Description

CUBE HIGHWAYS TRUST has fixed a record date of 16 March 2026 for part redemption of non-convertible debentures and payment of interest, with trading in reduced face value effective from the same date.

Summary

BSE has notified trading members that CUBE HIGHWAYS TRUST has fixed a record date of 16 March 2026 for the purpose of payment of interest and part redemption on its Non-Convertible Debentures (NCDs). Trading in these debentures will be with a reduced face value effective from 16 March 2026.

Key Points

  • CUBE HIGHWAYS TRUST has announced part redemption of NCDs along with interest payment
  • Record date is fixed as 16 March 2026
  • Debenture series: CHT-7.67-31-12-42-INVITS (ISIN: INE0NR607033, Scrip Code: 976397)
  • Reduced face value post-redemption: Rs. 98,750 per debenture
  • Effective date for reduced face value trading: 16 March 2026
  • Settlement number: DR-840/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes. This is a standard corporate action notification under existing debt market regulations requiring members to trade the debentures at the reduced face value from the effective date.

Compliance Requirements

  • Trading members must note that debentures of CUBE HIGHWAYS TRUST (ISIN: INE0NR607033) must be traded with a reduced face value of Rs. 98,750 per debenture with effect from 16 March 2026
  • Members should update their systems to reflect the reduced face value from the effective date

Important Dates

  • Record Date: 16 March 2026 (for interest payment and part redemption)
  • Effective Date for Reduced Face Value Trading: 16 March 2026
  • Settlement Number: DR-840/2025-2026
  • Notice Date: 12 March 2026

Impact Assessment

This circular affects holders and traders of CUBE HIGHWAYS TRUST NCDs (scrip code 976397). The part redemption reduces the face value of the debenture to Rs. 98,750 per debenture from the effective date. The impact is limited to participants in the debt segment holding or trading this specific InvIT debenture series. Debenture holders will receive partial principal repayment along with interest on the record date.

Impact Justification

Routine part redemption of NCDs with reduced face value notification affecting holders of CUBE HIGHWAYS TRUST debentures (scrip code 976397); limited to specific debt instrument holders.