Description
BSE notice regarding part redemption of non-convertible debentures and reduced face value trading for VARROC ENGINEERING LIMITED.
Summary
VARROC ENGINEERING LIMITED has announced part redemption of its non-convertible debentures with a record date of August 8, 2025. Trading in these debentures will commence with reduced face value effective from the same date.
Key Points
- Company: VARROC ENGINEERING LIMITED
- Debenture Code: VEL-8.60%-7-9-28-PVT (ISIN: INE665L07040)
- BSE Security Code: 975062
- Purpose: Part redemption of debentures and interest payment
- Reduced face value: Rs. 75,000 per debenture
Regulatory Changes
Trading in VARROC ENGINEERING LIMITED debentures will transition to reduced face value trading effective August 8, 2025.
Compliance Requirements
Trading members must note the change in face value for debenture trading and ensure proper settlement procedures are followed.
Important Dates
- Record Date: August 8, 2025
- Effective Date for Reduced Face Value: August 8, 2025
- Settlement Number: DR-691/2025-2026
Impact Assessment
This corporate action affects holders of VARROC ENGINEERING LIMITED debentures through partial redemption and impacts trading dynamics due to the reduced face value of Rs. 75,000 per debenture.
Impact Justification
Corporate action affecting specific debenture holders with reduced face value trading implementation