Description

BSE announces part redemption and reduced face value for three series of POWER GRID CORPORATION bonds effective February 2, 2026, with record date set for interest payment and partial redemption.

Summary

POWER GRID CORPORATION OF INDIA LIMITED has scheduled part redemption of three series of bonds with a record date of February 2, 2026. Trading in these bonds will commence with reduced face values effective from the same date. The circular covers three bond series: PGCL-7.40%-17-2-33-PVT, PGCIL-7.52%-23-3-33-PVT, and PGCIL-7.56%-31-3-33-PVT.

Key Points

  • Three bond series of POWER GRID CORPORATION undergoing part redemption
  • Record date set for February 2, 2026 for interest payment and part redemption
  • Trading will continue with reduced face values from February 2, 2026
  • Bond PGCL-7.40%-17-2-33-PVT (ISIN: INE752E08676, Code: 974593) reduced to Rs. 70,000 per bond
  • Bond PGCIL-7.52%-23-3-33-PVT (ISIN: INE752E08684, Code: 974698) reduced to Rs. 72,500 per bond
  • Bond PGCIL-7.56%-31-3-33-PVT (ISIN: INE752E08692, Code: 974737) reduced to Rs. 72,500 per bond
  • Effective settlement number: DR-811/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notice for bond redemption.

Compliance Requirements

  • Trading members must note the reduced face values for all three bond series
  • Trading members should ensure systems are updated to reflect new face values effective February 2, 2026
  • Bondholders on record as of February 2, 2026 will receive interest payment and partial redemption proceeds

Important Dates

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

Impact Assessment

This corporate action impacts holders of POWER GRID CORPORATION bonds in the debt segment. Bondholders will receive partial redemption proceeds and accrued interest, while continuing to hold bonds with reduced face values. The action provides partial liquidity to bondholders while maintaining ongoing bond positions. Trading members must update their systems to reflect the new face values to ensure accurate trading and settlement. Market impact is limited to specific bondholders and does not affect equity markets or broader trading operations.

Impact Justification

Routine corporate action affecting bondholders of POWER GRID bonds with part redemption and face value reduction; impacts debt segment investors