Description
BSE notifies trading members that Kolte-Patil Developers Ltd has fixed 18 May 2026 as the record date for part redemption of five series of Non-Convertible Debentures, with trading to continue at reduced face values from the ex-date.
Summary
BSE Notice No. 20260515-4 informs trading members that Kolte-Patil Developers Ltd has set 18 May 2026 as the record date for part redemption of five series of its privately placed Non-Convertible Debentures. From the ex-date (18 May 2026), all five scrips will trade at reduced face values as specified below. Settlement reference is DR 632/2026-2027 for all series.
Key Points
- Five NCD series of Kolte-Patil Developers Ltd are undergoing part redemption simultaneously.
- Record date and ex-date are both 18 May 2026 for all five series.
- Trading will continue post-redemption with reduced face values per debenture.
- All five series share settlement number DR 632/2026-2027.
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations.
Regulatory Changes
No new regulatory framework is introduced. This is an operational corporate action notice under BSE’s Listing Operations procedures requiring debenture scrips to reflect reduced face values after partial redemption.
Compliance Requirements
- Trading members must update their systems to reflect the reduced face values effective 18 May 2026.
- Trades executed on or after the ex-date must be settled at the revised (reduced) face values.
- Members should communicate the change to clients holding these debenture scrips.
Important Dates
| Event | Date |
|---|---|
| Notice Date | 15 May 2026 |
| Record Date (all 5 series) | 18 May 2026 |
| Ex-Date (all 5 series) | 18 May 2026 |
| Effective trading at reduced face value | From 18 May 2026 |
Impact Assessment
| Scrip Code | Scrip ID | ISIN | Reduced Face Value |
|---|---|---|---|
| 974771 | KPDL-ZC-17-4-33-PVT | INE094I07049 | Rs. 52,663 per debenture |
| 975276 | KPDL-21-12-33-PVT | INE094I07064 | Rs. 34,853 per debenture |
| 976030 | KPDL-ZC-20-9-34-PVT | INE094I07072 | Rs. 44,452 per debenture |
| 977231 | KPDL-15-10-35-PVT | INE094I07080 | Rs. 93,502 per debenture |
| 977351 | KPDL-ZC-30-10-35-PVT | INE094I07098 | Rs. 94,160 per debenture |
The impact is confined to holders and traders of these five privately placed NCD series. The part redemption reduces outstanding principal, lowering the face value at which subsequent trades settle. Broader market impact is minimal given the private placement nature of these instruments.
Impact Justification
Operational notice affecting five NCD series of Kolte-Patil Developers with reduced face values effective 18 May 2026; relevant to debenture holders and debt-segment traders but limited to a single issuer.