Description

INCRED FINANCIAL SERVICES LIMITED has fixed the record date for part redemption and interest payment on non-convertible debentures, with reduced face value effective from October 24, 2025.

Summary

INCRED FINANCIAL SERVICES LIMITED has announced part redemption of its non-convertible debentures along with interest payment. The record date has been set as October 26, 2025, and trading in the debentures will commence with reduced face value effective from October 24, 2025 (Settlement DR-742/2025-2026).

Key Points

  • Company: INCRED FINANCIAL SERVICES LIMITED
  • Debenture Code: IFSL-10.30%-10-11-26-NCD
  • ISIN: INE321N07368 (939010)
  • Record Date: October 26, 2025
  • Reduced Face Value: Rs. 334 per debenture (from original face value)
  • Effective Date of Reduced Face Value: October 24, 2025
  • Settlement Number: DR-742/2025-2026
  • Purpose: Part redemption of debenture and payment of interest

Regulatory Changes

No regulatory changes. This is a corporate action notification for part redemption of debt securities.

Compliance Requirements

  • Trading members must note that trading in the debentures will be conducted with reduced face value of Rs. 334 per debenture from October 24, 2025
  • Trading members should update their systems to reflect the reduced face value for settlement DR-742/2025-2026 onwards

Important Dates

  • October 16, 2025: Circular notice date
  • October 24, 2025: Effective date for trading with reduced face value (Settlement DR-742/2025-2026)
  • October 26, 2025: Record date for part redemption and interest payment

Impact Assessment

This part redemption represents a significant reduction in debenture face value to Rs. 334, indicating substantial partial repayment to debenture holders. The reduction will affect:

  • Debenture holders: Will receive partial redemption proceeds and interest payment for holdings as of the record date
  • Trading operations: All trades from October 24, 2025 will be executed at the reduced face value
  • Market participants: Need to adjust valuation and settlement systems for the new face value

The action is part of the normal debt servicing schedule for INCRED FINANCIAL SERVICES LIMITED’s 10.30% non-convertible debentures maturing on November 10, 2026.

Impact Justification

Part redemption of debentures affects debt security holders with reduced face value from Rs. 1000 to Rs. 334, representing significant partial redemption. Medium impact as it affects specific debenture holders of INCRED FINANCIAL SERVICES LIMITED.