Description

HVPNL bonds to trade with reduced face value of Rs. 250,000 per bond effective February 6, 2026, following part redemption and interest payment.

Summary

BSE has notified that Haryana Vidyut Prasaran Nigam Ltd (HVPNL) will undergo part redemption of its 8.62% bonds maturing on February 23, 2027. The bonds will trade with a reduced face value of Rs. 250,000 per bond effective February 6, 2026. The record date for determining eligible bondholders for interest payment and part redemption has been set as February 6, 2026.

Key Points

  • ISIN: INE535N08064 (Scrip Code: 951716)
  • Bond: HVPNL 8.62% maturing February 23, 2027 (Private Placement)
  • Record date for part redemption and interest payment: February 6, 2026
  • Reduced face value: Rs. 250,000 per bond
  • Effective date for reduced face value trading: February 6, 2026
  • Settlement number: DR-815/2025-2026

Regulatory Changes

No new regulatory changes. This is a standard corporate action notification for bond part redemption.

Compliance Requirements

  • Trading members must note that bonds will trade with reduced face value from February 6, 2026
  • All trading systems must be updated to reflect the new face value of Rs. 250,000 per bond
  • Bondholders as on record date (February 6, 2026) will be eligible for interest payment and part redemption proceeds

Important Dates

  • February 4, 2026: Circular issue date
  • February 6, 2026: Record date for interest payment and part redemption
  • February 6, 2026: Effective date for trading with reduced face value (Settlement DR-815/2025-2026)

Impact Assessment

Market Impact: Medium - Affects bondholders of HVPNL’s privately placed 8.62% bonds. The part redemption will return capital to bondholders while reducing the outstanding bond value.

Operational Impact: Trading members must update their systems to reflect the reduced face value. The bonds will continue trading but at the lower face value, which affects price calculations and settlement values.

Investor Impact: Bondholders on record date will receive part redemption proceeds plus accrued interest. Future trading will be based on the reduced face value of Rs. 250,000 per bond.

Impact Justification

Standard corporate action affecting bond investors of HVPNL with specific impact on trading mechanics and face value reduction