Description

BSE notifies trading members of the record date and part redemption of Non-Convertible Debentures of Prayatna Developers Private Limited, with reduced face value effective 16 March 2026.

Summary

BSE has informed trading members that Prayatna Developers Private Limited has fixed a record date of 16 March 2026 for the purpose of payment of interest and part redemption of its Non-Convertible Debentures (NCDs). Trading in the debentures will continue with a reduced face value effective from the same date.

Key Points

  • Company: Prayatna Developers Private Limited
  • Debenture Series: PDPL-7.30%-31-12-26-PVT (ISIN: INE925U07023, Code: 973756)
  • Record Date: 16 March 2026
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 380,280 per Debenture
  • Effective Date: 16 March 2026
  • Settlement Number: DR-840/2025-2026

Regulatory Changes

No new regulatory changes. This is a standard corporate action notification under BSE debt segment operational procedures.

Compliance Requirements

Trading members are required to note that trading in the debentures of Prayatna Developers Private Limited (ISIN: INE925U07023) will be conducted with the reduced face value of Rs. 380,280 per debenture with effect from 16 March 2026 under Settlement No. DR-840/2025-2026.

Important Dates

  • Record Date: 16 March 2026
  • Effective Date for Reduced Face Value: 16 March 2026
  • Circular Date: 12 March 2026

Impact Assessment

This circular has limited market impact as it pertains to a single privately placed NCD series of a private limited company. Holders of ISIN INE925U07023 will receive partial redemption proceeds along with interest on the record date. Post-redemption, trading will reflect the reduced face value of Rs. 380,280 per debenture. The impact is confined to existing debenture holders and relevant trading members in the debt segment.

Impact Justification

Routine part redemption of privately placed NCDs for a single private limited company; affects a narrow set of debenture holders with a defined reduced face value and settlement number.