Description
BSE notifies trading members of suspension of trading in two series of Non-Convertible Debentures of U.P. Power Corporation Limited effective March 13, 2026, ahead of redemption and interest payment.
Summary
BSE has issued a notice (No. 20260311-65) directing trading members to suspend dealings in two series of Non-Convertible Debentures issued by U.P. Power Corporation Limited (UPPCL), effective March 13, 2026. The suspension is in connection with the scheduled redemption of debentures and payment of interest on the record date.
Key Points
- Trading in two UPPCL NCD series is suspended from March 13, 2026
- Record date for both series is March 13, 2026
- Purpose: Redemption of Debentures and Payment of Interest
- Both series are privately placed instruments
- Circular reference: DR-839/2025-2026
- Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No new regulatory changes. This is a standard operational notice under existing BSE debt market regulations requiring suspension of trading ahead of corporate action record dates.
Compliance Requirements
- Trading members must not deal in the specified UPPCL debentures from March 13, 2026 onwards
- Members are advised to take note and ensure no transactions are executed in these instruments from the no-dealings date
Important Dates
| Instrument | ISIN | Code | Record Date | No Dealings From |
|---|---|---|---|---|
| UPPCL-9.70%-30-3-26-PVT | INE540P07376 | 973879 | 13/03/2026 | 13/03/2026 |
| UPPCL-9.95%-31-3-26-PVT | INE540P07459 | 974282 | 13/03/2026 | 13/03/2026 |
Impact Assessment
The suspension affects holders and traders of these two specific UPPCL NCD series. As both instruments are approaching maturity (9.70% series maturing 30-Mar-2026 and 9.95% series maturing 31-Mar-2026), the trading suspension is a routine pre-redemption measure. Impact is limited to participants in the BSE debt segment holding or intending to trade these instruments. No broader market impact is anticipated.
Impact Justification
Routine suspension of trading ahead of NCD redemption and interest payment for two debenture series of a state power utility; affects only holders of these specific debt instruments.