Description

Damodar Valley Corporation has fixed a record date of 13 March 2026 for part redemption of bonds and payment of interest on two bond series (DVC-14A and DVC-14B), with reduced face value of Rs. 4,00,000 per bond effective the same date.

Summary

Damodar Valley Corporation (DVC) has announced a record date of 13 March 2026 for the purpose of part redemption of bonds and payment of interest on two bond series: DVC-14A (INE753F07046, scrip code 972730) and DVC-14B (INE753F07038, scrip code 972731). Trading in these bonds will be conducted with a reduced face value effective from 13 March 2026.

Key Points

  • Record date fixed: 13 March 2026 for both bond series
  • Purpose: Part Redemption of Bonds and Payment of Interest
  • Reduced Face Value: Rs. 4,00,000 per bond for both series
  • Effective Date for Reduced Face Value: 13 March 2026
  • Settlement reference: DR-839/2025-2026
  • Bond Series 1: DVC-14A-9.3%-30-3-27-A-PVT | ISIN: INE753F07046 | Scrip Code: 972730
  • Bond Series 2: DVC-14B-9.3%-30-3-27-B-PVT | ISIN: INE753F07038 | Scrip Code: 972731
  • Both series carry a coupon rate of 9.3% and mature on 30 March 2027

Regulatory Changes

No new regulatory changes. This is a standard corporate action notice under BSE’s debt segment framework requiring trading members to update bond face values post-redemption.

Compliance Requirements

  • Trading members must note the reduced face value of Rs. 4,00,000 per bond for both DVC bond series effective 13 March 2026.
  • All trades in these securities from the effective date must reflect the reduced face value.
  • Members should ensure their systems are updated to reflect Settlement No. DR-839/2025-2026.

Important Dates

  • Record Date: 13 March 2026
  • Effective Date for Reduced Face Value: 13 March 2026
  • Settlement Number: DR-839/2025-2026
  • Bond Maturity Date: 30 March 2027

Impact Assessment

This is a routine part redemption event affecting holders of Damodar Valley Corporation’s privately placed bonds (14A and 14B series). Existing bondholders will receive partial principal repayment along with interest on the record date. From 13 March 2026, trading in both bond series will occur at the reduced face value of Rs. 4,00,000 per bond. The impact is limited to current bondholders and trading members dealing in DVC debt securities on BSE’s debt market segment.

Impact Justification

Routine part redemption and interest payment action on two privately placed bond series of a public sector entity; impacts existing bondholders with reduced face value from 13 March 2026.