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 26, 2025.

Summary

POWER GRID CORPORATION OF INDIA LIMITED has announced part redemption of its 7.65% bonds maturing on January 11, 2034 (ISIN: INE752E08726, Scrip Code: 975315). The record date is set as December 27, 2025, for payment of interest and part redemption. Trading in these bonds will commence with a reduced face value of Rs. 80,000 per bond effective December 26, 2025.

Key Points

  • Bond: PGCIL-7.65%-11-1-34-PVT (INE752E08726, Scrip Code: 975315)
  • Record Date: December 27, 2025
  • Purpose: Part Redemption of Bonds and Payment of Interest
  • Reduced Face Value: Rs. 80,000 per bond (from original face value)
  • Effective Date: December 26, 2025
  • Settlement Number: DR-785/2025-2026

Regulatory Changes

No regulatory changes. This is a standard corporate action notice regarding bond redemption.

Compliance Requirements

  • Trading members must note that trading in the bonds will be conducted with the reduced face value of Rs. 80,000 per bond from December 26, 2025
  • All trades executed on or after the effective date must reflect the new reduced face value
  • Bondholders on record as of December 27, 2025 will be eligible for interest payment and part redemption proceeds

Important Dates

  • December 23, 2025: Notice date
  • December 26, 2025: Effective date for trading with reduced face value (Settlement DR-785/2025-2026)
  • December 27, 2025: Record date for interest payment and part redemption

Impact Assessment

This part redemption reduces the outstanding face value of the bonds, returning capital to bondholders while the bonds continue to trade at the reduced face value. Impact is limited to holders of this specific POWER GRID bond series. Trading members must update their systems to reflect the new face value to ensure accurate settlement of trades from December 26, 2025 onwards.

Impact Justification

Standard bond redemption notice affecting specific debt security holders with clear timeline and reduced face value details