Description

BSE notifies trading members that Rajasthan Rajya Vidyut Prasaran Nigam Limited has fixed a record date of 07/03/2026 for part redemption of bonds and payment of interest, with reduced face value of Rs.4,00,000 per bond effective 06/03/2026.

Summary

BSE has informed trading members that Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPN) has fixed the record date for part redemption of its bonds and simultaneous payment of interest. The bond’s face value will be reduced post-redemption, and trading will continue with the reduced face value from the effective date.

Key Points

  • Company: Rajasthan Rajya Vidyut Prasaran Nigam Limited
  • Bond Series: RRVPN-8.69%-23-3-27-PVT
  • ISIN: INE572F08089 (BSE Code: 951844)
  • Record Date: 07/03/2026
  • Purpose: Part Redemption of Bonds and Payment of Interest
  • Reduced Face Value: Rs.4,00,000 per bond
  • Effective Date for Reduced Face Value Trading: 06/03/2026
  • Settlement Reference: DR-834/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification under BSE’s debt market segment procedures for part redemption events.

Compliance Requirements

  • Trading members must update their systems to reflect the reduced face value of Rs.4,00,000 per bond effective 06/03/2026.
  • All trades in the bonds of RRVPN (ISIN: INE572F08089) from the effective date must be executed at the revised reduced face value.
  • Members should note the record date of 07/03/2026 for determining eligibility for interest payment and part redemption proceeds.

Important Dates

  • Circular Date: 23 February 2026
  • Effective Date (Reduced Face Value trading begins): 06 March 2026 (Settlement: DR-834/2025-2026)
  • Record Date (Interest & Part Redemption): 07 March 2026

Impact Assessment

This circular has a medium impact on participants in the debt market segment. Existing bondholders of RRVPN’s 8.69% bond (maturing 23-Mar-2027) will receive partial principal repayment along with interest on the record date. Post-redemption, the face value per bond reduces to Rs.4,00,000, which will lower the traded value and interest accruals on the remaining principal for subsequent periods. Trading members and custodians must ensure accurate settlement and updated face value in their systems from 06/03/2026 to avoid trade discrepancies.

Impact Justification

Routine corporate action affecting bondholders of a single debt instrument; trading members must note reduced face value effective date for settlement purposes.