Description

BSE notifies part redemption of bonds and payment of interest for Damodar Valley Corporation (DVC) with record date of 13 March 2026, resulting in reduced face value of Rs. 4,00,000 per bond effective the same date.

Summary

BSE has informed trading members that Damodar Valley Corporation (DVC) has fixed a record date of 13 March 2026 for the purpose of part redemption of bonds and payment of interest. Trading in the bonds will be with a reduced face value of Rs. 4,00,000 per bond effective from 13 March 2026 under settlement DR-839/2025-2026.

Key Points

  • Two DVC bond series are affected: DVC-14A-9.3%-30-3-27-A-PVT (INE753F07046, Code: 972730) and DVC-14B-9.3%-30-3-27-B-PVT (INE753F07038, Code: 972731)
  • Both series carry a coupon rate of 9.3% and mature on 30 March 2027
  • Record date for part redemption and interest payment is 13 March 2026
  • Reduced face value post-redemption: Rs. 4,00,000 per bond
  • Effective date for trading at reduced face value: 13 March 2026
  • Settlement reference: DR-839/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes. This is a corporate action notification pursuant to existing BSE listing and debt market operational guidelines.

Compliance Requirements

  • Trading members must note the reduced face value effective from 13 March 2026 for both bond series
  • All transactions in these bonds on and after the effective date must reflect the reduced face value of Rs. 4,00,000 per bond

Important Dates

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

Impact Assessment

This is a routine debt corporate action impacting holders of two privately placed DVC bond series. The part redemption reduces the outstanding face value of each bond to Rs. 4,00,000, reflecting a partial return of principal alongside scheduled interest payment. Impact is limited to bondholders and trading members dealing in these specific instruments on BSE’s debt market segment.

Impact Justification

Routine bond part redemption event affecting two specific debt instruments of Damodar Valley Corporation; relevant to holders of these bonds but limited broader market impact.