Description
BSE notifies trading members of part redemption of five series of Non-Convertible Debentures of Kolte-Patil Developers Ltd, with reduced face values effective 13 March 2026 under Settlement DR-839/2025-2026.
Summary
BSE has informed trading members that Kolte-Patil Developers Ltd has fixed a Record Date of 13 March 2026 for the part redemption of five series of privately placed Non-Convertible Debentures (NCDs). From the effective date, trading in these debentures will be conducted at reduced face values under Settlement No. DR-839/2025-2026.
Key Points
- Five NCD series of Kolte-Patil Developers Ltd are undergoing part redemption simultaneously.
- Record Date and Effective Date for all five series: 13 March 2026.
- All series fall under Settlement No. DR-839/2025-2026.
- Trading in the debentures will be with reduced face values from the effective date.
- The circular was issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations.
Regulatory Changes
No new regulatory changes. This is a corporate action (part redemption) requiring trading members to update face values of the listed debentures in their systems from 13 March 2026.
Compliance Requirements
- Trading members must note the revised face values for all five NCD series effective 13 March 2026.
- Trades in these debentures from the effective date must reflect the reduced face values as specified.
Important Dates
| Series | ISIN | Code | Record Date | Effective Date |
|---|---|---|---|---|
| KPDL-ZC-17-4-33-PVT | INE094I07049 | 974771 | 13/03/2026 | 13/03/2026 |
| KPDL-21-12-33-PVT | INE094I07064 | 975276 | 13/03/2026 | 13/03/2026 |
| KPDL-ZC-20-9-34-PVT | INE094I07072 | 976030 | 13/03/2026 | 13/03/2026 |
| KPDL-15-10-35-PVT | INE094I07080 | 977231 | 13/03/2026 | 13/03/2026 |
| KPDL-ZC-30-10-35-PVT | INE094I07098 | 977351 | 13/03/2026 | 13/03/2026 |
Impact Assessment
| Series | Reduced Face Value (Rs.) |
|---|---|
| KPDL-ZC-17-4-33-PVT (INE094I07049) | Rs. 54,831 per debenture |
| KPDL-21-12-33-PVT (INE094I07064) | Rs. 52,718 per debenture |
| KPDL-ZC-20-9-34-PVT (INE094I07072) | Rs. 54,715 per debenture |
| KPDL-15-10-35-PVT (INE094I07080) | Rs. 96,808 per debenture |
| KPDL-ZC-30-10-35-PVT (INE094I07098) | Rs. 97,026 per debenture |
Impact is limited to existing holders of these five privately placed NCD series. The part redemption reduces outstanding principal for each debenture and lowers the face value at which secondary market trades will be settled from 13 March 2026 onwards. Broader market impact is negligible as these are privately placed debt instruments.
Impact Justification
Routine part redemption of five NCD series affecting existing debenture holders; trading will continue at reduced face values from 13 March 2026, with no broader market impact.