Description
INCRED FINANCIAL SERVICES LIMITED announces part redemption of debentures with reduced face value effective August 28, 2025.
Summary
INCRED FINANCIAL SERVICES LIMITED has announced part redemption of its Non-Convertible Debentures along with interest payment. The company has fixed August 28, 2025 as the record date, and trading in the debentures will commence with reduced face value from the same date.
Key Points
- Company: INCRED FINANCIAL SERVICES LIMITED
- Debenture Code: IFSL-9.50%-12-12-25-PVT
- ISIN: INE321N07327 (975081)
- Record Date: August 28, 2025
- Purpose: Part redemption of debentures and interest payment
- New reduced face value: Rs. 11,111.12 per debenture
- Effective date: August 28, 2025
- Settlement number: DR-703/2025-2026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note that debenture trading will be conducted at the reduced face value from August 28, 2025
- All trading and settlement activities must reflect the new face value post the effective date
Important Dates
- Record Date: August 28, 2025 - Date for determining eligible debenture holders
- Effective Date: August 28, 2025 - Date from which trading commences with reduced face value
- Settlement: DR-703/2025-2026
Impact Assessment
This corporate action affects existing debenture holders of INCRED FINANCIAL SERVICES LIMITED. The part redemption reduces the outstanding principal amount, reflected in the new face value of Rs. 11,111.12 per debenture. Trading members and investors must adjust their records and trading systems to accommodate the reduced face value from the effective date.
Impact Justification
Routine corporate action affecting debenture holders with specific trading implications