Description

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

Summary

Catalyst Trusteeship Limited has informed BSE of the reduced face values for six series of Pass Through Certificates (PTCs) issued by India Universal Trust AL1 and AL2 following partial redemption. The revised face values will be effective for trading from October 31, 2025. This affects three series each from AL1 and AL2 trusts, with reduced face values ranging from Rs. 3.51 crore to Rs. 9.55 crore per PTC.

Key Points

  • Part redemption affects 6 PTC series across India Universal Trust AL1 and AL2
  • Reduced face values range from Rs. 3,510,885.81 to Rs. 9,550,371.34 per PTC
  • Trading with new face values begins October 31, 2025
  • Notification issued under reference DR-747/2025-2026
  • Information provided by Catalyst Trusteeship Limited as trustee
  • All affected PTCs are debt segment securities

Regulatory Changes

No new regulatory changes introduced. This is a corporate action notification pursuant to partial redemption of PTCs.

Compliance Requirements

  • Trading members must note the revised face values effective October 31, 2025
  • PTCs must be traded at the reduced face values from the effective date
  • Members should update their systems to reflect the new face values per PTC

Important Dates

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

Impact Assessment

Market Impact

  • Medium impact on PTC holders due to principal reduction through partial redemption
  • Trading parameters updated to reflect reduced face values
  • Affects pricing and valuation of these debt securities

Operational Impact

  • Trading members must update face value parameters in trading systems
  • Impacts valuation calculations for portfolio holdings
  • Settlement amounts will be based on revised face values

Affected Securities Details

India Universal Trust AL1:

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

India Universal Trust AL2:

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

Impact Justification

Material event for PTC holders affecting face values and trading parameters for six debt securities, but limited to specific trust certificates with narrow investor base.