Description

Notification of reduced face values for six series of Pass Through Certificates (PTCs) of India Universal Trust AL1 and AL2 following partial redemption, effective January 9, 2025.

Summary

Catalyst Trusteeship Limited has informed BSE of partial redemption of Pass Through Certificates (PTCs) for India Universal Trust AL1 and AL2 across three series (A1, A2, A3) each. The redemption results in reduced face values per PTC, which will be effective for trading from January 9, 2025. Trading members are required to note the new reduced face values for these six PTC securities.

Key Points

  • Six PTC series affected: India Universal Trust AL1 (Series A1, A2, A3) and AL2 (Series A1, A2, A3)
  • Partial redemption reduces face values significantly across all series
  • New face values range from Rs. 2,522,289.52 to Rs. 9,469,230.22 per PTC
  • Changes effective for trading from January 9, 2025
  • Issued by Catalyst Trusteeship Limited
  • Reference: DR-795/2025-2026

Regulatory Changes

No regulatory framework changes. This is a corporate action notification for partial redemption of debt securities.

Compliance Requirements

  • Trading members must note the reduced face values for all six PTC series
  • PTCs must be traded with the updated reduced face values from the effective date
  • Trading members should update their systems to reflect new face values

Important Dates

  • Notice Date: January 8, 2026
  • Effective Date for Trading: January 9, 2025 (Note: Date appears to be January 9, 2026 based on notice date)

Impact Assessment

Market Impact: Medium - affects specific debt securities holders

Operational Impact: Trading members must update face values in their systems before trading commences on the effective date.

Affected Securities:

  1. IUTA1 Series A1 (ISIN: INE16J715019, Scrip: 976050) - Reduced to Rs. 2,522,289.52 per PTC
  2. IUTA1 Series A2 (ISIN: INE16J715027, Scrip: 976051) - Reduced to Rs. 8,182,500.93 per PTC
  3. IUTA1 Series A3 (ISIN: INE16J715035, Scrip: 976052) - Reduced to Rs. 9,131,387.09 per PTC
  4. IUTAL2 Series A1 (ISIN: INE1CBK15011, Scrip: 976206) - Reduced to Rs. 3,550,489.68 per PTC
  5. IUTAL2 Series A2 (ISIN: INE1CBK15029, Scrip: 976207) - Reduced to Rs. 7,408,678.89 per PTC
  6. IUTAL2 Series A3 (ISIN: INE1CBK15037, Scrip: 976208) - Reduced to Rs. 9,469,230.22 per PTC

The partial redemption reflects scheduled principal payments on these pass-through certificates, which are common in securitized debt structures.

Impact Justification

Affects holders of specific PTC securities with significant face value reductions. Medium impact as it affects debt instruments with updated trading values from January 9, 2025.