Description

Varthana Finance Private Limited announces part redemption of debentures with reduced face value from Rs. 100,000 to Rs. 25,000 per debenture, with record date set for December 28, 2025.

Summary

BSE has notified trading members that Varthana Finance Private Limited will execute a part redemption of its 11.25% Non-Convertible Debentures maturing on July 12, 2026. The face value per debenture will be reduced from the original amount to Rs. 25,000 following the partial redemption. Trading in these debentures will commence with the reduced face value effective December 26, 2025.

Key Points

  • Security Details: VARTHANA FINANCE PRIVATE LIMITED 11.25% debentures (ISIN: INE125T07287, Scrip Code: 977207)
  • Record Date: December 28, 2025
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 25,000 per debenture
  • Effective Date: December 26, 2025
  • Settlement Number: DR-785/2025-2026
  • Notice Number: 20251223-44

Regulatory Changes

No new regulatory changes introduced. This circular implements standard corporate action procedures for part redemption of debt securities as per existing BSE debt market regulations.

Compliance Requirements

  • Trading Members: Must note that trading in VARTHANA FINANCE debentures will be conducted with the reduced face value of Rs. 25,000 per debenture from December 26, 2025
  • Settlement: All transactions from the effective date onwards must reflect the new reduced face value
  • Record Date Recognition: Debenture holders on record as of December 28, 2025 will be eligible for interest payment and part redemption proceeds

Important Dates

  • December 23, 2025: Circular notification date
  • December 26, 2025: Effective date for trading with reduced face value (Settlement DR-785/2025-2026)
  • December 28, 2025: Record date for determining eligible debenture holders for redemption and interest payment
  • July 12, 2026: Original maturity date of the debentures

Impact Assessment

Market Impact: Medium. This part redemption affects holders of specific unlisted debentures of Varthana Finance. The reduction in face value from the original to Rs. 25,000 indicates a partial return of principal to investors.

Investor Impact: Debenture holders will receive partial redemption proceeds along with interest payment. The reduced face value will proportionally decrease the remaining investment exposure and future interest receipts on these securities.

Trading Impact: Trading members must update their systems to reflect the new face value effective December 26, 2025, two days before the record date, ensuring proper settlement and valuation of positions.

Impact Justification

Standard part redemption of debentures affecting specific debt security holders, with clear record date and reduced face value implementation