Description

INTERISE TRUST announces part redemption of non-convertible debentures with record date December 24, 2025, reducing face value to Rs. 92,215 per debenture.

Summary

INTERISE TRUST has announced part redemption of its 7.85% (Reset Rate) Non-Convertible Debentures maturing on March 31, 2040 (ISIN: INE790Z07053, Code: 974904). The company has set December 24, 2025 as the record date for payment of interest and part redemption. Following the redemption, trading in these debentures will continue with a reduced face value of Rs. 92,215 per debenture effective from December 24, 2025.

Key Points

  • Debenture: INTERISE TRUST 7.85% (Reset Rate) - March 31, 2040
  • ISIN: INE790Z07053
  • BSE Code: 974904
  • Record date: December 24, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced face value: Rs. 92,215 per debenture
  • Effective date for reduced face value: December 24, 2025
  • Settlement number: DR-784/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notice for debt instrument redemption.

Compliance Requirements

  • Trading members must note that trading in these debentures will be conducted with the reduced face value of Rs. 92,215 per debenture effective from December 24, 2025
  • All trades executed on or after the effective date must reflect the new reduced face value
  • Members should update their systems to reflect the face value change

Important Dates

  • Notice Date: December 15, 2025
  • Record Date: December 24, 2025 (for interest payment and part redemption eligibility)
  • Effective Date: December 24, 2025 (trading with reduced face value commences)
  • Settlement: DR-784/2025-2026

Impact Assessment

Market Impact: Medium - Affects specific debenture holders of INTERISE TRUST. The part redemption returns capital to investors while the debentures continue trading at reduced face value.

Investor Impact: Debenture holders as of the record date will receive part redemption proceeds and interest payment. Post-redemption, the investment value per debenture decreases to Rs. 92,215, which should be factored into valuation and portfolio calculations.

Operational Impact: Trading members need to ensure their systems reflect the reduced face value from the effective date to ensure accurate trade execution and settlement.

Impact Justification

Routine debt instrument corporate action affecting specific debenture holders with defined financial impact through part redemption and face value adjustment