Description

Notification of partial redemption resulting in reduced face value of SHANKS 01 2025 Series A2 PTCs from original value to Rs. 639.30 per PTC, effective December 10, 2025.

Summary

Catalyst Trusteeship Limited has informed BSE of the partial redemption of Pass Through Certificates (PTCs) of SHANKS 01 2025 SERIES A2 (ISIN: INE1O3X15025, Scrip Code: 976447). Following this partial redemption, the face value per PTC has been reduced to Rs. 639.30. The PTCs will trade at this reduced face value from December 10, 2025.

Key Points

  • Security: SHANKS 01 2025 Series A2 PTCs (12% coupon, maturity 28-10-27)
  • ISIN: INE1O3X15025
  • Scrip Code: 976447
  • Corporate Action: Part Redemption of PTCs
  • Reduced Face Value: Rs. 639.30 per PTC
  • Effective Trading Date: December 10, 2025
  • Reference: DR-774/2025-2026
  • Trustee: Catalyst Trusteeship Limited

Regulatory Changes

No regulatory changes. This is a corporate action notification regarding debt securities.

Compliance Requirements

  • Trading Members must note the reduced face value of Rs. 639.30 per PTC
  • All subsequent trading in these PTCs must reflect the new reduced face value
  • Trading Members should update their systems to reflect the face value change effective December 10, 2025

Important Dates

  • Notice Date: December 09, 2025
  • Effective Trading Date: December 10, 2025 (PTCs will trade at reduced face value from this date)

Impact Assessment

Market Impact: Medium - The partial redemption reduces the outstanding face value of the PTCs, which affects the principal amount and potentially future cash flows for investors. Existing holders receive partial capital return.

Investor Impact: PTC holders of SHANKS 01 2025 SERIES A2 will see a reduction in their investment’s face value to Rs. 639.30 per certificate. This represents a return of capital to investors through partial redemption.

Trading Impact: Trading Members need to ensure their systems reflect the updated face value for accurate pricing and settlement from December 10, 2025 onwards.

Impact Justification

Affects specific debt security holders through partial redemption and face value adjustment; important for PTC investors but limited to single instrument