Description
IOT UTKAL ENERGY SERVICES LIMITED has fixed record date for part redemption of non-convertible debentures with reduced face values effective from January 13, 2026.
Summary
BSE has notified that IOT UTKAL ENERGY SERVICES LIMITED will conduct part redemption of its non-convertible debentures with a record date of January 13, 2026. Two series of debentures are affected: INE310L07AB7 (Code: 950205) with reduced face value of Rs. 57,627.12 per debenture, and INE310L07AE1 (Code: 952676) with reduced face value of Rs. 19,680 per debenture. Trading in these debentures will occur at reduced face values effective from January 13, 2026 under settlement DR-797/2025-2026.
Key Points
- Part redemption of non-convertible debentures by IOT UTKAL ENERGY SERVICES LIMITED
- Two debenture series affected: 1063IOT28D (INE310L07AB7) and IOT-9.02%-20-10-28-PVT (INE310L07AE1)
- Record date fixed for January 13, 2026
- Trading will be conducted with reduced face values from the effective date
- Notice issued by Assistant Vice President - Listing Compliance and Operations
Regulatory Changes
No new regulatory changes introduced. This is a corporate action notice for part redemption of existing debt securities in accordance with established BSE procedures for debenture redemptions.
Compliance Requirements
- Trading members must note that trading in the specified debentures will be conducted with reduced face values
- Trading members should ensure their systems reflect the new reduced face values effective from January 13, 2026
- All trades from the effective date must be executed at the reduced face values
Important Dates
- Notice Date: January 7, 2026 (Notice No. 20260107-12)
- Record Date: January 13, 2026
- Effective Date of Reduced Face Value: January 13, 2026
- Settlement Number: DR-797/2025-2026
Impact Assessment
Debenture Holders: Directly impacted as they will receive partial redemption proceeds. The face value reduction indicates the portion of principal being returned. For INE310L07AB7, the new face value is Rs. 57,627.12 per debenture, and for INE310L07AE1, it is Rs. 19,680 per debenture.
Trading Members: Must update trading systems to reflect reduced face values for both debenture series from January 13, 2026 onwards.
Market Impact: Limited to debt segment participants holding or trading these specific debentures. No broader equity market impact expected.
Liquidity: Trading will continue post-redemption but at reduced face values, which may affect pricing calculations and accrued interest computations.
Impact Justification
Part redemption of debentures affects debt security holders with reduced face values; material event for debenture holders but limited broader market impact