Description

VERITAS FINANCE LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective December 10, 2025.

Summary

VERITAS FINANCE LIMITED has announced part redemption of its Non-Convertible Debentures (ISIN: INE448U07216, Code: 975275) with a record date of December 10, 2025. Trading in these debentures will commence with a reduced face value of Rs. 50,000 per debenture from the effective date. The company will also make interest payments to eligible debenture holders.

Key Points

  • Debenture ISIN: INE448U07216 (VFL-9.75%-25-6-27-PVT)
  • BSE Code: 975275
  • Record Date: December 10, 2025
  • Reduced Face Value: Rs. 50,000 per debenture
  • Purpose: Part redemption of debentures and payment of interest
  • Trading with reduced face value begins December 10, 2025
  • Settlement Number: DR-774/2025-2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must note that trading in VERITAS FINANCE LIMITED debentures will be conducted with the reduced face value of Rs. 50,000 per debenture from December 10, 2025 onwards
  • Members should update their systems to reflect the reduced face value effective from the specified date

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

This corporate action has moderate impact limited to holders of VERITAS FINANCE LIMITED debentures (ISIN: INE448U07216). The part redemption will reduce the outstanding face value to Rs. 50,000 per debenture, affecting the capital structure of the debt instrument. Debenture holders will receive partial redemption proceeds along with interest payments. Trading members need to ensure their systems are updated to reflect the reduced face value for accurate trading and settlement.

Impact Justification

Routine corporate action affecting specific debenture holders with clear record date and reduced face value adjustment