Description
NSE notifies the listing of privately placed debt securities including Commercial Paper from Varroc Engineering Limited and Non-Convertible Debentures from Northern Arc Capital Limited, effective January 02, 2026.
Summary
NSE has admitted privately placed debt securities to dealings on its Debt Market Segment effective January 02, 2026. The circular notifies the listing of Commercial Paper issued by Varroc Engineering Limited and Non-Convertible Debentures issued by Northern Arc Capital Limited, with designated security codes as specified.
Key Points
- Fresh issue listings on NSE Debt Market Segment effective January 02, 2026
- Varroc Engineering Limited issued Commercial Paper maturing on January 27, 2026
- Northern Arc Capital Limited issued 8.85% Non-Convertible Debentures maturing on December 31, 2028
- Securities admitted pursuant to Regulation 3.1.1 of NSE Debt Market (Trading) Regulations
Securities Details
Commercial Paper - Varroc Engineering Limited
- Security: VEL CP 27/01/26 Sr 1
- ISIN: INE665L14434
- Quantity: 1,000 units
- Face Value: ₹5,00,000
- Issue Price: ₹4,97,625
- Allotment Date: January 01, 2026
- Redemption Date: January 27, 2026
Non-Convertible Debentures - Northern Arc Capital Limited
- Security: NACL 8.85% 2028
- ISIN: INE850M07509
- Quantity: 25,000 units
- Face Value: ₹1,00,000
- Issue Price: ₹1,00,000
- Allotment Date: December 31, 2025
- Redemption Date: December 31, 2028
- Coupon Rate: 8.85%
- Call/Put Options: Not Applicable
Regulatory Changes
No regulatory changes. This is a standard listing notification under existing NSE Debt Market (Trading) Regulations.
Compliance Requirements
- Market participants can trade these securities on the NSE Debt Market Segment from January 02, 2026
- Trading members should note the designated security codes for trading purposes
Important Dates
- Effective Listing Date: January 02, 2026
- VEL CP Allotment: January 01, 2026
- VEL CP Redemption: January 27, 2026
- NACL NCD Allotment: December 31, 2025
- NACL NCD Redemption: December 31, 2028
Impact Assessment
This is a routine administrative notification with minimal market-wide impact. The listing provides additional debt instruments for institutional investors and enhances market depth in corporate debt securities. The short-tenure Commercial Paper from Varroc Engineering and medium-term Debentures from Northern Arc Capital offer investors varying maturity options in the debt market segment.
Impact Justification
Routine listing notification for privately placed debt securities with limited market-wide impact, affecting only specific debt instruments and issuers.