Description
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
- Debenture Code: NCPL-11.75%-7-3-26-PVT (ISIN: INE814O07527, Code: 975722)
- Part redemption of non-convertible debentures
- New reduced face value: Rs. 28,571.45 per debenture
- Trading with reduced face value starts August 22, 2025
Regulatory Changes
No regulatory changes announced. This is a corporate action notice for existing debentures.
Compliance Requirements
- Trading members must note the change in face value for trading purposes
- Settlement number DR-700/2025-2026 applies for the reduced face value trading
Important Dates
- Record Date: August 23, 2025 - Date for determining eligibility for part redemption
- Effective Date: August 22, 2025 - Trading commences with reduced face value
- Settlement: DR-700/2025-2026
Impact Assessment
Medium impact on debenture holders and trading operations. The part redemption reduces the outstanding principal amount, and trading will continue with the reduced face value. This affects the market value and trading dynamics of the debentures but is a normal corporate action for debt instruments.
Impact Justification
Part redemption affects debenture holders and trading with reduced face value