Description
BSE notifies trading members that 11 debenture series across 8 companies have fixed record dates for part redemption of Non-Convertible Debentures, with trading to continue at reduced face values from the respective ex-dates.
Summary
BSE Notice No. 20260410-11 informs trading members that eight companies have fixed record dates for part redemption of their Non-Convertible Debentures (NCDs). From the respective ex-dates, trading in these debentures will occur at a reduced face value as specified for each scrip. The redemptions are spread across settlement cycles 610 through 620/2026-2027.
Key Points
- 11 NCD series across 8 companies are undergoing part redemption
- Trading will continue post-redemption at reduced face values from the ex-date onwards
- All record dates and ex-dates coincide for each scrip
- Redemptions span April 15 to April 29, 2026
- Settlement references fall under cycles 610–620 of 2026-2027
Regulatory Changes
No new regulatory framework is introduced. This notice applies existing provisions under BSE’s Listing Operations department for corporate actions in the Debt segment, requiring trading members to update face values in their systems from the effective ex-date.
Compliance Requirements
- Trading members must note the reduced face values effective from each respective ex-date
- Systems must reflect updated face values for affected debenture scrips from the dates specified
- Members holding or trading these NCDs must account for the part redemption in client positions and valuations
Important Dates
| Scrip Code | Company | ISIN | Record / Ex Date | Reduced Face Value |
|---|---|---|---|---|
| 975083 | DLF Cyber City Developers Ltd | INE186K07080 | 15 Apr 2026 | Rs. 83,060/- per debenture |
| 976025 | DLF Cyber City Developers Ltd | INE186K07106 | 15 Apr 2026 | Rs. 93,150/- per debenture |
| 976402 | Kanakadurga Finance Ltd | INE104W07195 | 15 Apr 2026 | Rs. 37,500/- per debenture |
| 976653 | Keertana Finserv Ltd | INE0NES07170 | 15 Apr 2026 | Rs. 42,857.16/- per debenture |
| 977601 | Kodad Khammam Road Ltd | INE0K4T07015 | 15 Apr 2026 | Rs. 96,832/- per debenture |
| 977602 | Kodad Khammam Road Ltd | INE0K4T07023 | 15 Apr 2026 | Rs. 85,779/- per debenture |
| 974290 | Magnite Developers Pvt Ltd | INE0M1Q07015 | 16 Apr 2026 | Rs. 3,98,014/- per debenture |
| 977435 | Akara Capital Advisors Pvt Ltd | INE08XP07456 | 17 Apr 2026 | Rs. 66,666.68/- per debenture |
| 977310 | Achiievers Finance India Ltd | INE065507BM2 | 20 Apr 2026 | Rs. 58,333/- per debenture |
| 977613 | Achiievers Finance India Ltd | INE065507BS9 | 20 Apr 2026 | Rs. 91,667/- per debenture |
| 975918 | Fedbank Financial Services Ltd | INE007N07058 | 29 Apr 2026 | Rs. 56,250/- per debenture |
Impact Assessment
This is a routine corporate action affecting holders of the listed NCD series in the BSE debt segment. Investors and trading members holding these debentures will see the face value of their holdings reduced accordingly following part redemption. The largest single face value reduction is for Magnite Developers (scrip 974290) at Rs. 3,98,014/- per debenture. DLF Cyber City has two separate NCD series undergoing simultaneous part redemption on April 15. The impact is confined to debt segment participants and does not affect equity markets.
Impact Justification
Routine corporate action notice affecting 11 NCD series across 8 companies in the debt segment; directly impacts holders of these debentures through face value reduction but limited to specific scrips.