Description

Catalyst Trusteeship Limited announces partial redemption of six series of Pass Through Certificates (PTCs) of India Universal Trust AL1 and AL2, with reduced face values effective December 4, 2025.

Summary

Catalyst Trusteeship Limited has informed BSE about the partial redemption of Pass Through Certificates (PTCs) across six series issued by India Universal Trust AL1 and AL2. The redemption results in reduced face values for all affected PTCs, effective from December 4, 2025. Trading members are required to trade these securities with 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
  • Reduced face values range from Rs. 3,021,862.57 to Rs. 9,510,477.40 per PTC depending on series
  • Changes effective from December 4, 2025
  • Notice reference: DR-770/2025-2026
  • Issued by Catalyst Trusteeship Limited as trustee

Affected Securities

India Universal Trust AL1:

  • Series A1 (ISIN: INE16J715019, Scrip: 976050): Reduced to Rs. 3,021,862.57 per PTC
  • Series A2 (ISIN: INE16J715027, Scrip: 976051): Reduced to Rs. 8,303,924.93 per PTC
  • Series A3 (ISIN: INE16J715035, Scrip: 976052): Reduced to Rs. 9,189,484.70 per PTC

India Universal Trust AL2:

  • Series A1 (ISIN: INE1CBK15011, Scrip: 976206): Reduced to Rs. 4,047,105.78 per PTC
  • Series A2 (ISIN: INE1CBK15029, Scrip: 976207): Reduced to Rs. 7,608,212.14 per PTC
  • Series A3 (ISIN: INE1CBK15037, Scrip: 976208): Reduced to Rs. 9,510,477.40 per PTC

Compliance Requirements

  • Trading members must note the reduced face values for all six PTC series
  • All trading in these PTCs from December 4, 2025 onwards must reflect the new reduced face values
  • Trading members should update their systems to reflect the changes in face value

Important Dates

  • Notice Date: December 3, 2025
  • Effective Date for Trading with Reduced Face Value: December 4, 2025

Impact Assessment

This partial redemption represents a material corporate action for holders of these PTCs, with significant reductions in face values indicating substantial principal repayment. Trading members dealing in debt securities must ensure their systems and operations reflect the new face values to avoid settlement issues. The redemption improves liquidity for PTC holders while maintaining the ongoing securities with reduced principal amounts.

Impact Justification

Routine corporate action affecting debt instruments with material face value reductions, relevant to PTC holders and trading members handling these securities.