Description

IOT UTKAL ENERGY SERVICES LIMITED announces part redemption of non-convertible debentures with reduced face values effective January 13, 2026.

Summary

IOT UTKAL ENERGY SERVICES LIMITED has announced part redemption of its non-convertible debentures with record date set for January 13, 2026. Two series of debentures will have reduced face values effective from the same date. Trading members are notified that trading will commence with the reduced face values from January 13, 2026 under settlement DR-797/2025-2026.

Key Points

  • Two debenture series affected: INE310L07AB7 (Code: 950205) and INE310L07AE1 (Code: 952676)
  • Record date for part redemption: January 13, 2026
  • Trading with reduced face value begins: January 13, 2026
  • Settlement number: DR-797/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for part redemption of debentures.

Compliance Requirements

  • Trading members must note the reduced face values effective from January 13, 2026
  • Trading in affected debentures to be conducted at new face values from the effective date
  • Members must update their systems to reflect the face value changes for proper settlement

Important Dates

  • Notice Date: January 7, 2026 (Notice No. 20260107-12)
  • Record Date: January 13, 2026
  • Effective Date for Reduced Face Value: January 13, 2026
  • Settlement: DR-797/2025-2026

Impact Assessment

Debenture Details and Face Value Reductions:

Series 1: 1063IOT28D (ISIN: INE310L07AB7)

  • New reduced face value: Rs. 57,627.12 per debenture

Series 2: IOT-9.02%-20-10-28-PVT (ISIN: INE310L07AE1)

  • New reduced face value: Rs. 19,680 per debenture

Market Impact:

  • Direct impact limited to debenture holders of IOT UTKAL ENERGY SERVICES LIMITED
  • Part redemption returns capital to debenture holders while maintaining active securities with reduced face values
  • No broader market implications beyond affected security holders
  • Trading members dealing in these securities must adjust pricing and valuation models accordingly

Impact Justification

Part redemption affects specific debenture holders with face value reductions; limited broader market impact but important for debt security holders of IOT UTKAL ENERGY SERVICES LIMITED