Description

Trading suspended in POWER GRID CORPORATION bonds (INE752E07NK9) from December 8, 2025 due to redemption and interest payment with record date set for the same day.

Summary

BSE has announced the suspension of trading in specific bonds of POWER GRID CORPORATION OF INDIA LIMITED effective December 8, 2025. The suspension is due to the company setting a record date for bond redemption and interest payment. The affected bond series is PGCIL-8.32%-23-12-25-PVT with ISIN INE752E07NK9 (Code: 953417).

Key Points

  • Trading suspended for POWER GRID CORPORATION bonds from December 8, 2025
  • Bond series: PGCIL-8.32%-23-12-25-PVT (INE752E07NK9)
  • Record date set for December 8, 2025
  • Purpose: Redemption of bonds and payment of interest
  • Trading members advised not to deal in these bonds from the suspension date
  • Circular reference: DR-772/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for bond redemption.

Compliance Requirements

  • Trading members must not execute trades in the specified bonds from December 8, 2025
  • Trading members are required to take note of the suspension and communicate to clients
  • No dealings permitted in bond series INE752E07NK9 from the specified date

Important Dates

  • Notice Date: December 1, 2025
  • Record Date: December 8, 2025
  • Trading Suspension Date: December 8, 2025
  • Purpose Effective Date: December 8, 2025 (for redemption and interest payment)

Impact Assessment

Market Impact: Medium - The suspension affects only bondholders of the specific POWER GRID CORPORATION series (8.32% bonds). Investors holding these bonds will not be able to trade them from December 8, 2025, but will receive their redemption proceeds and interest payment.

Operational Impact: Trading members need to update their systems to block trades in the affected ISIN and inform clients holding these bonds about the suspension and upcoming redemption.

Investor Impact: Bondholders as of record date (December 8, 2025) will receive redemption proceeds and final interest payment. This is a scheduled maturity event based on the bond series naming convention (23-12-25 indicating December 2025 maturity).

Impact Justification

High severity due to trading suspension but medium impact as it affects specific bond series holders only and is part of scheduled redemption process