27-PVT) from the effective date must reflect the reduced face value.
  • Members should update their back-office and trading systems accordingly before market open on 27 February 2026.

Important Dates

  • Record Date: 27 February 2026
  • Effective Date for Reduced Face Value Trading: 27 February 2026
  • Settlement Number: DR-830/2025-2026
  • Circular Date: 24 February 2026

Impact Assessment

This is a routine partial redemption event for a privately placed NCD issued by Magnite Developers Private Limited. The impact is limited to existing holders of this specific debenture series, who will receive partial principal repayment. Post-redemption, the remaining outstanding debenture will trade at the reduced face value of Rs. 468,750. There is no broader market or systemic impact. Trading members with client positions in this scrip need to ensure proper settlement and updated valuation from the effective date.

Impact Justification

Routine part redemption of privately placed NCDs affecting a single issuer; reduces face value for ongoing holders but has no broader market-wide impact.