Description

BSE notifies trading members of part redemption of non-convertible debentures and payment of interest for Akara Capital Advisors Private Limited, with reduced face values effective 16 March 2026.

Summary

BSE has notified trading members that Akara Capital Advisors Private Limited has fixed 16 March 2026 as the Record Date for part redemption of its Non-Convertible Debentures (NCDs) and payment of interest. Trading in both debenture series will occur with a reduced face value effective from the same date under Settlement No. DR-840/2025-2026.

Key Points

  • Two NCD series of Akara Capital Advisors Private Limited are undergoing part redemption
  • Record Date for both series: 16 March 2026
  • ACAPL-14%-31-12-26-PVT (ISIN: INE08XP07274, Code: 976306): Reduced face value of Rs. 45,000 per debenture
  • ACAPL-14.75%-10-4-27-PVT (ISIN: INE08XP07340, Code: 977096): Reduced face value of Rs. 66,666.67 per debenture
  • Both series fall under Settlement No. DR-840/2025-2026
  • Effective date for reduced face value trading: 16 March 2026

Regulatory Changes

No new regulatory changes. This is a standard corporate action (part redemption) under existing BSE debt market operational procedures.

Compliance Requirements

  • Trading members must note that both debenture series will trade with the reduced face values effective 16 March 2026
  • Settlement and trading systems must reflect the updated face values from the effective date

Important Dates

  • Notice Date: 12 March 2026
  • Record Date: 16 March 2026
  • Effective Date for Reduced Face Value: 16 March 2026
  • Settlement Number: DR-840/2025-2026

Impact Assessment

Impact is limited to holders of these two privately placed NCD series. The part redemption reduces the outstanding face value of each debenture, reflecting return of principal to investors alongside interest payment. Broader market impact is negligible given the private placement nature of these instruments.

Impact Justification

Routine part redemption of privately placed NCDs by a private limited company; affects only holders of the specific debenture series with limited broader market impact.