Description

POWER GRID CORPORATION OF INDIA LIMITED has fixed record date 02/02/2026 for part redemption of bonds and payment of interest, with trading to commence at reduced face values.

Summary

POWER GRID CORPORATION OF INDIA LIMITED has announced part redemption of three series of bonds with record date fixed as February 2, 2026. Trading in these bonds will commence with reduced face values effective from the record date in settlement DR-811/2025-2026.

Key Points

  • Three bond series affected: PGCL-7.40%-17-2-33-PVT (INE752E08676), PGCIL-7.52%-23-3-33-PVT (INE752E08684), and PGCIL-7.56%-31-3-33-PVT (INE752E08692)
  • Record date for part redemption and interest payment: February 2, 2026
  • First bond series (PGCL-7.40%) reduced face value: Rs. 70,000 per bond
  • Second and third bond series (PGCIL-7.52% and 7.56%) reduced face value: Rs. 72,500 per bond
  • Trading with reduced face values effective from February 2, 2026
  • Settlement number: DR-811/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notice.

Compliance Requirements

  • Trading members must note the reduced face values for the affected bonds
  • Trading in these bonds will be conducted at reduced face values from the effective date
  • Members should update their systems to reflect the new face values for trading purposes

Important Dates

  • Record Date: February 2, 2026 - For determining bondholders eligible for part redemption and interest payment
  • Effective Date: February 2, 2026 - Trading commences with reduced face values
  • Settlement: DR-811/2025-2026

Impact Assessment

This part redemption affects bondholders of three POWER GRID bond series. The reduction in face value from the original amounts to Rs. 70,000 and Rs. 72,500 represents a return of capital to bondholders. Trading members need to adjust their systems and processes to account for the reduced face values. The impact is limited to debt market participants holding or trading these specific bond series.

Impact Justification

Routine corporate action affecting bondholders of POWER GRID bonds with part redemption and reduced face values effective from record date