Description

Notice regarding part redemption of non-convertible debentures and interest payment with reduced face value effective February 13, 2026.

Summary

INCRED FINANCIAL SERVICES LIMITED has announced part redemption of its non-convertible debentures (ISIN: INE321N07475, Scrip Code: 976209) along with interest payment. The debentures will trade at a reduced face value of Rs. 58,333.35 per debenture effective February 13, 2026. The record date for determining eligible debenture holders is set as February 13, 2026.

Key Points

  • Part redemption of 9.90% non-convertible debentures maturing on November 25, 2027
  • ISIN: INE321N07475, Scrip Code: 976209
  • Record date: February 13, 2026
  • Reduced face value: Rs. 58,333.35 per debenture
  • Effective date of reduced face value trading: February 13, 2026
  • Settlement number: DR-820/2025-2026
  • Purpose: Part redemption of debentures and payment of interest

Regulatory Changes

No regulatory framework changes. This is a standard corporate action under existing debt market regulations.

Compliance Requirements

  • Trading members must note that debentures will trade with reduced face value from the effective date
  • Debenture holders on record date (February 13, 2026) will be eligible for interest payment and part redemption proceeds
  • Trading members should update their systems to reflect the new face value for trading purposes

Important Dates

  • Notice Date: February 9, 2026
  • Record Date: February 13, 2026
  • Effective Date of Reduced Face Value: February 13, 2026
  • Settlement Number: DR-820/2025-2026

Impact Assessment

Market Impact: Medium - affects trading and valuation of INCRED Financial Services debentures in the debt segment. The reduced face value will impact pricing calculations and trading strategies for these instruments.

Investor Impact: Debenture holders will receive partial redemption proceeds and accrued interest, reducing their exposure to this instrument. The face value reduction is material and investors must account for this in their portfolio valuations.

Operational Impact: Trading members need to update their systems to reflect the new reduced face value for accurate trade execution and settlement from February 13, 2026 onwards.

Impact Justification

Routine corporate action affecting debenture holders of INCRED Financial Services with material impact on face value reduction from existing value to Rs. 58,333.35 per debenture