Description

POWER GRID CORPORATION OF INDIA LIMITED has fixed record date for payment of interest and part redemption of bonds with reduced face value effective August 8, 2025.

Summary

POWER GRID CORPORATION OF INDIA LIMITED has announced part redemption of its bonds along with interest payment. The company has set a record date of August 9, 2025, and trading in the bonds will commence with reduced face value from August 8, 2025.

Key Points

  • Part redemption of bonds by POWER GRID CORPORATION OF INDIA LIMITED
  • Record date fixed for both interest payment and part redemption
  • Trading to continue with reduced face value post redemption
  • Specific bond series: PGCIL-7.5%-24-8-33-PVT (INE752E08700)

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must note the change in face value effective from the specified date
  • All trading in the affected bonds must reflect the reduced face value from August 8, 2025

Important Dates

  • Record Date: August 9, 2025 - for interest payment and part redemption eligibility
  • Effective Date: August 8, 2025 - trading with reduced face value begins
  • Settlement Number: DR-691/2025-2026

Impact Assessment

This is a routine corporate action that will affect holders of the specific POWER GRID bond series. The reduced face value from Rs. 100,000 to Rs. 80,000 per bond reflects the partial redemption. Trading members need to ensure their systems reflect the new face value to avoid settlement issues.

Impact Justification

Routine corporate action affecting specific bond holders with clear timeline and procedures