Description
INDIGRID INFRASTRUCTURE TRUST has fixed March 16, 2026 as the Record Date for part redemption and interest payment on two series of Non-Convertible Debentures, with reduced face values effective the same date.
Summary
BSE has notified trading members that INDIGRID INFRASTRUCTURE TRUST has fixed March 16, 2026 as the Record Date for the purpose of Part Redemption and Payment of Interest on two series of Non-Convertible Debentures. Trading in these debentures will be conducted with reduced face values effective from the same date under Settlement No. DR-840/2025-2026.
Key Points
- Record Date for both NCD series is March 16, 2026
- Two debenture series are affected: IGT-7.70%-31-3-41-PVT (ISIN: INE219X07371, Code: 974781) and IGT-7.35%-31-3-38-INVIT (ISIN: INE219X07389, Code: 975036)
- IGT-7.70%-31-3-41-PVT will trade at a reduced face value of Rs. 90,000 per debenture effective March 16, 2026
- IGT-7.35%-31-3-38-INVIT will trade at a reduced face value of Rs. 85,712 per debenture effective March 16, 2026
- Both series fall under Settlement No. DR-840/2025-2026
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notification pursuant to existing BSE listing and compliance requirements for debt instruments.
Compliance Requirements
- Trading members must note the reduced face values for both NCD series effective March 16, 2026
- All trades in these debentures from the effective date must reflect the reduced face value as specified
- Members should update their systems to reflect Settlement No. DR-840/2025-2026 for these transactions
Important Dates
| Event | Date |
|---|---|
| Notice Date | March 12, 2026 |
| Record Date (both series) | March 16, 2026 |
| Effective Date for Reduced Face Value | March 16, 2026 |
| Settlement Number | DR-840/2025-2026 |
Impact Assessment
This notice has a medium impact limited to existing holders of the two INDIGRID INFRASTRUCTURE TRUST NCD series. Debenture holders as of the record date (March 16, 2026) will receive part redemption proceeds along with interest payments. The reduction in face value — to Rs. 90,000 for the 7.70% series and Rs. 85,712 for the 7.35% series — reflects partial principal repayment and will affect the trading price of these instruments post-record date. Trading members dealing in these debt instruments must ensure accurate pricing and settlement adjustments are applied from the effective date.
Impact Justification
Routine part redemption and interest payment notice affecting two NCD series of INDIGRID INFRASTRUCTURE TRUST; directly impacts debenture holders with reduced face values but limited broader market significance.