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 from December 04, 2025.

Summary

BSE notifies trading members about partial redemption of Pass Through Certificates (PTCs) issued by India Universal Trust AL1 and AL2 across six series (A1, A2, A3 for each trust). Catalyst Trusteeship Limited has informed the exchange of reduced face values per PTC following the partial redemption. The revised face values will be effective for trading from December 04, 2025.

Key Points

  • Six series of PTCs from India Universal Trust AL1 and AL2 have undergone partial redemption
  • Reduced face values range from Rs. 3,021,862.57 to Rs. 9,510,477.40 per PTC
  • Trading with new reduced face values commences December 04, 2025
  • Notice issued by Catalyst Trusteeship Limited
  • Reference number: DR-770/2025-2026

Regulatory Changes

No regulatory framework changes. This is a corporate action notification regarding partial redemption of existing debt securities.

Compliance Requirements

  • Trading members must note the revised face values for the affected PTCs
  • Trading members must ensure transactions reflect the reduced face values from December 04, 2025 onwards
  • Trading members should update their systems with the new face values for accurate trading and settlement

Important Dates

  • Notice Date: December 03, 2025
  • Effective Date for Trading: December 04, 2025

Impact Assessment

Market Impact: Medium - affects specific debt market participants dealing in India Universal Trust PTCs. The partial redemption results in substantial reduction in face values, which will impact trading calculations and valuations.

Affected Securities:

  1. IUTA1 Series A1 (ISIN: INE16J715019, Scrip: 976050) - Reduced to Rs. 3,021,862.57 per PTC
  2. IUTA1 Series A2 (ISIN: INE16J715027, Scrip: 976051) - Reduced to Rs. 8,303,924.93 per PTC
  3. IUTA1 Series A3 (ISIN: INE16J715035, Scrip: 976052) - Reduced to Rs. 9,189,484.70 per PTC
  4. IUTAL2 Series A1 (ISIN: INE1CBK15011, Scrip: 976206) - Reduced to Rs. 4,047,105.78 per PTC
  5. IUTAL2 Series A2 (ISIN: INE1CBK15029, Scrip: 976207) - Reduced to Rs. 7,608,212.14 per PTC
  6. IUTAL2 Series A3 (ISIN: INE1CBK15037, Scrip: 976208) - Reduced to Rs. 9,510,477.40 per PTC

Operational Impact: Trading members must update their systems and ensure proper handling of the revised face values to avoid trading errors or settlement issues.

Impact Justification

Affects six debt securities with significant face value changes; impacts specific PTC holders and trading members dealing in these instruments