Description

U.P.POWER CORPORATION LIMITED has fixed record date for payment of interest and part redemption of non-convertible debentures, with reduced face value effective from January 5, 2026.

Summary

U.P.POWER CORPORATION LIMITED (ISIN: INE540P07251, Code: 957208) has announced part redemption of its 9.75% non-convertible debentures maturing on October 20, 2026. The record date has been set as January 5, 2026, for both interest payment and part redemption. Following the part redemption, the face value of each debenture will be reduced to Rs. 750,000 per debenture, effective from January 5, 2026 under settlement number DR-791/2025-2026.

Key Points

  • Company: U.P.POWER CORPORATION LIMITED
  • ISIN: INE540P07251
  • Scrip Code: 957208
  • Debenture: UPPCL-9.75%-20-10-26-PVT
  • Record Date: January 5, 2026
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced Face Value: Rs. 750,000 per debenture
  • Trading with reduced face value begins: January 5, 2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action pursuant to the terms of the debenture issuance.

Compliance Requirements

  • Trading members must note that trading in these debentures will be conducted with the reduced face value of Rs. 750,000 per debenture from January 5, 2026
  • Settlement number DR-791/2025-2026 applies for transactions with reduced face value
  • Debenture holders on record as of January 5, 2026, will be eligible for interest payment and part redemption proceeds

Important Dates

  • Notice Date: January 1, 2026
  • Record Date: January 5, 2026 (for interest payment and part redemption eligibility)
  • Effective Date for Reduced Face Value Trading: January 5, 2026
  • Settlement Number: DR-791/2025-2026

Impact Assessment

Market Impact: Medium - affects holders of UPPCL non-convertible debentures trading on the debt segment.

Operational Impact: Trading members must update their systems to reflect the reduced face value of Rs. 750,000 per debenture from January 5, 2026. This impacts pricing, position calculations, and settlement processes for this specific debt instrument.

Investor Impact: Debenture holders will receive partial redemption proceeds along with interest payment. The remaining investment will continue with reduced face value until final maturity on October 20, 2026. Investors should adjust their portfolio valuations and yield calculations accordingly.

Impact Justification

Routine corporate action affecting debenture holders of U.P.POWER CORPORATION LIMITED with specific impact on debt instrument valuation and trading parameters