Description

Varthana Finance Private Limited has set November 15, 2025 as record date for part redemption of debentures and interest payment, with reduced face value effective from November 14, 2025.

Summary

Varthana Finance Private Limited has announced part redemption of its 12.30% Non-Convertible Debentures maturing on February 27, 2027 (ISIN: INE125T07261). The record date is set for November 15, 2025, for determining eligibility for interest payment and part redemption. Following the redemption, the debentures will trade with a reduced face value of Rs. 41,683 per debenture, effective from November 14, 2025.

Key Points

  • Debenture Series: VFPL-12.30%-27-02-27-PVT (Code: 976661)
  • ISIN: INE125T07261
  • Coupon Rate: 12.30%
  • Maturity Date: February 27, 2027
  • Record Date: November 15, 2025
  • Reduced Face Value: Rs. 41,683 per debenture
  • Effective Date of Reduced Face Value: November 14, 2025
  • Settlement Number: DR-756/2025-2026

Regulatory Changes

No regulatory changes. This is a corporate action announcement for existing debentures.

Compliance Requirements

  • Trading members must note that trading in these debentures will be conducted with the reduced face value effective from November 14, 2025
  • Debenture holders on record as of November 15, 2025 will be eligible for the part redemption proceeds and interest payment
  • Trading systems must be updated to reflect the new face value from the effective date

Important Dates

  • November 11, 2025: Circular issued
  • November 14, 2025: Effective date for trading with reduced face value (Settlement DR-756/2025-2026)
  • November 15, 2025: Record date for part redemption and interest payment eligibility

Impact Assessment

This part redemption represents a routine debt servicing activity by Varthana Finance Private Limited. The impact is limited to holders of this specific debenture series. The reduced face value of Rs. 41,683 per debenture indicates a partial return of principal to debenture holders. Trading members need to update their systems to reflect the new face value to ensure accurate trading and settlement. As these are private placement debentures, the impact on broader debt markets is minimal.

Impact Justification

Routine debt corporate action affecting specific debenture holders with part redemption and face value reduction. Limited to private placement debt securities.