Description

BSE notifies trading members to suspend dealings in Kinara Capital Private Limited's Non-Convertible Debentures (KCPL-13.74%-25-3-26-PVT) effective 10 March 2026, ahead of redemption and interest payment on the record date.

Summary

BSE has issued a notice (No. 20260309-15) directing all trading members to suspend dealings in the Non-Convertible Debentures of Kinara Capital Private Limited. The suspension takes effect from 10 March 2026, coinciding with the record date set for redemption of debentures and payment of interest.

Key Points

  • Trading in the NCD scrip KCPL-13.74%-25-3-26-PVT (ISIN: INE200W07415, Code: 973862) is suspended from 10 March 2026
  • Record date is 10 March 2026 for both redemption of debentures and payment of interest
  • Coupon rate on the debentures is 13.74%
  • Reference circular: DR-836/2025-2026
  • Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes are introduced. This circular enforces standard BSE procedure of halting secondary market trading in debentures upon the company fixing a record date for redemption, in accordance with debt segment trading rules.

Compliance Requirements

  • All trading members must cease dealings in KCPL-13.74%-25-3-26-PVT (ISIN: INE200W07415, Code: 973862) with effect from 10 March 2026
  • Trading members must take immediate note of this restriction and update their systems accordingly

Important Dates

  • Circular Date: 09 March 2026
  • Record Date / No-Dealings From: 10 March 2026
  • Purpose on Record Date: Redemption of Debentures and Payment of Interest

Impact Assessment

The suspension directly impacts trading members and investors holding or intending to trade in Kinara Capital’s NCD (KCPL-13.74%-25-3-26-PVT). As the debentures are being fully redeemed on 10 March 2026, this marks the end of their trading lifecycle on BSE’s debt segment. Investors will receive principal repayment along with the final interest payment on the record date. No further secondary market transactions will be permissible from 10 March 2026 onwards.

Impact Justification

Immediate trading suspension effective 10 March 2026 for full redemption of debentures with simultaneous interest payment; directly affects all trading members holding or dealing in these securities.