Description

VR DAKSHIN PRIVATE LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective October 29, 2025.

Summary

VR DAKSHIN PRIVATE LIMITED has announced part redemption of its non-convertible debentures along with interest payment. The company has set the record date as October 29, 2025, for three series of debentures. Trading in these debentures will commence with reduced face value of Rs. 95,250 per debenture (from Rs. 100,000) effective October 29, 2025, under settlement number DR-745/2025-2026.

Key Points

  • Three series of debentures are subject to part redemption: VRDPL-TBILL+SPREAD-31-3-35-PVT (INE084S07049), VDPL-10.70%-31-3-35-PVT (INE084S07031), and VDPL-MIBOR+SPREAD-31-3-35-PVT (INE084S07056)
  • Record date fixed as October 29, 2025 for all three series
  • Reduced face value is Rs. 95,250 per debenture (reduction of Rs. 4,750 from original Rs. 100,000)
  • Part redemption accompanied by interest payment to eligible debenture holders
  • All three debentures have maturity date of March 31, 2035

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notice for part redemption of debt securities.

Compliance Requirements

  • Trading members must note that trading in the affected debentures will be conducted with reduced face value effective from October 29, 2025
  • Settlement number DR-745/2025-2026 applies to all three debenture series
  • Debenture holders as of record date October 29, 2025 will be eligible for interest payment and part redemption proceeds

Important Dates

  • Notice Date: October 24, 2025
  • Record Date: October 29, 2025
  • Effective Date for Reduced Face Value Trading: October 29, 2025
  • Settlement Number: DR-745/2025-2026
  • Debenture Maturity: March 31, 2035 (all three series)

Impact Assessment

Debt Security Holders: Debenture holders will receive partial redemption of Rs. 4,750 per debenture (4.75% of original face value) along with accrued interest. Remaining investment value per debenture reduces to Rs. 95,250.

Market Impact: Limited broader market impact as this affects only private placement debentures of VR DAKSHIN PRIVATE LIMITED. Trading will continue with adjusted face value.

Liquidity: Part redemption provides partial liquidity to debenture holders while maintaining their exposure to the remaining tenure until March 31, 2035.

Issuer: VR DAKSHIN PRIVATE LIMITED reduces its debt obligation by approximately 4.75% across all three debenture series, potentially improving its debt servicing profile.

Impact Justification

Part redemption of debentures affects debt security holders of VR DAKSHIN PRIVATE LIMITED with face value reduction from Rs. 100,000 to Rs. 95,250 per debenture across three series