Description

BSE updates terms for two debt securities of Inbrew Beverages Private Limited with revised coupon rates and maturity dates effective December 23, 2025.

Summary

BSE has issued an update regarding debt securities of Inbrew Beverages Private Limited, continuing from notice 20251014-9 dated October 14, 2025. Effective December 23, 2025, two scrip codes will be available for trading with revised terms including new ISINs, increased coupon rates from 12.50% to 13.25%, and extended maturity dates.

Key Points

  • Two debt securities of Inbrew Beverages Private Limited are being updated with revised terms
  • Scrip Code 976716: ISIN changes from INE696R07026 to INE696R07042
  • Scrip Code 974276: ISIN changes from INE696R07034 to INE696R07059
  • Both securities will have coupon rates increased from 12.50% to 13.25%
  • Scrip IDs and abbreviated names updated to reflect new terms
  • Changes are effective from Tuesday, December 23, 2025

Regulatory Changes

Scrip Code 976716:

  • Old ISIN: INE696R07026 → New ISIN: INE696R07042
  • Old Scrip ID: 1250IBPL26 → New Scrip ID: 1325IBPL26
  • Old Coupon Rate: 12.50% → New Coupon Rate: 13.25%
  • Old Maturity: May 23, 2026 → New Maturity: September 25, 2026
  • Old Scrip Name: IBPL-12.50%-23-5-26-PVT → New Scrip Name: IBPL-13.25%-25-9-26-PVT

Scrip Code 974276:

  • Old ISIN: INE696R07034 → New ISIN: INE696R07059
  • Old Scrip ID: 125IBPL25 → New Scrip ID: 1325IBP26A
  • Old Coupon Rate: 12.50% → New Coupon Rate: 13.25%
  • Old Maturity: September 27, 2025 → New Maturity: September 25, 2026
  • Old Scrip Name: IBPL-12.50%-27-9-25-PVT → New Scrip Name: IBPLD-13.25%-25-9-26-PVT

Compliance Requirements

  • Trading members must note the revised terms for the specified scrip codes
  • Update systems to reflect new ISINs, coupon rates, and maturity dates
  • Ensure proper identification and handling of securities under new terms
  • Contact BSE officials for clarification: Ms. Pooja Trivedi (+91 22 2272 8844) or email debt.listing@bseindia.com

Important Dates

  • Notice Date: December 22, 2025
  • Effective Date: December 23, 2025 (Tuesday)
  • New Maturity Date (Both Securities): September 25, 2026

Impact Assessment

The revision affects bondholders and traders of Inbrew Beverages Private Limited debt securities. The increase in coupon rate from 12.50% to 13.25% represents improved returns for investors. The extension of maturity dates provides longer tenure for both instruments. The ISIN changes require administrative updates in trading and settlement systems. This is a continuation of previously communicated restructuring, suggesting ongoing refinancing activities by the issuer.

Impact Justification

Continuation notice affecting two specific debt securities with material changes to ISIN, coupon rates (increased to 13.25%), and extended maturity dates. Impacts holders and traders of these specific instruments.