Description

VARROC ENGINEERING LIMITED has fixed the record date for payment of interest and part redemption on non-convertible debentures, with trading to occur at reduced face value from November 7, 2025.

Summary

VARROC ENGINEERING LIMITED has announced part redemption and interest payment on its non-convertible debentures (ISIN: INE665L07040, Code: 975062) with a record date of November 7, 2025. Following this corporate action, the debentures will trade at a reduced face value of Rs. 68,750 per debenture effective from November 7, 2025 under settlement DR-751/2025-2026.

Key Points

  • Part redemption of non-convertible debentures of VARROC ENGINEERING LIMITED (Code: VEL-8.60%-7-9-28-PVT)
  • ISIN: INE665L07040, BSE Code: 975062
  • Interest rate: 8.60%
  • Payment includes both interest and part redemption amount
  • Trading members notified of change in face value

Regulatory Changes

No regulatory framework changes. This is a standard corporate action for debt instruments.

Compliance Requirements

  • Trading members must note the reduced face value for all trades from the effective date
  • Debentures will trade at the new reduced face value of Rs. 68,750 per debenture
  • Settlement number DR-751/2025-2026 applies for trades at reduced face value

Important Dates

  • Notice Date: October 31, 2025
  • Record Date: November 7, 2025 (for determining eligible debenture holders)
  • Effective Date: November 7, 2025 (trading at reduced face value begins)
  • Settlement Number: DR-751/2025-2026

Impact Assessment

For Debenture Holders: Partial return of principal along with interest payment on the record date. The reduced face value reflects the partial redemption, and future interest payments will be calculated on the new reduced face value of Rs. 68,750.

For Trading Members: Must update systems to reflect the reduced face value for all trading and settlement activities from November 7, 2025 onwards. Price discovery and valuation models should account for the reduced principal amount.

Market Impact: Limited broader market impact as this is a privately placed debt instrument. Impact confined to existing debenture holders and their trading activities.

Impact Justification

Routine debt instrument corporate action affecting debenture holders of VARROC ENGINEERING LIMITED with specific impact on trading face value