Description
INCRED FINANCIAL SERVICES LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective August 13, 2025.
Summary
INCRED FINANCIAL SERVICES LIMITED has announced part redemption of its non-convertible debentures along with interest payment. The company has fixed August 13, 2025 as the record date for determining eligible debenture holders. Trading in these debentures will commence with reduced face value from the effective date.
Key Points
- Company: INCRED FINANCIAL SERVICES LIMITED
- Debenture Code: IFSL-9.90%-25-11-27-PVT
- ISIN: INE321N07475 (976209)
- Record Date: August 13, 2025
- Purpose: Part redemption and interest payment
- New face value: Rs. 75,000.01 per debenture
- Effective Date: August 13, 2025
- Settlement Number: DR-694/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard corporate action under existing debt securities regulations.
Compliance Requirements
- Trading members must note the reduced face value effective from August 13, 2025
- Debenture trading will reflect the new face value of Rs. 75,000.01 per debenture
- Settlement will be processed under DR-694/2025-2026
Important Dates
- Record Date: August 13, 2025 - Determination of eligible debenture holders
- Effective Date: August 13, 2025 - Trading with reduced face value begins
- Settlement: DR-694/2025-2026
Impact Assessment
Medium impact on specific debenture holders of INCRED FINANCIAL SERVICES LIMITED. The part redemption reduces the outstanding principal amount, resulting in lower face value per debenture. This affects the investment value and future interest calculations for existing debenture holders. Trading members need to update their systems to reflect the new face value for accurate trading and settlement.
Impact Justification
Standard corporate action affecting specific debenture holders with reduced face value impact