Description
BSE notifies trading members that Damodar Valley Corporation has fixed a record date of 09 March 2026 for part redemption of bonds and payment of interest, with trading to continue at reduced face value of Rs. 700,000 per bond effective the same date.
Summary
BSE has notified trading members that Damodar Valley Corporation (DVC) has fixed 09 March 2026 as the record date for part redemption of its bonds (scrip code DVC25MAR13, ISIN INE753F08028) along with payment of interest. From the effective date, trading in these bonds will take place at a reduced face value of Rs. 7,00,000 per bond under settlement DR-835/2025-2026.
Key Points
- Company: Damodar Valley Corporation
- Scrip Code / ISIN: DVC25MAR13 / INE753F08028 (972826)
- Record Date: 09 March 2026
- Purpose: Part redemption of bonds and payment of interest
- Reduced Face Value: Rs. 7,00,000 per bond
- Effective Date: 09 March 2026
- Settlement No.: DR-835/2025-2026
- Segment: Debt
- Notice No.: 20260305-24
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notice under BSE’s debt market segment rules requiring trading members to be informed of the revised face value prior to the effective date.
Compliance Requirements
- Trading members must note that bonds of DVC (DVC25MAR13 / ISIN INE753F08028) will trade at the reduced face value of Rs. 7,00,000 per bond with effect from 09 March 2026.
- Members should update their systems to reflect the revised face value for the applicable settlement (DR-835/2025-2026).
- Ensure all trades and settlements on and after the effective date use the reduced face value.
Important Dates
| Event | Date |
|---|---|
| Circular Date | 05 March 2026 |
| Record Date | 09 March 2026 |
| Effective Date for Reduced Face Value | 09 March 2026 |
Impact Assessment
This notice has a moderate and well-defined impact limited to holders and traders of Damodar Valley Corporation’s specific bond series (INE753F08028). The reduction in face value to Rs. 7,00,000 per bond reflects partial principal repayment, meaning bond holders will receive a portion of their principal back. Post-redemption, the bonds will continue to trade at the new reduced face value. No broader market disruption is expected as this is a routine debt corporate action in the BSE debt segment.
Impact Justification
Routine corporate action notice for part redemption of a specific bond series (INE753F08028) affecting holders of Damodar Valley Corporation bonds; limited to a single ISIN with defined effective date and settlement number.