Description

POWER GRID CORPORATION OF INDIA LIMITED has fixed record date for payment of interest and part redemption of bonds, with reduced face value effective December 23, 2025.

Summary

BSE has informed trading members that POWER GRID CORPORATION OF INDIA LIMITED has set December 23, 2025 as the record date for payment of interest and part redemption of its bonds (ISIN: INE752E07OH3, Scrip Code: 958539). The bonds will trade with a reduced face value of Rs. 600,000 per bond (down from implied original face value) effective from December 23, 2025 under settlement number DR-783/2025-2026.

Key Points

  • Bond ISIN: INE752E07OH3 (PGCIL-8.36%-6-1-29-PVT)
  • Scrip Code: 958539
  • Record Date: December 23, 2025
  • Purpose: Part redemption of bonds and payment of interest
  • Reduced Face Value: Rs. 600,000 per bond
  • Effective Date: December 23, 2025
  • Settlement Number: DR-783/2025-2026
  • Issued by: Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for bond redemption.

Compliance Requirements

  • Trading members must note that bonds will trade with reduced face value of Rs. 600,000 per bond from December 23, 2025
  • Trading members should update their systems to reflect the reduced face value for settlement DR-783/2025-2026
  • Bondholders as of record date December 23, 2025 will be eligible for interest payment and part redemption

Important Dates

  • Record Date: December 23, 2025 - Bondholders on this date eligible for interest payment and part redemption
  • Effective Date of Reduced Face Value: December 23, 2025
  • Settlement Number: DR-783/2025-2026
  • Notice Date: December 22, 2025

Impact Assessment

Market Impact: Medium - This part redemption affects bondholders of POWER GRID CORPORATION OF INDIA LIMITED’s 8.36% bonds maturing on 6-1-2029. The reduction in face value to Rs. 600,000 per bond indicates a partial repayment to bondholders, providing liquidity while reducing outstanding debt exposure.

Operational Impact: Trading members need to ensure their systems reflect the reduced face value from December 23, 2025 to ensure proper settlement and valuation. The bond will continue to trade in the debt segment but at the reduced denomination.

Investor Impact: Bondholders will receive partial redemption proceeds along with interest payment, reducing their investment exposure in these bonds while maintaining the remaining investment at the reduced face value.

Impact Justification

Part redemption of bonds affects bondholders of POWER GRID with reduced face value from Rs. 1000000 to Rs. 600000 per bond, impacting debt segment trading from December 23, 2025.