Description
VARROC ENGINEERING LIMITED has fixed record date for part redemption of debentures with reduced face value effective August 8, 2025.
Summary
VARROC ENGINEERING LIMITED has announced part redemption of its Non-Convertible Debentures with a record date of August 8, 2025. The debentures will trade with a reduced face value of Rs. 75,000 per debenture effective from the same date.
Key Points
- Company: VARROC ENGINEERING LIMITED
- Debenture Code: VEL-8.60%-7-9-28-PVT
- ISIN: INE665L07040 (975062)
- Record Date: August 8, 2025
- Purpose: Part redemption of debentures and payment of interest
- Reduced Face Value: Rs. 75,000 per debenture
- Effective Date: August 8, 2025
- Settlement Number: DR-691/2025-2026
Regulatory Changes
Trading in the company’s debentures will be conducted with the reduced face value effective from August 8, 2025.
Compliance Requirements
Trading members are required to note the change in face value and ensure proper settlement procedures are followed.
Important Dates
- Record Date: August 8, 2025
- Effective Date for Reduced Face Value: August 8, 2025
- Settlement: DR-691/2025-2026
Impact Assessment
This corporate action affects holders of VARROC ENGINEERING LIMITED debentures, providing partial redemption and interest payment while reducing the face value for future trading.
Impact Justification
Corporate action affecting specific debenture holders with face value reduction