Description

Trading suspended in UPPCL debentures (INE540P07335) from January 5, 2026 due to redemption and interest payment record date.

Summary

BSE has announced the suspension of trading in non-convertible debentures (NCDs) of U.P.Power Corporation Limited (UPPCL) with ISIN INE540P07335 (Code: 957808) effective January 5, 2026. The suspension is due to the company fixing the record date for redemption of debentures and payment of interest. Trading members are advised not to deal in these specific debentures from the suspension date.

Key Points

  • Trading suspension applies to UPPCL 10.15% NCDs maturing on January 20, 2026
  • ISIN: INE540P07335, BSE Code: 957808
  • Record date set for January 5, 2026
  • Purpose: Redemption of debentures and payment of interest
  • No dealings permitted from January 5, 2026
  • Circular reference: DR-791/2025-2026

Regulatory Changes

No regulatory changes. This is a standard market operation notice for debt securities approaching maturity.

Compliance Requirements

  • Trading members must not execute any trades in the specified UPPCL debentures from January 5, 2026
  • Trading members are required to take note of the suspension and ensure compliance
  • No new positions should be created in these debentures

Important Dates

  • December 31, 2025: Circular issued
  • January 5, 2026: Record date for redemption and interest payment; trading suspension begins
  • January 20, 2026: Debenture maturity date (as per series name)

Impact Assessment

Market Impact: Low. This is a routine administrative suspension affecting a single series of non-convertible debentures nearing maturity. The suspension ensures orderly settlement for redemption and interest payment processes.

Investor Impact: Debenture holders will receive their redemption proceeds and final interest payment. No trading activity will be possible from the record date, which is standard practice for maturing debt securities.

Operational Impact: Trading members need to update their systems to block trading in this specific ISIN from January 5, 2026.

Impact Justification

Routine administrative suspension for specific debenture series ahead of redemption. Limited market impact as it affects single NCD series of one issuer.