Description

BSE notifies part redemption of non-convertible debentures of Varthana Finance Private Limited with a record date of 16 March 2026, after which trading will occur at a reduced face value of Rs. 30,575 per debenture.

Summary

BSE has informed trading members that Varthana Finance Private Limited has fixed a record date of 16 March 2026 for the purpose of payment of interest and part redemption of its Non-Convertible Debentures (NCDs). Post the record date, trading in these debentures will take place at a reduced face value.

Key Points

  • Company: Varthana Finance Private Limited
  • Debenture Series: VFPL-12.30%-27-02-27-PVT
  • ISIN: INE125T07261 (Scrip Code: 976661)
  • Record Date: 16 March 2026
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 30,575 per debenture
  • Effective Date for Reduced Face Value: 16 March 2026
  • Settlement Number: DR-840/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notice under BSE’s debt market segment procedures for part redemption events.

Compliance Requirements

  • Trading members must note that from 16 March 2026 (DR-840/2025-2026 settlement), trades in the subject debenture will be executed at the reduced face value of Rs. 30,575 per debenture.
  • Members should update their systems and inform clients holding this ISIN accordingly.

Important Dates

  • Record Date: 16 March 2026
  • Effective Date for Reduced Face Value Trading: 16 March 2026
  • Settlement Number: DR-840/2025-2026
  • Circular Date: 12 March 2026

Impact Assessment

This part redemption affects holders of Varthana Finance Private Limited’s NCD series VFPL-12.30%-27-02-27-PVT (ISIN INE125T07261). From the effective date, the face value of the debenture will be reduced, reflecting the partial principal repayment along with accrued interest. Impact is limited to existing holders of this specific privately placed NCD series. Trading members operating in the BSE debt segment should ensure pricing and settlement systems reflect the revised face value from 16 March 2026.

Impact Justification

Routine part redemption of privately placed NCDs affecting existing debenture holders; limited to a specific ISIN with a defined reduced face value post-record date.