Description
BSE notice regarding 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 with a record date of August 8, 2025. The debentures will trade with reduced face value of Rs. 75,000 per debenture effective from the same date.
Key Points
- Company: VARROC ENGINEERING LIMITED
- ISIN: INE665L07040 (Code: 975062)
- Security: VEL-8.60%-7-9-28-PVT
- Record date: August 8, 2025
- Purpose: Part redemption and interest payment
- New face value: Rs. 75,000 per debenture
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note the reduced face value trading effective from August 8, 2025
- Settlement number DR-691/2025-2026 applies for the reduced face value trading
Important Dates
- Record Date: August 8, 2025
- Effective Date: August 8, 2025 (reduced face value trading begins)
- Settlement: DR-691/2025-2026
Impact Assessment
This corporate action will affect debenture holders through part redemption and reduced face value trading. Existing holders will receive partial redemption proceeds and interest payments, while future trading will be at the reduced face value of Rs. 75,000 per debenture.
Impact Justification
Corporate action affecting debenture trading with face value reduction - impacts debt security holders