Description

BSE notifies trading members of part redemption of non-convertible debentures of IOT Utkal Energy Services Limited with record date of 13 March 2026, resulting in reduced face values effective the same date.

Summary

BSE has informed trading members that IOT Utkal Energy Services Limited has fixed 13 March 2026 as the record date for payment of interest and part redemption of its Non-Convertible Debentures (NCDs). Following the redemption, trading in the debentures will occur at reduced face values effective 13 March 2026 under settlement DR-839/2025-2026.

Key Points

  • Two series of NCDs are subject to part redemption and interest payment.
  • Record date for both series: 13 March 2026.
  • First series (ISIN INE310L07AD3, Scrip Code 950208, Code 1063IOT28F): Reduced face value of Rs. 57,627.12 per debenture.
  • Second series (ISIN INE310L07AE1, Scrip Code 952676, Code IOT-9.02%-20-10-28-PVT): Reduced face value of Rs. 18,164 per debenture.
  • Effective date for reduced face value trading: 13 March 2026.
  • Settlement number: DR-839/2025-2026.

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action under BSE’s debt segment operational framework requiring debenture face value adjustment post partial redemption.

Compliance Requirements

  • Trading members must note the revised face values for both debenture series effective 13 March 2026.
  • All trades in these debentures from the effective date must reflect the reduced face values.
  • Members should update their systems to reflect the new face values under settlement DR-839/2025-2026.

Important Dates

  • Record Date: 13 March 2026
  • Effective Date for Reduced Face Value Trading: 13 March 2026
  • Settlement Reference: DR-839/2025-2026
  • Circular Date: 11 March 2026

Impact Assessment

This part redemption affects holders of two NCD series issued by IOT Utkal Energy Services Limited. Debenture holders will receive partial principal repayment along with accrued interest on the record date. Post-redemption, the face value of both series will be reduced, and secondary market trading will reflect the new lower face values. The impact is limited to existing NCD holders and trading members dealing in these specific debt instruments.

Impact Justification

Routine part redemption of NCDs affecting debenture holders of IOT Utkal Energy Services Limited across two ISIN codes; trading will continue with reduced face values post record date.