Description

BSE announces revised trading terms for VERITAS FINANCE Pvt Ltd debt securities effective December 16, 2025, including changes to ISIN, coupon rate, and scrip identifiers.

Summary

BSE has issued an update regarding debt securities of VERITAS FINANCE Pvt Ltd, continuing from notice 20251104-24 dated November 4, 2025. The exchange is implementing revised trading terms for scrip code 974008, effective December 16, 2025. Key changes include a new ISIN number, reduced coupon rate from 10.35% to 8.50%, and updated scrip identification details.

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 changed from 1035VFL28 to 850VFL28
  • Abbreviated name updated from 1035VFL28 to 850VFL28
  • Scrip long name changed 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

The trading terms for VERITAS FINANCE Pvt Ltd debt securities are being revised as per BSE regulations. The primary change involves a significant reduction in the coupon rate from 10.35% to 8.50%, along with corresponding changes to the security’s identification parameters including ISIN, scrip ID, and naming conventions to reflect the new coupon rate.

Compliance Requirements

  • Trading members must note the revised terms effective December 16, 2025
  • Members should update their systems with the new ISIN INE448U07323
  • All trading and settlement activities for this security must use the updated scrip identifiers
  • Members requiring clarification should contact BSE debt listing officials Ms. Bhairavi Bondale at debt.listing@bseindia.com or call +91 22 2272 8844

Important Dates

  • Notice Date: December 15, 2025
  • Effective Date: Tuesday, December 16, 2025 (revised terms become applicable for trading)
  • Previous Related Notice: November 4, 2025 (Notice 20251104-24)

Impact Assessment

Market Impact: Medium - The reduction in coupon rate from 10.35% to 8.50% represents a 1.85 percentage point decrease, which will affect the yield and attractiveness of these debt securities to investors. Existing holders will receive lower interest payments going forward.

Operational Impact: Trading members must update their systems to reflect the new ISIN and scrip identifiers to ensure proper trade execution and settlement. The change in identification parameters requires system updates but should not disrupt trading continuity as the scrip code 974008 remains unchanged.

Investor Impact: Bondholders of VERITAS FINANCE debt securities will experience reduced interest income due to the lower coupon rate, which may affect investment returns and portfolio yield calculations.

Impact Justification

Medium importance as it affects specific debt security holders and traders dealing with VERITAS FINANCE bonds, requiring awareness of revised trading parameters and reduced coupon rate from 10.35% to 8.50%.