Description

POWER GRID CORPORATION OF INDIA LIMITED announces part redemption of three series of bonds with reduced face values effective February 2, 2026.

Summary

POWER GRID CORPORATION OF INDIA LIMITED has announced part redemption of bonds across three series with a record date of February 2, 2026. Trading in these bonds will commence with reduced face values from the same date. The action involves both interest payment and partial redemption of principal.

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 set for February 2, 2026 for interest payment and part redemption
  • Trading with reduced face values begins February 2, 2026 under settlement number DR-811/2025-2026
  • First bond series face value reduced to Rs. 70,000 per bond
  • Second and third bond series face values reduced to Rs. 72,500 per bond each

Regulatory Changes

No regulatory changes. This is a standard corporate action notification for debt securities.

Compliance Requirements

  • Trading members must note the record date of February 2, 2026
  • All trading in the affected bonds must reflect reduced face values from February 2, 2026 onwards
  • Settlement number DR-811/2025-2026 applies for transactions with reduced face values

Important Dates

  • Record Date: February 2, 2026 - Eligibility date 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 part redemption affects bondholders of three POWER GRID CORPORATION bond series in the debt segment. Bondholders will receive partial principal repayment along with interest. The reduced face values will impact future coupon calculations and trading prices. Trading members and investors must adjust their records and systems to reflect the new face values from February 2, 2026. This is a routine corporate action with moderate impact limited to holders of these specific bond series.

Impact Justification

Affects bondholders of three POWER GRID bond series with part redemption reducing face values. Standard corporate action with specific impact on debt segment investors.