Description

VARROC ENGINEERING LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures with reduced face value effective February 6, 2026.

Summary

VARROC ENGINEERING LIMITED has announced part redemption of its non-convertible debentures (ISIN: INE665L07040, Scrip Code: 975062) with a record date of February 6, 2026. The debentures will trade with a reduced face value of Rs. 62,500 per debenture effective from the same date. The company will simultaneously process interest payment to eligible debenture holders.

Key Points

  • Debenture Series: VEL-8.60%-7-9-28-PVT (ISIN: INE665L07040, Scrip Code: 975062)
  • Record Date: February 6, 2026
  • Reduced Face Value: Rs. 62,500 per debenture
  • Effective Date: February 6, 2026
  • Settlement Number: DR-815/2025-2026
  • Corporate Action: Part redemption of debentures and payment of interest
  • Trading Segment: Debt Market

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification as per existing debt market regulations.

Compliance Requirements

  • Trading members must note that trading in these debentures will be with reduced face value of Rs. 62,500 per debenture from February 6, 2026
  • Investors holding debentures as on the record date (February 6, 2026) will be eligible for interest payment and part redemption proceeds
  • All debenture transactions post the effective date must reflect the new reduced face value

Important Dates

  • Record Date: February 6, 2026 - Eligibility date for interest payment and part redemption
  • Effective Date of Reduced Face Value: February 6, 2026
  • Settlement Number: DR-815/2025-2026
  • Notice Date: January 28, 2026

Impact Assessment

Market Impact: Limited - affects only holders of specific debenture series of VARROC ENGINEERING LIMITED in the debt segment.

Investor Impact: Medium - debenture holders will receive partial redemption proceeds and interest payment, reducing their outstanding investment. The face value reduction from the original amount to Rs. 62,500 per debenture reflects the partial return of principal.

Operational Impact: Low - routine corporate action requiring standard settlement processes. Trading members need to update their systems to reflect the reduced face value for ongoing trades post-effective date.

Liquidity Impact: Minimal - part redemption reduces outstanding debenture volume but is a scheduled corporate action with no unexpected market disruption.

Impact Justification

Routine corporate action affecting specific debenture holders with part redemption and face value reduction. Limited broader market impact but important for investors holding these specific debt securities.