Description

POWER GRID CORPORATION OF INDIA LIMITED has fixed Record Date for payment of interest and part redemption of three series of bonds, with trading to commence at reduced face value from October 31, 2025.

Summary

POWER GRID CORPORATION OF INDIA LIMITED has announced part redemption of three series of bonds along with interest payment. The Record Date is fixed as November 1, 2025, and trading in these bonds will commence with reduced face value from October 31, 2025 (Settlement No. DR-747/2025-2026).

Key Points

  • Three bond series of POWER GRID CORPORATION OF INDIA LIMITED undergoing part redemption
  • Record Date: November 1, 2025 for interest payment and part redemption
  • Trading with reduced face value effective from October 31, 2025
  • Settlement No: DR-747/2025-2026

Bond Details

PGCL-7.40%-17-2-33-PVT (INE752E08676, Code: 974593)

  • Reduced Face Value: Rs. 72,500 per bond
  • Effective Date: October 31, 2025

PGCIL-7.52%-23-3-33-PVT (INE752E08684, Code: 974698)

  • Reduced Face Value: Rs. 75,000 per bond
  • Effective Date: October 31, 2025

PGCIL-7.56%-31-3-33-PVT (INE752E08692, Code: 974737)

  • Reduced Face Value: Rs. 75,000 per bond
  • Effective Date: October 31, 2025

Compliance Requirements

  • Trading Members must note the reduced face value for all three bond series
  • Trading in bonds will be conducted at reduced face value from the effective date
  • Members should update their systems to reflect the new face values

Important Dates

  • Record Date: November 1, 2025 - For determining bondholders eligible for interest payment and part redemption
  • Effective Date for Reduced Face Value Trading: October 31, 2025
  • Settlement Number: DR-747/2025-2026

Impact Assessment

This part redemption affects bondholders of POWER GRID CORPORATION OF INDIA LIMITED across three bond series. The reduction in face value represents a partial return of principal to bondholders. Trading members need to ensure their systems are updated to reflect the new face values before the effective date to ensure smooth settlement. This is a standard corporate action for debt securities and represents scheduled debt servicing by the issuer.

Impact Justification

Routine corporate action affecting three bond series of a major PSU; impacts bondholders through part redemption and face value reduction but is a scheduled event with adequate notice