Description

INCRED FINANCIAL SERVICES LIMITED has set record date for part redemption and interest payment on debentures, with reduced face value effective from November 13, 2025.

Summary

INCRED FINANCIAL SERVICES LIMITED has announced a part redemption of its Non-Convertible Debentures (ISIN: INE321N07475, Code: 976209) along with interest payment. The record date is set for November 13, 2025, and trading in these debentures will be conducted with a reduced face value effective from the same date.

Key Points

  • ISIN: INE321N07475
  • BSE 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
  • Security Type: 9.90% Non-Convertible Debentures maturing November 27, 2027

Regulatory Changes

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

Compliance Requirements

  • Trading Members must note the reduced face value effective from November 13, 2025
  • Trading in the debentures will be conducted with the reduced face value of Rs. 66,666.68 per debenture from the effective date
  • Debenture holders on record as of November 13, 2025 will be eligible for part redemption and interest payment

Important Dates

  • Record Date: November 13, 2025
  • Effective Date for Reduced Face Value: November 13, 2025
  • Settlement: DR-755/2025-2026
  • Notice Date: November 6, 2025

Impact Assessment

Impact on Debenture Holders: Debenture holders will receive partial redemption of their investment, reducing the outstanding face value to Rs. 66,666.68 per debenture along with accrued interest payment.

Trading Impact: From November 13, 2025, all trading in these debentures will reflect the reduced face value. Market participants must adjust their trading systems and valuations accordingly.

Liquidity Impact: Partial redemption reduces the outstanding debt amount, potentially affecting liquidity in this security. The reduced face value must be considered in all post-redemption transactions.

Impact Justification

Routine corporate action affecting specific debenture holders with part redemption reducing face value to Rs. 66,666.68