Description

FRIEZA 06 2025 announces part redemption of PTCs with record date January 1, 2026, reducing face value from Rs. 1.00 to Rs. 0.60 per PTC.

Summary

BSE has notified trading members about the part redemption of Pass Through Certificates (PTCs) issued by FRIEZA 06 2025 (ISIN: INE26SJ15017, Code: 976876). The record date for this part redemption is January 1, 2026, and trading in the PTCs will commence with reduced face value effective from the same date.

Key Points

  • FRIEZA 06 2025 PTCs undergoing part redemption process
  • Record date fixed as January 1, 2026
  • Face value reduced from Rs. 1.00 to Rs. 0.60 per PTC (reduction of Rs. 0.40)
  • Trading with reduced face value starts January 1, 2026
  • Settlement number: DR-789/2025-2026
  • ISIN: INE26SJ15017
  • BSE Code: 976876

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification regarding debt securities redemption.

Compliance Requirements

  • Trading members must note the change in face value for settlement purposes
  • All trades executed on or after January 1, 2026 will be settled at the reduced face value of Rs. 0.60 per PTC
  • Trading members should update their systems to reflect the reduced face value from the effective date

Important Dates

  • Record Date: January 1, 2026 - Determines eligibility for part redemption
  • Effective Date: January 1, 2026 - Trading begins with reduced face value of Rs. 0.60
  • Settlement: DR-789/2025-2026
  • Circular Issue Date: December 30, 2025

Impact Assessment

Market Impact: Limited to holders of FRIEZA 06 2025 PTCs. The part redemption represents a 40% reduction in face value, returning Rs. 0.40 per PTC to investors.

Operational Impact: Trading members must ensure their systems reflect the new face value from January 1, 2026 to avoid settlement discrepancies. The reduction in face value affects the trading price and settlement calculations for all transactions post-effective date.

Investor Impact: PTC holders on record date (January 1, 2026) will receive partial redemption payment while retaining securities with reduced face value, affecting yield calculations and investment positions.

Impact Justification

Routine corporate action affecting debt security holders with specific face value reduction; requires attention for settlement purposes but limited broader market impact