Description

Catalyst Trusteeship Ltd informs about reduced face values for three PTCs of SANSAR TRUST - SERIES A1 following partial redemption, effective December 17, 2025.

Summary

BSE has notified trading members about the partial redemption of Pass Through Certificates (PTCs) issued by SANSAR TRUST - SERIES A1. Catalyst Trusteeship Ltd has informed the exchange of reduced face values for three PTCs effective December 17, 2025. The securities will trade at their new reduced face values from the effective date.

Key Points

  • Three PTCs of SANSAR TRUST - SERIES A1 undergo partial redemption with reduced face values
  • SANSAR TRUST NOV 2023 IV (ISIN: INE0SAI15015, Scrip Code: 975244): Face value reduced to Rs. 0.19 per PTC
  • SANSAR JUNE 2024 TRUST (ISIN: INE0YWN15017, Scrip Code: 975807): Face value reduced to Rs. 0.42 per PTC
  • SANSAR AUG 2024 VII TRUST (ISIN: INE14LF15016, Scrip Code: 976002): Face value reduced to Rs. 0.62 per PTC
  • Catalyst Trusteeship Ltd acts as trustee for these instruments
  • Notice issued under reference DR-779/2025-2026

Regulatory Changes

No regulatory framework changes. This is a corporate action notification for specific debt securities under existing regulations governing partial redemption of pass-through certificates.

Compliance Requirements

  • Trading members must note the reduced face values for the three PTCs
  • All trading in these securities must reflect the new face values from December 17, 2025 onwards
  • Market participants should update their systems to reflect the new face values
  • Trading members should inform their clients holding these PTCs about the partial redemption and reduced face values

Important Dates

  • Notice Date: December 16, 2025
  • Effective Date for Trading at Reduced Face Value: December 17, 2025

Impact Assessment

Market Impact: Limited to holders of the three specific PTCs. The partial redemption reduces the face value of these instruments, meaning investors receive partial principal repayment while retaining certificates with lower face values.

Investor Impact: PTC holders will receive partial redemption proceeds while continuing to hold certificates at reduced face values. This represents early partial return of principal for these debt instruments.

Operational Impact: Trading systems and member records must be updated to reflect the new face values. Price discovery and trading will be based on the reduced face values from the effective date.

Segment: Debt market segment only, specifically pass-through certificates which are structured debt instruments.

Impact Justification

Affects holders of three specific PTCs with reduced face values. Material impact limited to specific debt instruments rather than broad market impact.