Description

BSE notifies trading members that Varthana Finance Private Limited has fixed a record date of 11 March 2026 for part redemption of non-convertible debentures and payment of interest, with trading in reduced face value effective from the same date.

Summary

BSE has notified trading members that Varthana Finance Private Limited has fixed 11 March 2026 as the record date for part redemption of its Non-Convertible Debentures (NCDs) and payment of interest. From this effective date, trading in these debentures will occur at a reduced face value of Rs. 25,000 per debenture.

Key Points

  • Company: Varthana Finance Private Limited
  • Instrument: NCD series VFPL-11.5%-27-9-26-PVT (ISIN: INE125T07303, Scrip Code: 976059)
  • Record Date: 11 March 2026
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 25,000 per debenture
  • Effective Date for reduced face value trading: 11 March 2026
  • Settlement Number: DR-837/2025-2026

Regulatory Changes

No new regulatory changes. This is a standard corporate action notice under existing BSE debt market listing norms requiring disclosure of record dates and reduced face value for partially redeemed debentures.

Compliance Requirements

  • Trading members must note that from 11 March 2026, trades in Varthana Finance NCDs (ISIN: INE125T07303) must be executed at the reduced face value of Rs. 25,000 per debenture.
  • Members should update their systems to reflect the new face value effective from the settlement DR-837/2025-2026.

Important Dates

  • Notice Date: 02 March 2026
  • Record Date: 11 March 2026
  • Effective Date for Reduced Face Value Trading: 11 March 2026
  • Settlement Reference: DR-837/2025-2026

Impact Assessment

This circular has limited market impact as it pertains to a single NCD series of a private limited company in the debt segment. Holders of VFPL-11.5%-27-9-26-PVT debentures will receive a partial principal repayment along with accrued interest on the record date. Post-redemption, the debenture face value will stand reduced to Rs. 25,000 per unit. Market impact is confined to the specific instrument and its holders; no broader equity or market-wide implications are expected.

Impact Justification

Routine corporate action affecting a single private limited company's debt instrument; impacts only holders of the specific NCD series and does not affect broader market operations.