Description

BSE notifies trading members that Magnite Developers Private Limited has fixed a record date of 27 February 2026 for part redemption of its Non-Convertible Debentures, with trading 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 (NCDs). Post-redemption, trading in the debentures will continue at a reduced face value of Rs. 4,68,750 per debenture effective from 27 February 2026 under settlement number DR-830/2025-2026.

Key Points

  • Company: Magnite Developers Private Limited
  • Instrument: MDPL-10%-31-3-27-PVT (ISIN: INE0M1Q07015, Scrip Code: 974290)
  • Record Date: 27 February 2026
  • Purpose: Part Redemption of Non-Convertible Debentures
  • Reduced Face Value: Rs. 4,68,750 per debenture
  • Effective Date of Reduced Face Value: 27 February 2026
  • Settlement Number: DR-830/2025-2026

Regulatory Changes

No new regulatory framework is introduced. This circular is a standard operational notification under existing BSE debt segment procedures for part redemption events on privately placed NCDs.

Compliance Requirements

  • Trading members must update their systems to reflect the reduced face value of Rs. 4,68,750 per debenture effective 27 February 2026.
  • Members dealing in the scrip (Code: 974290) must ensure all trades from the effective date are executed at the revised face value.
  • Settlement obligations should be aligned with the DR-830/2025-2026 settlement reference.

Important Dates

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

Impact Assessment

The part redemption reduces the face value of each debenture from its original amount to Rs. 4,68,750, directly affecting the market price and settlement value of the instrument. Trading members and debenture holders must account for the revised face value in portfolio valuations and trade settlements from 27 February 2026 onwards. The impact is limited to holders of this specific privately placed NCD and does not affect broader equity markets.

Impact Justification

Routine part redemption of privately placed NCDs affecting debenture holders and trading members dealing in the specific scrip; significant face value reduction but limited to a single private company's debt instrument.