Description
Notification of partial redemption of Pass Through Certificates (PTCs) with reduced face value effective December 10, 2025.
Summary
BSE notifies trading members about the partial redemption of Pass Through Certificates (PTCs) for SHANKS 01 2025 SERIES A2. Catalyst Trusteeship Limited has informed the exchange that the face value per PTC will be reduced to Rs. 639.30 following the partial redemption. The reduced face value will be effective for trading from December 10, 2025.
Key Points
- Security: SHANKS 01 2025 SERIES A2 (12% coupon, maturity October 28, 2027)
- ISIN: INE1O3X15025
- Scrip Code: 976447
- New Reduced Face Value: Rs. 639.30 per PTC
- Effective Date: December 10, 2025
- Trustee: Catalyst Trusteeship Limited
- Reference: DR-774/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action notification for partial redemption of debt securities.
Compliance Requirements
- Trading members must note the reduced face value of Rs. 639.30 per PTC
- All trades in these PTCs from December 10, 2025 onwards must reflect the new reduced face value
- Trading members should update their systems accordingly before the effective date
Important Dates
- Notice Date: December 9, 2025
- Effective Date for Trading with Reduced Face Value: December 10, 2025
Impact Assessment
Market Impact: Low - This is a routine partial redemption affecting only holders of this specific PTC series. The securities will continue to trade with the reduced face value.
Operational Impact: Minimal - Trading members need to update the face value in their systems. No trading restrictions or suspensions are involved.
Investor Impact: Neutral - PTC holders will receive partial redemption proceeds while retaining their securities at the reduced face value. This is a standard feature of pass-through certificate structures.
Impact Justification
Routine partial redemption of a single PTC series affecting only holders of this specific debt instrument. Limited market-wide impact.