Description

VR DAKSHIN PRIVATE LIMITED announces part redemption of non-convertible debentures with reduced face value of Rs. 94,500 per debenture effective January 29, 2026.

Summary

VR DAKSHIN PRIVATE LIMITED has announced part redemption of its non-convertible debentures along with interest payment. The record date has been set as January 29, 2026, and trading in these debentures will commence with reduced face value effective from the same date. Three series of debentures are affected, all with ISINs starting with INE084S07.

Key Points

  • Part redemption of non-convertible debentures of VR DAKSHIN PRIVATE LIMITED
  • Three debenture series affected: TBILL+SPREAD, 10.70% fixed rate, and MIBOR+SPREAD variants
  • Reduced face value: Rs. 94,500 per debenture (down from Rs. 100,000)
  • Interest payment also scheduled along with part redemption
  • Trading with reduced face value effective from January 29, 2026
  • Settlement number: DR-808/2025-2026

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must note that trading in the affected debentures will be conducted with reduced face value of Rs. 94,500 per debenture
  • Trading members must ensure proper settlement under DR-808/2025-2026
  • All trades executed on or after January 29, 2026 must reflect the new reduced face value

Important Dates

  • Record Date: January 29, 2026 - For determining eligible debenture holders for part redemption and interest payment
  • Effective Date of Reduced Face Value: January 29, 2026 - Trading commences with new face value of Rs. 94,500
  • Settlement Number: DR-808/2025-2026

Impact Assessment

Affected Securities:

  1. VRDPL-TBILL+SPREAD-31-3-35-PVT (ISIN: INE084S07049, Code: 974772)
  2. VDPL-10.70%-31-3-35-PVT (ISIN: INE084S07031, Code: 974773)
  3. VDPL-MIBOR+SPREAD-31-3-35-PVT (ISIN: INE084S07056, Code: 974774)

Market Impact: Medium - Affects holders of VR DAKSHIN PRIVATE LIMITED debentures in the debt segment. The part redemption reduces the outstanding principal by Rs. 5,500 per debenture (5.5% of original face value). Debenture holders will receive partial principal repayment along with accrued interest. Trading members need to update their systems to reflect the reduced face value for accurate pricing and settlement.

Impact Justification

Routine corporate action involving part redemption of debentures affecting debt instrument holders with reduced face value from Rs. 100,000 to Rs. 94,500