Description
Part redemption of Pass Through Certificates (PTCs) of FRIEZA 06 2025 with reduced face value effective January 30, 2026.
Summary
BSE has notified trading members about the part redemption of Pass Through Certificates (PTCs) of FRIEZA 06 2025. The face value will be reduced to Rs. 0.53 per PTC effective January 30, 2026, following the record date of February 1, 2026 set for payment of interest and part redemption.
Key Points
- Security: FRIEZA 06 2025 (ISIN: INE26SJ15017, Code: 976876)
- Record Date: February 1, 2026
- Purpose: Part redemption of PTCs and payment of interest
- Reduced Face Value: Rs. 0.53 per PTC
- Trading with reduced face value begins: January 30, 2026
- Settlement Number: DR-809/2025-2026
Regulatory Changes
No regulatory changes announced. This is a standard corporate action notification.
Compliance Requirements
- Trading members must note that trading in FRIEZA 06 2025 PTCs will be conducted with the reduced face value of Rs. 0.53 per PTC from the effective date
- Trading members should update their systems to reflect the new face value for settlement purposes
Important Dates
- January 20, 2026: Circular issue date
- January 30, 2026: Effective date for trading with reduced face value (Settlement DR-809/2025-2026)
- February 1, 2026: Record date for interest payment and part redemption
Impact Assessment
This is a specific corporate action affecting only holders of FRIEZA 06 2025 PTCs. The part redemption will reduce the outstanding face value of the instrument, which is a normal part of the PTC lifecycle. Trading members dealing in this security need to ensure their systems reflect the new face value from January 30, 2026. The impact is limited to investors holding this particular debt instrument and does not have broader market implications.
Impact Justification
Routine corporate action involving part redemption and interest payment for specific debt instrument with limited market-wide impact