Description

Catalyst Trusteeship Limited informs about reduced face values per PTC following partial redemption of six series of Pass Through Certificates of India Universal Trust AL1 & AL2, effective October 31, 2025.

Summary

Catalyst Trusteeship Limited has informed BSE about the partial redemption of Pass Through Certificates (PTCs) for India Universal Trust AL1 and AL2 across six different series (A1, A2, and A3 for each trust). The redemption results in reduced face values per PTC effective from October 31, 2025. Trading members are advised that these PTCs will trade at the new reduced face values from the effective date.

Key Points

  • Six series of PTCs under India Universal Trust AL1 and AL2 are undergoing partial redemption
  • New reduced face values have been determined by Catalyst Trusteeship Limited
  • Trading will commence with new face values from October 31, 2025
  • Notice number: 20251030-25, DR-747/2025-2026
  • Segment: Debt securities

Reduced Face Values

India Universal Trust AL1:

  • Series A1 (IUTA1-8.02%-20-9-26-PTC, ISIN: INE16J715019, Scrip: 976050): Rs. 3,510,885.81 per PTC
  • Series A2 (IUTA1-8.12%-20-7-27-PTC, ISIN: INE16J715027, Scrip: 976051): Rs. 8,422,784.75 per PTC
  • Series A3 (IUTA1-8.20%-20-9-30-PTC, ISIN: INE16J715035, Scrip: 976052): Rs. 9,246,355.42 per PTC

India Universal Trust AL2:

  • Series A1 (IUTAL2-8.03%-21-11-26-PTC, ISIN: INE1CBK15011, Scrip: 976206): Rs. 4,527,428.84 per PTC
  • Series A2 (IUTAL2-8.09%-21-11-27-PTC, ISIN: INE1CBK15029, Scrip: 976207): Rs. 7,801,199.09 per PTC
  • Series A3 (IUTAL2-8.17%-21-11-30-PTC, ISIN: INE1CBK15037, Scrip: 976208): Rs. 9,550,371.34 per PTC

Regulatory Changes

No regulatory changes. This is a standard corporate action notification for partial redemption of debt securities.

Compliance Requirements

  • Trading members must note the reduced face values for all six PTC series
  • Trading systems must be updated to reflect new face values from October 31, 2025
  • All trading in these PTCs from the effective date must use the updated face values

Important Dates

  • Notice Date: October 30, 2025
  • Effective Date: October 31, 2025 (trading commences with reduced face values)

Impact Assessment

This partial redemption affects holders of PTCs in India Universal Trust AL1 and AL2. The reduced face values reflect the return of principal to PTC holders as part of the structured debt instrument’s amortization schedule. Trading members must ensure their systems reflect the new face values to maintain accurate pricing and settlement. The impact is limited to participants in these specific debt securities and does not affect broader market operations.

Impact Justification

Routine partial redemption of debt securities affecting six PTC series with updated face values for trading from October 31, 2025. Important for PTC holders and trading members but limited market-wide impact.