Description

VARROC ENGINEERING LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective November 7, 2025.

Summary

VARROC ENGINEERING LIMITED has fixed the record date of November 7, 2025 for payment of interest and part redemption of its non-convertible debentures (ISIN: INE665L07040). Trading in these debentures will commence with a reduced face value of Rs. 68,750 per debenture effective from the same date.

Key Points

  • Part redemption and interest payment for VARROC ENGINEERING LIMITED debentures (VEL-8.60%-7-9-28-PVT)
  • ISIN: INE665L07040, Scrip Code: 975062
  • Reduced face value: Rs. 68,750 per debenture
  • Trading members notified of the face value reduction
  • Settlement number: DR-751/2025-2026

Regulatory Changes

No regulatory framework changes. This is a routine corporate action notification for debt securities.

Compliance Requirements

  • Trading members must ensure trades in the debentures reflect the reduced face value from the effective date
  • Debenture holders on record as of November 7, 2025 will receive interest payment and part redemption proceeds
  • Trading members should update their systems to reflect the new face value for accurate settlement

Important Dates

  • Record Date: November 7, 2025
  • Effective Date for Reduced Face Value: November 7, 2025
  • Settlement Number: DR-751/2025-2026
  • Notice Date: October 31, 2025

Impact Assessment

Market Impact: Medium - affects trading and settlement of specific debenture series of VARROC ENGINEERING LIMITED.

Investor Impact: Debenture holders will receive partial redemption proceeds and interest payment. The face value reduction reflects the part redemption, reducing the outstanding principal amount per debenture.

Operational Impact: Trading systems and member records must be updated to reflect the new face value of Rs. 68,750 per debenture to ensure accurate pricing and settlement from November 7, 2025 onwards.

Impact Justification

Affects debenture holders of VARROC ENGINEERING LIMITED with part redemption and face value reduction. Limited to debt segment participants.