Description

Damodar Valley Corporation has fixed a record date of 09 March 2026 for part redemption of bonds and payment of interest, with trading in bonds to continue at a reduced face value of Rs. 700,000 per bond effective the same date.

Summary

Damodar Valley Corporation (DVC) has announced a record date of 09 March 2026 for part redemption of its bonds (ISIN: INE753F08028, Code: DVC25MAR13) along with payment of interest. Effective the same date, trading in these bonds will be carried out at a reduced face value of Rs. 700,000 per bond under settlement DR-835/2025-2026.

Key Points

  • Company: Damodar Valley Corporation
  • Bond Code: DVC25MAR13
  • ISIN: INE753F08028 (Scrip Code: 972826)
  • Record Date: 09 March 2026
  • Purpose: Part Redemption of Bonds and Payment of Interest
  • Reduced Face Value: Rs. 700,000 per bond
  • Effective Date for Reduced Face Value: 09 March 2026
  • Settlement Number: DR-835/2025-2026

Regulatory Changes

No new regulatory changes introduced. This circular is a standard corporate action notification informing trading members of the reduced face value applicable post-record date.

Compliance Requirements

Trading members are required to note that from 09 March 2026, all trades in DVC bonds (DVC25MAR13 / INE753F08028) must be executed at the reduced face value of Rs. 700,000 per bond. Members should update their systems and inform clients accordingly.

Important Dates

  • Record Date: 09 March 2026
  • Effective Date for Reduced Face Value: 09 March 2026
  • Settlement: DR-835/2025-2026
  • Circular Date: 05 March 2026

Impact Assessment

This part redemption will reduce the face value of DVC bonds from the current level to Rs. 700,000 per bond effective 09 March 2026. Bond holders will receive a partial return of principal along with interest on the record date. Trading members and investors holding these bonds should account for the change in face value in their portfolio valuations and trading strategies. The impact is limited to holders of the specific bond series DVC25MAR13.

Impact Justification

Routine part redemption event affecting bond traders holding DVC bonds; reduced face value impacts pricing and settlement but is limited to a specific bond series.