Description

Notification of partial redemption reducing the face value of Pass Through Certificates (PTCs) of TRINITY TRUST SEP 2025 to Rs. 7874.34 per PTC, effective December 19, 2025.

Summary

BSE has notified trading members about the partial redemption of Pass Through Certificates (PTCs) issued by TRINITY TRUST SEP 2025. Mitcon Credentia Trusteeship Services Ltd has informed that the face value of the PTCs will be reduced to Rs. 7874.34 per PTC following the partial redemption. The PTCs will trade at this reduced face value from December 19, 2025.

Key Points

  • Partial redemption of PTCs issued by TRINITY TRUST SEP 2025
  • ISIN: INE2JU715017, Scrip Code: 977166
  • Reduced face value: Rs. 7874.34 per PTC (post-redemption)
  • Trustee: Mitcon Credentia Trusteeship Services Ltd
  • Instrument: TTS25-11.75%-21-9-27-PTC
  • Circular reference: DR-781/2025-2026

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 for trading purposes
  • All trades in these PTCs from December 19, 2025 onwards must reflect the new face value of Rs. 7874.34 per PTC
  • Trading members should update their systems to reflect the revised face value

Important Dates

  • Notice Date: December 18, 2025
  • Effective Date: December 19, 2025 (PTCs will trade at reduced face value from this date)

Impact Assessment

Market Impact: Medium - affects holders and traders of specific PTCs

Operational Impact: Trading members need to update their systems to reflect the reduced face value. The partial redemption reduces the outstanding principal amount of the PTCs, which will be reflected in the new face value.

Investor Impact: PTC holders will receive partial redemption proceeds while continuing to hold the securities at reduced face value. This is a scheduled corporate action for debt securities and represents a return of principal to investors.

Impact Justification

Affects specific PTC holders with face value reduction. Limited to debt instrument holders of TRINITY TRUST SEP 2025. Standard corporate action with defined financial impact.