Description
BSE notifies trading members of record date (16 March 2026) for part redemption and interest payment on two NCD series of Akara Capital Advisors Private Limited, with reduced face values effective from the same date.
Summary
BSE has notified trading members that Akara Capital Advisors Private Limited has fixed 16 March 2026 as the record date for part redemption and payment of interest on two series of Non-Convertible Debentures (NCDs). Trading in these debentures will continue with a reduced face value effective from the same date under settlement DR-840/2025-2026.
Key Points
- Two NCD series of Akara Capital Advisors Private Limited are subject to part redemption.
- Record date for both series: 16 March 2026.
- Series 1 (ACAPL-14%-31-12-26-PVT, ISIN INE08XP07274, Code 976306): Reduced face value of Rs. 45,000 per debenture.
- Series 2 (ACAPL-14.75%-10-4-27-PVT, ISIN INE08XP07340, Code 977096): Reduced face value of Rs. 66,666.67 per debenture.
- Both series trade on the Debt Market Segment of BSE.
- Settlement number applicable: DR-840/2025-2026.
Regulatory Changes
No new regulatory changes. This is a standard corporate action notification under BSE’s listing compliance framework for debt securities.
Compliance Requirements
- Trading members must note the reduced face values for both NCD series effective 16 March 2026.
- Systems and records should reflect the updated face values from the effective date onward.
- Members should communicate the record date and reduced face value details to relevant clients holding these debentures.
Important Dates
| Event | Date |
|---|---|
| Circular Date | 12 March 2026 |
| Record Date | 16 March 2026 |
| Effective Date (Reduced Face Value) | 16 March 2026 |
| Settlement | DR-840/2025-2026 |
Impact Assessment
Impact is limited to holders of the two privately placed NCD series. The part redemption reduces the outstanding principal on each debenture, with face values dropping to Rs. 45,000 and Rs. 66,666.67 respectively. Broader market impact is negligible given the private placement nature and niche debt segment exposure. Trading members need to update their systems to reflect the new face values from 16 March 2026.
Impact Justification
Routine part redemption of privately placed NCDs affecting a limited set of debenture holders in the debt segment; no broader market impact.