Description

BSE corrects the Reduced Face Value in the record date circular for Keertana Finserv Limited debentures from Rs. 80,000/- to Rs. 40,000/- per debenture, with record and ex-date of May 11, 2026.

Summary

BSE has issued a corrigendum to Notice No. 20260420-43 dated April 20, 2026, which informed trading members about the payment of interest and part redemption of debentures of Keertana Finserv Limited (Scrip Code: 976187). The correction revises the Reduced Face Value from Rs. 80,000/- to Rs. 40,000/- per debenture.

Key Points

  • The Reduced Face Value stated in the original circular was incorrect at Rs. 80,000/-; the correct value is Rs. 40,000/- per debenture.
  • The correction applies to Keertana Finserv Limited debentures with ISIN INE0NES07147 (Scrip ID: KFL-11.40%-26-5-27-PVT).
  • All other details from the original circular (Notice No. 20260420-43) remain unchanged.
  • Record date and Ex-date are both May 11, 2026.
  • Settlement reference: DR 627/2026-2027.

Regulatory Changes

No new regulatory framework introduced. This circular solely corrects a factual error — the Reduced Face Value figure — in the previously issued record date circular for part redemption of Keertana Finserv Limited debentures.

Compliance Requirements

  • Trading members must update their records to reflect the corrected Reduced Face Value of Rs. 40,000/- per debenture.
  • Any settlement or processing activities related to this debenture should use the revised face value figure going forward.

Important Dates

  • Original Circular Date: April 20, 2026 (Notice No. 20260420-43)
  • Corrigendum Date: May 08, 2026
  • Record Date: May 11, 2026
  • Ex-Date: May 11, 2026

Impact Assessment

This correction has a moderate impact on debenture holders and trading members processing the part redemption of Keertana Finserv Limited debentures. The reduced face value of Rs. 40,000/- (half the originally stated Rs. 80,000/-) directly affects redemption payout calculations. Members who had already prepared settlement instructions based on the erroneous Rs. 80,000/- figure must revise them before the May 11, 2026 record date.

Impact Justification

Correction to an existing circular affecting debenture holders of Keertana Finserv Limited; changes the reduced face value figure which directly impacts redemption calculations for bondholders.