Description

Notification of part redemption of debentures with reduced face value from Rs. 100,000 to Rs. 41,666.67 per debenture, effective December 1, 2025.

Summary

VISTAAR FINANCIAL SERVICES PVT LTD has executed a part redemption of its debentures (ISIN: INE016P07195, Scrip Code: 975474) with a coupon rate of 9.75% maturing on March 5, 2027. The face value per debenture has been reduced from Rs. 100,000 to Rs. 41,666.67 following the part redemption and interest payment. Trading members are required to trade these debentures at the reduced face value effective December 1, 2025.

Key Points

  • Debenture affected: VFSPL-9.75%-5-3-27-PVT (ISIN: INE016P07195, Scrip Code: 975474)
  • Reduced face value: Rs. 41,666.67 per debenture (reduced from Rs. 100,000)
  • Part redemption includes payment of interest
  • New trading terms effective from December 1, 2025
  • Notice reference: DR-767/2025-2026
  • Issuer: VISTAAR FINANCIAL SERVICES PVT LTD (privately placed debt)

Regulatory Changes

No regulatory changes. This is a standard corporate action notification for part redemption of debentures as per existing debt issuance terms.

Compliance Requirements

  • Trading members must note the reduced face value of Rs. 41,666.67 per debenture
  • All trading from December 1, 2025 onwards must reflect the new reduced face value
  • Members must update their systems to reflect the reduced face value for accurate pricing and settlement

Important Dates

  • November 28, 2025: Circular issued by BSE
  • December 1, 2025: Effective date for trading at reduced face value
  • March 5, 2027: Original maturity date of debentures

Impact Assessment

Market Impact: Minimal. This is a routine part redemption of privately placed debentures with limited market participation.

Operational Impact: Trading members dealing in these specific debentures must update their systems to reflect the reduced face value to ensure accurate pricing and settlement. The part redemption reduces the outstanding principal amount by approximately 58.3% (from Rs. 100,000 to Rs. 41,666.67).

Investor Impact: Debenture holders receive partial principal repayment along with accrued interest. Remaining investment continues at the same coupon rate (9.75%) until maturity in 2027, but on the reduced principal amount.

Impact Justification

Routine part redemption of privately placed debentures affecting a limited investor base with no broader market implications