Description
VARROC ENGINEERING LIMITED announces part redemption of non-convertible debentures with reduced face value effective August 8, 2025.
Summary
VARROC ENGINEERING LIMITED has announced part redemption of its non-convertible debentures along with interest payment. The debentures will trade with a reduced face value of Rs. 75,000 per debenture effective August 8, 2025.
Key Points
- Company: VARROC ENGINEERING LIMITED
- Debenture Code: VEL-8.60%-7-9-28-PVT (INE665L07040)
- BSE Code: 975062
- Record Date: August 8, 2025
- Reduced face value: Rs. 75,000 per debenture
- Effective date: August 8, 2025
- Settlement number: DR-691/2025-2026
Regulatory Changes
Trading in the debentures will commence with reduced face value from the effective date as per the part redemption process.
Compliance Requirements
Trading members must note the change in face value for trading purposes from the effective date.
Important Dates
- Record Date: August 8, 2025
- Effective Date for reduced face value trading: August 8, 2025
- Notice Date: August 6, 2025
Impact Assessment
The part redemption reduces the outstanding debt obligation of VARROC ENGINEERING LIMITED while providing returns to debenture holders. Trading will continue with the reduced face value, maintaining liquidity in the debt instrument.
Impact Justification
Affects specific debenture holders with face value reduction and trading implications