Description

U.P.POWER CORPORATION LIMITED has fixed record date for part redemption of debentures and payment of interest, with reduced face value effective from October 30, 2025.

Summary

U.P.POWER CORPORATION LIMITED (UPPCL) has announced part redemption of its Non-Convertible Debentures along with payment of interest. The record date has been set as October 30, 2025, and trading in the debentures will commence with reduced face value of Rs. 250,000 per debenture from the same date. This corporate action affects the ISIN INE540P07095 (Code: 955771) debenture series maturing on February 13, 2026, with a coupon rate of 8.97%.

Key Points

  • Record date fixed as October 30, 2025 for both interest payment and part redemption
  • Reduced face value of Rs. 250,000 per debenture effective from October 30, 2025
  • Trading in debentures will be with reduced face value from the effective date
  • Applicable to UPPCL-8.97%-13-2-26-PVT series (ISIN: INE540P07095, Code: 955771)
  • Settlement number: DR-746/2025-2026
  • Debentures are privately placed Non-Convertible Debentures

Regulatory Changes

No regulatory changes introduced. This is a corporate action notification for part redemption of existing debentures as per the terms of issuance.

Compliance Requirements

  • Trading members must note that trading in the company’s debentures will be with reduced face value from October 30, 2025
  • All market participants dealing in these debentures must account for the new face value of Rs. 250,000 per debenture in their systems and transactions
  • Members must ensure proper settlement processing under settlement number DR-746/2025-2026

Important Dates

  • Record Date: October 30, 2025 - For determining eligibility for interest payment and part redemption
  • Effective Date: October 30, 2025 - Commencement of trading with reduced face value of Rs. 250,000 per debenture
  • Settlement Number: DR-746/2025-2026

Impact Assessment

Debt Security Holders: Holders of UPPCL debentures (ISIN: INE540P07095) will receive part redemption proceeds along with interest payment based on holdings as of the record date. The face value reduction to Rs. 250,000 per debenture indicates partial capital return to investors.

Trading Impact: From October 30, 2025, all trading in these debentures will reflect the reduced face value, which will affect pricing calculations, accrued interest computations, and position valuations for market participants.

Market Operations: Trading members and custodians must update their systems to reflect the new face value to ensure accurate trade processing, settlement, and reporting. The synchronization of face value change with the record date ensures smooth transition in the market.

Impact Justification

Part redemption of debentures impacts debt security holders with face value reduction from original to Rs. 250,000 per debenture, requiring trading members to note the effective date for reduced face value trading