Description

BSE notifies trading members of part redemption and interest payment on NCDs of Adani Transmission Step-Two Limited, with reduced face value effective 13 March 2026.

Summary

BSE has informed trading members that Adani Transmission Step-Two Limited has fixed a Record Date of 13 March 2026 for part redemption of its Non-Convertible Debentures (NCDs) and payment of interest. Trading in the debentures will occur with a reduced face value effective from the same date.

Key Points

  • Company: Adani Transmission Step-Two Limited
  • Debenture Series: ATSTL-7.70%-31-12-26-PVT
  • ISIN: INE0YRB07076 (Scrip Code: 977232)
  • Record Date: 13 March 2026
  • Purpose: Part Redemption of Debentures and Payment of Interest
  • Reduced Face Value: Rs. 99,725.28 per debenture
  • Effective Date: 13 March 2026
  • Settlement Number: DR-839/2025-2026

Regulatory Changes

No new regulatory changes. This is a corporate action notice issued under existing BSE debt segment operational procedures for part redemption events.

Compliance Requirements

  • Trading members must note the reduced face value of Rs. 99,725.28 per debenture effective 13 March 2026.
  • All trades in the debenture (ISIN INE0YRB07076) from the effective date must reflect the reduced face value.
  • Members should update their systems accordingly for the settlement DR-839/2025-2026.

Important Dates

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

Impact Assessment

This part redemption reduces the face value of each debenture from its previous level to Rs. 99,725.28. The impact is confined to holders and traders of the specific NCD series (ISIN INE0YRB07076) in BSE’s debt market segment. Debt segment participants must adjust pricing and valuation accordingly from 13 March 2026. The 7.70% coupon rate remains unchanged for the remaining tenure until 31 December 2026.

Impact Justification

Routine part redemption of privately placed NCDs affecting NCD holders and debt segment traders; reduced face value impacts pricing but scope is limited to a single debenture series.