Description

BSE updates trading terms for VERITAS FINANCE Pvt Ltd debt securities (ISIN INE448U07208) with revised coupon rate from 10.35% to 8.50% effective December 16, 2025.

Summary

BSE has issued an update regarding debt securities of VERITAS FINANCE Pvt Ltd, continuing from notice 20251104-24 dated November 4, 2025. The scrip code 974008 will be available for trading with revised terms effective December 16, 2025, including a significant coupon rate reduction from 10.35% to 8.50% and a new ISIN number.

Key Points

  • Scrip Code 974008 will continue trading with revised terms
  • Old ISIN INE448U07208 replaced with new ISIN INE448U07323
  • Coupon rate reduced from 10.35% to 8.50%
  • Scrip ID and Abbreviated Name changed from 1035VFL28 to 850VFL28
  • Scrip Long Name updated from VFL-10.35%-23-06-28-PVT to VFL-8.50%-23-06-28-PVT
  • This is a continuation of previous notice dated November 4, 2025

Regulatory Changes

No new regulatory changes. This is an operational update to existing debt security terms.

Compliance Requirements

  • Trading Members must note the revised terms before trading commences on December 16, 2025
  • All trading systems must be updated with new ISIN, coupon rate, and naming conventions
  • Trading Members requiring clarification should contact Ms. Bhairavi Bondale at +91 22 2272 8844 or debt.listing@bseindia.com

Important Dates

  • Effective Date: Tuesday, December 16, 2025 - Revised terms become effective for trading
  • Notice Date: December 15, 2025
  • Previous Notice: November 4, 2025 (Notice number 20251104-24)

Impact Assessment

Debt Holders: Significant impact due to coupon rate reduction from 10.35% to 8.50%, representing approximately 18% decrease in interest payments.

Trading Members: Operational impact requiring system updates for ISIN, scrip identifiers, and coupon rate information before December 16, 2025.

Market Impact: Medium - affects specific debt security trading and valuation. Existing holders of VERITAS FINANCE debt securities will experience reduced interest income.

Contact: Hardik Bhuta, Assistant Vice President, and Ms. Bhairavi Bondale are designated contacts for queries.

Impact Justification

Material change to debt security terms including coupon rate reduction and ISIN modification affecting existing debt holders and trading members