Description

Trading suspended for UPPCL debentures (INE540P07335) from January 5, 2026 due to redemption and interest payment with record date set for the same day.

Summary

BSE has announced the suspension of trading in Non-Convertible Debentures of U.P.Power Corporation Limited (UPPCL) effective January 5, 2026. The suspension is implemented to facilitate the redemption of debentures and payment of interest, with the record date fixed as January 5, 2026. Trading members are advised not to deal in the specified debentures from the suspension date.

Key Points

  • Trading suspension applies to UPPCL 10.15% debentures (ISIN: INE540P07335, Code: 957808)
  • Record date for redemption and interest payment: January 5, 2026
  • No dealings permitted from January 5, 2026 onwards
  • Notice reference: DR-791/2025-2026
  • Circular issued on December 31, 2025

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action procedure for debenture redemption and interest payment.

Compliance Requirements

  • Trading members must not execute any trades in the specified UPPCL debentures from January 5, 2026
  • All trading members are required to take note of this suspension and ensure compliance
  • Members should update their systems to prevent inadvertent trading in the suspended securities

Important Dates

  • December 31, 2025: Circular issued
  • January 5, 2026: Record date for redemption and interest payment
  • January 5, 2026: Trading suspension effective date (no dealings from this date)

Impact Assessment

Market Impact: Limited to holders of specific UPPCL debenture series. The suspension is temporary and procedural, affecting only the identified ISIN (INE540P07335).

Investor Impact: Debenture holders of record as of January 5, 2026 will receive their interest payment and redemption proceeds. No trading opportunities available after the suspension date.

Operational Impact: Trading members must ensure their systems are updated to block trades in the suspended debentures to avoid settlement issues or regulatory breaches.

Impact Justification

Routine trading suspension for debenture redemption and interest payment affecting specific debt instrument holders only