Description

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

Summary

BSE has notified that U.P.POWER CORPORATION LIMITED has fixed January 5, 2026 as the record date for payment of interest and part redemption of its non-convertible debentures (ISIN: INE540P07251, Code: 957208). Following the part redemption, trading in these debentures will resume with a reduced face value of Rs. 750,000 per debenture, effective from January 5, 2026 under settlement number DR-791/2025-2026.

Key Points

  • Debenture ISIN: INE540P07251 (Code: 957208)
  • Security: UPPCL-9.75%-20-10-26-PVT (9.75% coupon rate)
  • Record date: January 5, 2026
  • Purpose: Part redemption of debentures and payment of interest
  • New reduced face value: Rs. 750,000 per debenture
  • Effective date for reduced face value trading: January 5, 2026
  • Settlement number: DR-791/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification for part redemption of debt securities.

Compliance Requirements

  • Trading members must note that debentures will trade at the reduced face value of Rs. 750,000 per debenture from the effective date
  • All trades executed on or after January 5, 2026 will reflect the reduced face value
  • Trading members should update their systems to reflect the new face value for accurate settlement

Important Dates

  • Record Date: January 5, 2026 - Eligibility cut-off for interest payment and part redemption
  • Effective Date: January 5, 2026 - Trading commences with reduced face value of Rs. 750,000
  • Settlement: DR-791/2025-2026

Impact Assessment

Market Impact: Limited to holders of U.P.POWER CORPORATION LIMITED’s non-convertible debentures. The part redemption will return capital to debenture holders while reducing the outstanding principal amount.

Operational Impact: Trading members must ensure their systems reflect the reduced face value from January 5, 2026 to ensure accurate pricing and settlement. The reduction in face value indicates partial capital return to investors, with the remaining principal continuing to earn the 9.75% coupon rate until maturity in October 2026.

Investor Impact: Debenture holders on record as of January 5, 2026 will receive interest payment and partial redemption of principal. Post-redemption, the investment size per debenture will be Rs. 750,000, affecting yield calculations and portfolio valuations.

Impact Justification

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