Description
BSE notifies trading members that Prayatna Developers Private Limited has fixed a record date of 16 March 2026 for part redemption of NCDs and payment of interest, with reduced face value effective the same date.
Summary
BSE has informed trading members that Prayatna Developers Private Limited has fixed a record date for part redemption of its Non-Convertible Debentures (NCDs) along with payment of interest. Trading in these debentures will continue with a reduced face value effective 16 March 2026.
Key Points
- Company: Prayatna Developers Private Limited
- Debenture Series: PDPL-7.30%-31-12-26-PVT (ISIN: INE925U07023, Scrip 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 for Reduced Face Value: 16 March 2026
- Settlement: DR-840/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action notification under BSE’s debt market segment procedures.
Compliance Requirements
- Trading members must note that debentures of Prayatna Developers Private Limited will trade with the reduced face value of Rs. 380,280 per debenture effective 16 March 2026.
- Members should update their systems to reflect the reduced face value post record date.
Important Dates
- Record Date: 16 March 2026
- Effective Date for Reduced Face Value: 16 March 2026
- Settlement Number: DR-840/2025-2026
Impact Assessment
Limited market impact as this pertains to a single privately placed NCD series of a private limited real estate developer. Debenture holders will receive part redemption proceeds along with interest on the record date. Post-redemption, the face value per debenture is reduced to Rs. 380,280. This is a routine debt corporate action with no broader market implications.
Impact Justification
Routine part redemption and interest payment event for a privately placed NCD of a single private limited company; affects only holders of this specific debenture series.