Description
BSE announces reduced face values for six series of Pass Through Certificates (PTCs) of India Universal Trust AL1 and AL2 following partial redemption, effective December 04, 2025.
Summary
BSE has notified trading members about the partial redemption of Pass Through Certificates (PTCs) issued by India Universal Trust AL1 and AL2 across six series (A1, A2, and A3 for each trust). Catalyst Trusteeship Limited has informed the exchange of the reduced face values per PTC following the partial redemption. The new face values will be effective for trading from December 04, 2025.
Key Points
- Six series of PTCs from India Universal Trust AL1 and AL2 undergoing partial redemption
- Reduced face values range from Rs. 3,021,862.57 to Rs. 9,510,477.40 per PTC
- Trading with reduced face values effective from December 04, 2025
- Notification issued by Catalyst Trusteeship Limited
- All affected securities are in the debt segment
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notification for partial redemption of debt securities.
Compliance Requirements
- Trading members must note the reduced face values for the affected PTCs
- Trading systems should be updated to reflect the new face values from December 04, 2025
- All trades in these securities from the effective date must use the reduced face values
Important Dates
- Notice Date: December 03, 2025
- Effective Date for Trading: December 04, 2025
Impact Assessment
Market Impact: Medium - affects specific debt securities with substantial face value reductions ranging from 30% to 90% of original values.
Investor Impact: Holders of these PTCs will see reduced face values but receive partial redemption proceeds. The maturity dates for the series range from 2026 to 2030.
Operational Impact: Trading members need to update their systems to reflect the new face values to ensure accurate pricing and settlement.
Affected Securities Details
| Trust | Series | ISIN | Scrip Code | New Face Value (Rs.) |
|---|---|---|---|---|
| INDIA UNIVERSAL TRUST AL1 | A1 | INE16J715019 | 976050 | 3,021,862.57 |
| INDIA UNIVERSAL TRUST AL1 | A2 | INE16J715027 | 976051 | 8,303,924.93 |
| INDIA UNIVERSAL TRUST AL1 | A3 | INE16J715035 | 976052 | 9,189,484.70 |
| INDIA UNIVERSAL TRUST AL2 | A1 | INE1CBK15011 | 976206 | 4,047,105.78 |
| INDIA UNIVERSAL TRUST AL2 | A2 | INE1CBK15029 | 976207 | 7,608,212.14 |
| INDIA UNIVERSAL TRUST AL2 | A3 | INE1CBK15037 | 976208 | 9,510,477.40 |
Impact Justification
Affects holders of specific PTCs of India Universal Trust with significant face value reductions. Important for debt security investors but limited to specific instruments.