Description

Notification of reduced face values for six series of Pass Through Certificates following partial redemption by India Universal Trust AL1 and AL2, effective October 31, 2025.

Summary

Catalyst Trusteeship Limited has informed BSE of partial redemption of Pass Through Certificates (PTCs) for India Universal Trust AL1 and AL2 across Series A1, A2, and A3. The redemption results in reduced face values per PTC ranging from Rs. 35.11 lakhs to Rs. 95.50 lakhs depending on the series. Trading members must reflect these new reduced face values in trading systems starting October 31, 2025.

Key Points

  • Six PTC series affected: India Universal Trust AL1 (Series A1, A2, A3) and AL2 (Series A1, A2, A3)
  • Partial redemption reduces face value per PTC across all series
  • Changes become effective for trading from October 31, 2025
  • Notification issued by Catalyst Trusteeship Limited as trustee
  • Trading members required to update systems with new face values

Regulatory Changes

No regulatory framework changes. This is a corporate action notification for existing debt instruments.

Compliance Requirements

  • Trading members must note the reduced face values for affected PTCs
  • Systems must be updated to reflect new face values effective October 31, 2025
  • Trading in these PTCs will be conducted at reduced face values from the effective date
  • Reference: DR-747/2025-2026

Important Dates

  • Notice Date: October 30, 2025
  • Effective Date for Trading: October 31, 2025

Reduced Face Values

India Universal Trust AL1

  • Series A1 (ISIN: INE16J715019, Scrip: 976050): Rs. 3,510,885.81 per PTC
  • Series A2 (ISIN: INE16J715027, Scrip: 976051): Rs. 8,422,784.75 per PTC
  • Series A3 (ISIN: INE16J715035, Scrip: 976052): Rs. 9,246,355.42 per PTC

India Universal Trust AL2

  • Series A1 (ISIN: INE1CBK15011, Scrip: 976206): Rs. 4,527,428.84 per PTC
  • Series A2 (ISIN: INE1CBK15029, Scrip: 976207): Rs. 7,801,199.09 per PTC
  • Series A3 (ISIN: INE1CBK15037, Scrip: 976208): Rs. 9,550,371.34 per PTC

Impact Assessment

This partial redemption impacts holders of these specific PTC series by returning capital while reducing the outstanding face value. Trading members must ensure their systems accurately reflect the new face values to prevent pricing errors. The impact is limited to these six specific debt instruments and does not affect broader market operations. Investors holding these PTCs will see reduced principal amounts but have received partial redemption proceeds.

Impact Justification

Affects specific debt instrument holders with significant face value reductions across six PTC series, requiring trading members to update systems for new valuations effective October 31, 2025.