Description
INCRED FINANCIAL SERVICES LIMITED has fixed the record date for payment of interest and part redemption 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 (ISIN: INE321N07368) along with interest payment. The record date is set for October 26, 2025, and the debentures will trade with reduced face value from October 24, 2025.
Key Points
- Company: INCRED FINANCIAL SERVICES LIMITED
- Security Code: 939010
- ISIN: INE321N07368
- Debenture Series: IFSL-10.30%-10-11-26-NCD
- Record Date: October 26, 2025
- Purpose: Part redemption of debenture and payment of interest
- Reduced Face Value: Rs. 334/- per debenture
- Effective Date: October 24, 2025
- Settlement Number: DR-742/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action notification.
Compliance Requirements
- Trading members must note that trading in the debentures will be with reduced face value effective from October 24, 2025
- Trading members should update their systems to reflect the new face value of Rs. 334/- per debenture
Important Dates
- 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 will reduce the face value of the debentures to Rs. 334/- per debenture. Debenture holders on the record date will receive both interest payment and partial redemption proceeds. Trading members need to ensure their systems reflect the reduced face value from the effective date to ensure accurate trading and settlement.
Impact Justification
Routine corporate action affecting debenture holders of INCRED FINANCIAL SERVICES LIMITED with specific impact on face value and interest payments