Description
INDIGRID INFRASTRUCTURE TRUST has fixed a Record Date of 16 March 2026 for part redemption of two series of Non-Convertible Debentures (IGT-7.70% and IGT-7.35%) along with payment of interest, effective from the same date under settlement DR-840/2025-2026.
Summary
BSE has notified trading members that INDIGRID INFRASTRUCTURE TRUST has fixed 16 March 2026 as the Record Date for part redemption and interest payment on two series of Non-Convertible Debentures. Trading in these debentures will occur at a reduced face value effective from 16 March 2026 under settlement number DR-840/2025-2026.
Key Points
- Record Date for both debenture series is 16 March 2026
- Two NCD series are affected: IGT-7.70%-31-3-41-PVT (Code: 974781, ISIN: INE219X07371) and IGT-7.35%-31-3-38-INVIT (Code: 975036, ISIN: INE219X07389)
- IGT-7.70% series: Reduced Face Value set at Rs. 90,000 per debenture
- IGT-7.35% series: Reduced Face Value set at Rs. 85,712 per debenture
- Both series will trade at reduced face value effective 16 March 2026
- Settlement number: DR-840/2025-2026
Regulatory Changes
No new regulatory changes. This is a scheduled corporate action (part redemption) under existing debt market segment rules for privately placed NCDs.
Compliance Requirements
- Trading members must note the reduced face values for both debenture series effective 16 March 2026
- All trades in these debentures from the effective date must reflect the reduced face values as specified
- Members should update their systems to reflect the new face values under settlement DR-840/2025-2026
Important Dates
| Event | Date |
|---|---|
| Circular Date | 12 March 2026 |
| Record Date | 16 March 2026 |
| Effective Date for Reduced Face Value | 16 March 2026 |
| Settlement Number | DR-840/2025-2026 |
Impact Assessment
This corporate action directly affects holders of INDIGRID INFRASTRUCTURE TRUST’s two NCD series. The part redemption reduces the outstanding face value of each debenture — IGT-7.70% series to Rs. 90,000 and IGT-7.35% series to Rs. 85,712 per debenture — alongside an interest payment. Market impact is limited to existing debenture holders in the debt segment; equity markets are unaffected. Trading members must ensure correct pricing and settlement from 16 March 2026 onwards.
Impact Justification
Routine part redemption of privately placed NCDs affecting two debenture series of INDIGRID INFRASTRUCTURE TRUST; impacts existing debenture holders with reduced face values but is a scheduled corporate action.