Description
BSE notice regarding part redemption of non-convertible debentures with reduced face value effective August 22, 2025.
Summary
NEOGROWTH CREDIT PRIVATE LIMITED has announced part redemption of its non-convertible debentures with record date of August 23, 2025. Trading in the debentures will commence with reduced face value of Rs. 28,571.45 per debenture effective August 22, 2025.
Key Points
- Company: NEOGROWTH CREDIT PRIVATE LIMITED
- ISIN: INE814O07527 (Code: 975722)
- Debenture Series: NCPL-11.75%-7-3-26-PVT
- Record date for redemption: August 23, 2025
- New reduced face value: Rs. 28,571.45 per debenture
- Trading with reduced face value starts: August 22, 2025
- Settlement number: DR-700/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action process for partial debenture redemption.
Compliance Requirements
- Trading members must note the change in face value for trading purposes
- Debentures will trade at reduced face value from the effective date
- Record date compliance for redemption eligibility
Important Dates
- August 22, 2025: Trading begins with reduced face value (Settlement DR-700/2025-2026)
- August 23, 2025: Record date for part redemption eligibility
Impact Assessment
Medium impact on debenture holders and traders. The part redemption will reduce the outstanding principal amount, affecting the face value for future trading. Investors holding debentures on the record date will receive partial redemption proceeds.
Impact Justification
Corporate action affecting debenture holders with specific trading implications