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 notified 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 these debentures will be conducted 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 (BSE 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 Number: DR-840/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification under existing BSE debt segment listing compliance requirements.

Compliance Requirements

  • Trading members must note that debentures of Prayatna Developers Private Limited (ISIN: INE925U07023) will trade with a reduced face value of Rs. 380,280/- per debenture with effect from 16 March 2026.
  • Members should update their records and systems to reflect the new reduced face value from the effective date.

Important Dates

  • Record Date: 16 March 2026
  • Effective Date for Reduced Face Value: 16 March 2026 (Settlement DR-840/2025-2026)
  • Circular Date: 12 March 2026

Impact Assessment

This circular impacts holders and traders of the PDPL-7.30%-31-12-26-PVT debenture series on BSE’s debt market segment. The part redemption reduces the outstanding face value per debenture to Rs. 380,280/-, which will affect pricing and settlement from 16 March 2026 onwards. The impact is limited to participants in this specific privately placed NCD series.

Impact Justification

Routine part redemption and interest payment event for a privately placed NCD; affects holders of this specific debenture series but has limited broader market impact.