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 a part redemption of its non-convertible debentures along with interest payment. The record date is set for February 6, 2026, and trading in the debentures will commence with a reduced face value from the same date. The debentures (ISIN: INE665L07040, Scrip Code: 975062) will have their face value reduced to Rs. 62,500 per debenture.

Key Points

  • Company: Varroc Engineering Limited
  • ISIN: INE665L07040
  • Scrip Code: 975062 (VEL-8.60%-7-9-28-PVT)
  • Record Date: February 6, 2026
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 62,500 per debenture
  • Effective Date: February 6, 2026
  • Settlement Number: DR-815/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notice for debt securities following existing SEBI guidelines for debenture redemption.

Compliance Requirements

  • Trading members must note that trading in the debentures will occur with reduced face value effective from February 6, 2026
  • All trades executed on or after the effective date must reflect the new reduced face value of Rs. 62,500 per debenture
  • Debenture holders on record as of February 6, 2026 will be eligible for interest payment and partial redemption

Important Dates

  • Notice Date: January 28, 2026
  • Record Date: February 6, 2026
  • Effective Date for Reduced Face Value: February 6, 2026 (Settlement: DR-815/2025-2026)

Impact Assessment

Impact on Debenture Holders: Moderate positive impact as holders will receive partial redemption proceeds along with interest payment, reducing their exposure while maintaining ongoing interest income on the reduced principal.

Impact on Trading: The reduced face value will affect pricing calculations and trading considerations for market participants dealing in these debentures. All system updates must reflect the new face value from the effective date.

Liquidity Impact: Partial redemption may impact the outstanding volume and liquidity of these debentures in the secondary market.

Impact Justification

Standard corporate action affecting debt holders of Varroc Engineering Limited. Material impact on debenture holders due to partial redemption and face value reduction.