Description

VARROC ENGINEERING LIMITED has fixed Record Date for Payment of Interest and Part Redemption of Non-Convertible Debentures with reduced face value effective from November 7, 2025.

Summary

VARROC ENGINEERING LIMITED has announced part redemption of its Non-Convertible Debentures (ISIN: INE665L07040, Code: 975062) with a record date of November 7, 2025. Trading in these debentures will commence with a reduced face value effective from November 7, 2025 (Settlement DR-751/2025-2026). The face value will be reduced from the original amount to Rs. 68,750 per debenture following the part redemption and interest payment.

Key Points

  • Debenture ISIN: INE665L07040
  • Debenture Code: 975062
  • Debenture Series: VEL-8.60%-7-9-28-PVT
  • Record Date: November 7, 2025
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 68,750 per debenture
  • Effective Date: November 7, 2025
  • Settlement Number: DR-751/2025-2026
  • Segment: Debt

Regulatory Changes

No regulatory framework changes. This is a corporate action in accordance with existing debenture terms and conditions.

Compliance Requirements

  • Trading Members must note that trading in the debentures will be conducted at the reduced face value of Rs. 68,750 per debenture from the effective date
  • Trading Members should update their systems to reflect the reduced face value from November 7, 2025
  • Settlement will be processed under DR-751/2025-2026

Important Dates

  • Record Date: November 7, 2025 - Eligibility date for interest payment and part redemption
  • Effective Date: November 7, 2025 - Trading commences with reduced face value
  • Settlement: DR-751/2025-2026
  • Circular Issue Date: October 31, 2025

Impact Assessment

Debenture Holders: Existing debenture holders as of the record date will receive partial redemption proceeds and interest payment. Post-redemption, the face value of their holdings will be reduced to Rs. 68,750 per debenture.

Trading Impact: From November 7, 2025, all trading in these debentures will be conducted at the reduced face value. Market participants must adjust their pricing and valuation models accordingly.

Liquidity: The part redemption will return capital to debenture holders while maintaining the security in active trading with reduced outstanding principal amount.

Credit Assessment: The part redemption demonstrates the company’s ability to meet its debt obligations as per the debenture terms.

Impact Justification

Part redemption of debentures affects debt security holders with reduced face value from Rs. 100,000 to Rs. 68,750 per debenture. Material impact for debenture holders but limited to specific debt security.