Description

FRIEZA 06 2025 has fixed Record Date for Payment of Interest and Part Redemption of Pass-Through Certificates (PTCs) with reduced face value effective from October 31, 2025.

Summary

BSE has notified that FRIEZA 06 2025 (ISIN: INE26SJ15017, Scrip Code: 976876) has fixed November 1, 2025 as the Record Date for the purpose of Payment of Interest and Part Redemption of Pass-Through Certificates (PTCs). Trading in these PTCs will commence with a reduced face value of Rs. 0.7476 per PTC effective from October 31, 2025 under settlement number DR-747/2025-2026.

Key Points

  • Security: FRIEZA 06 2025 (INE26SJ15017)
  • Scrip Code: 976876
  • Corporate Action: Part Redemption of PTCs and Payment of Interest
  • Record Date: November 1, 2025
  • New Reduced Face Value: Rs. 0.7476 per PTC
  • Effective Date for Reduced Face Value Trading: October 31, 2025
  • Settlement Number: DR-747/2025-2026
  • Segment: Debt

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

Trading Members of BSE are required to:

  • Note that trading in FRIEZA 06 2025 PTCs will be conducted with the reduced face value from October 31, 2025
  • Ensure proper handling of the part redemption and interest payment processes
  • Update their systems to reflect the new face value of Rs. 0.7476 per PTC

Important Dates

  • October 27, 2025: Circular issuance date
  • October 31, 2025: Effective date for trading with reduced face value (Settlement DR-747/2025-2026)
  • November 1, 2025: Record Date for part redemption and interest payment

Impact Assessment

This circular has limited market impact as it affects only holders of FRIEZA 06 2025 PTCs. The part redemption will result in a reduced face value, and eligible PTC holders on the record date will receive interest payment along with partial redemption proceeds. Trading members need to adjust their systems for the reduced face value effective from October 31, 2025. This is a routine corporate action in the debt segment with no broader market implications.

Impact Justification

Routine corporate action affecting a single debt security with partial redemption. Impact limited to PTC holders of FRIEZA 06 2025.