Kanakadurga Finance Ltd ensures timely interest payments for NCDs, reinforcing investor trust and compliance.
On October 21, 2025, Kanakadurga Finance Ltd issued a compliance certificate under Regulation 57 of SEBI's Listing Regulations. This certificate confirms the timely payment of interest on Non-Convertible Debentures (NCDs) due on October 20, 2025. The interest amount of ₹20,35,743 was successfully paid on October 18, 2025. This timely payment is crucial for maintaining investor confidence and adhering to regulatory requirements. The company's commitment to fulfilling its obligations reflects its financial health and operational efficiency.
The certificate pertains to the NCD with ISIN INE104W07179, involving an issue size of ₹25 crores. Interest payments are made monthly, with the record date for the last payment set for October 5, 2025. The certificate confirms that there was no change in the frequency of payments, and all payments were executed without delays. The last interest payment prior to this was made on September 18, 2025, demonstrating a consistent payment history. This compliance further emphasizes the company's robust financial management practices.
Regulation 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandates timely disclosures related to interest and principal payments on NCDs. This regulation is designed to protect investor interests by ensuring transparency and accountability from issuers. By adhering to these regulations, Kanakadurga Finance Ltd not only complies with legal requirements but also enhances its reputation in the capital markets. Regular compliance updates are crucial for maintaining investor trust and market integrity.
The timely payment of interest on NCDs has significant implications for various stakeholders, including investors, regulatory bodies, and the company's management. Investors benefit from reliable returns, which can enhance their confidence in the company's financial stability. Regulatory bodies, on the other hand, are assured that the company is operating within the legal framework. For the management, consistent compliance boosts the company's credibility and can lead to increased investor interest in future offerings, potentially lowering the cost of capital.
Moving forward, Kanakadurga Finance Ltd will continue to monitor its compliance with all regulatory requirements diligently. The management plans to enhance communication with investors regarding payment schedules and any potential changes. Additionally, the company will conduct regular reviews of its financial strategies to ensure ongoing liquidity and operational efficiency. Maintaining a proactive approach to compliance will be essential for sustaining stakeholder trust and market position.
In summary, Kanakadurga Finance Ltd's recent compliance with Regulation 57 reinforces its commitment to fulfilling financial obligations to investors. The timely interest payment on its NCDs not only meets regulatory expectations but also strengthens the company's reputation in the market. As the company navigates future financial landscapes, maintaining this level of compliance will be crucial for fostering long-term relationships with stakeholders. Ongoing transparency and communication will be key to sustaining investor confidence and ensuring future growth.