Description

VERITAS FINANCE LIMITED announces part redemption of debentures with record date December 10, 2025, reducing face value to Rs. 50,000 per debenture.

Summary

VERITAS FINANCE LIMITED has announced a part redemption of its Non-Convertible Debentures (ISIN: INE448U07216, Code: 975275) with a record date of December 10, 2025. The debentures will trade with a reduced face value of Rs. 50,000 per debenture effective from the same date. This corporate action also includes payment of interest to eligible debenture holders.

Key Points

  • Company: VERITAS FINANCE LIMITED
  • Security: Non-Convertible Debentures (VFL-9.75%-25-6-27-PVT)
  • ISIN: INE448U07216
  • BSE Code: 975275
  • Record Date: December 10, 2025
  • New Reduced Face Value: Rs. 50,000 per Debenture
  • Effective Date: December 10, 2025
  • Settlement Number: DR-774/2025-2026
  • Purpose: Part redemption of debentures and payment of interest

Regulatory Changes

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

Compliance Requirements

  • Trading members must note that debentures will trade with reduced face value from December 10, 2025
  • All transactions executed on or after the effective date must reflect the new face value of Rs. 50,000 per debenture
  • Trading members should update their systems to account for the reduced face value in settlement DR-774/2025-2026

Important Dates

  • Record Date: December 10, 2025 - Eligibility date for interest payment and part redemption
  • Effective Date: December 10, 2025 - Trading commences with reduced face value
  • Settlement: DR-774/2025-2026

Impact Assessment

Impact on Debenture Holders: Eligible debenture holders as of record date will receive partial redemption proceeds and interest payment. Post-redemption, the face value per debenture reduces to Rs. 50,000.

Impact on Trading: Trading members must ensure systems reflect the reduced face value from December 10, 2025 onwards. All pricing, settlement, and position calculations must be adjusted accordingly.

Market Impact: Limited broader market impact as this affects only holders of this specific debenture series. The part redemption provides liquidity to investors while the company manages its debt obligations.

Impact Justification

Routine corporate action affecting specific debenture holders with reduced face value impacting trading members