Description

Power Grid Corporation of India Limited has fixed the record date for payment of interest and part redemption of bonds, with trading to commence at reduced face value of Rs. 600,000 per bond effective December 23, 2025.

Summary

Power Grid Corporation of India Limited has announced a part redemption of its bonds (ISIN: INE752E07OH3, Code: 958539) along with interest payment. The record date has been set as December 23, 2025, and trading in these bonds will commence with a reduced face value effective from the same date. The bonds, maturing on January 6, 2029, with an 8.36% coupon rate, will trade at a reduced face value of Rs. 600,000 per bond.

Key Points

  • Bond ISIN: INE752E07OH3
  • BSE Scrip Code: 958539
  • Bond Description: PGCIL-8.36%-6-1-29-PVT
  • Record Date: December 23, 2025
  • Purpose: Part redemption of bonds and payment of interest
  • New Reduced Face Value: Rs. 600,000 per bond
  • Effective Date: December 23, 2025
  • Settlement Number: DR-783/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action as per existing debt securities regulations.

Compliance Requirements

  • Trading members must note the reduced face value for trading purposes
  • All trades from December 23, 2025 onwards must reflect the reduced face value of Rs. 600,000 per bond
  • Trading members should update their systems to reflect the part redemption and adjusted face value
  • Bondholders on record as of December 23, 2025 will be eligible for interest payment and part redemption proceeds

Important Dates

  • December 22, 2025: Circular notice date
  • December 23, 2025: Record date for interest payment and part redemption
  • December 23, 2025: Effective date for trading at reduced face value (Settlement DR-783/2025-2026)

Impact Assessment

Bondholder Impact: Bondholders as of the record date will receive partial redemption proceeds along with interest payment, reducing their investment exposure in these bonds. The remaining investment will continue at the reduced face value.

Trading Impact: Trading members must adjust their systems to reflect the reduced face value from December 23, 2025. All subsequent trades will be executed at the new face value of Rs. 600,000 per bond.

Market Impact: This is a routine corporate action with limited market-wide impact. It affects only holders of this specific Power Grid Corporation bond series and demonstrates the company’s adherence to its debt servicing obligations.

Impact Justification

Routine corporate action affecting specific bondholders of Power Grid Corporation. Medium impact due to part redemption reducing face value, requiring trading members to adjust records.