Description

INCRED FINANCIAL SERVICES LIMITED has fixed Record Date for Payment of Interest and Part Redemption of Non-Convertible Debentures with reduced face value effective from November 13, 2025.

Summary

INCRED FINANCIAL SERVICES LIMITED has announced part redemption of its Non-Convertible Debentures (ISIN: INE321N07475, Security Code: 976209) with a record date of November 13, 2025. The debentures will trade with a reduced face value of Rs. 66,666.68 per debenture effective from the record date. This corporate action also includes payment of interest to eligible debenture holders.

Key Points

  • Security: INCRED FINANCIAL SERVICES LIMITED 9.90% Debentures maturing on November 25, 2027 (Private)
  • ISIN: INE321N07475
  • Security Code: 976209
  • Record Date: November 13, 2025
  • Reduced Face Value: Rs. 66,666.68 per debenture
  • Effective Date: November 13, 2025
  • Settlement Number: DR-755/2025-2026
  • Purpose: Part Redemption of Debentures and Payment of Interest

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notice.

Compliance Requirements

Trading Members of the Exchange must note that:

  • Trading in the debentures will be conducted with the reduced face value of Rs. 66,666.68 per debenture
  • The reduced face value becomes effective from November 13, 2025
  • Members should update their systems to reflect the new face value for trading and settlement purposes

Important Dates

  • November 6, 2025: Circular notice date
  • November 13, 2025: Record date for interest payment and part redemption
  • November 13, 2025: Effective date for trading with reduced face value (Settlement DR-755/2025-2026)

Impact Assessment

This is a routine corporate action with limited market impact. The part redemption affects only holders of this specific debenture series (INE321N07475). Debenture holders as of the record date will receive partial redemption proceeds and interest payment. Post-redemption, the debentures will continue trading at the reduced face value of Rs. 66,666.68. Trading members need to ensure their systems are updated to reflect the new face value for accurate pricing and settlement.

Impact Justification

Routine corporate action affecting specific debenture holders of INCRED FINANCIAL SERVICES LIMITED. Limited market-wide impact as this is a scheduled part redemption of privately placed debt securities.