Description
BSE notifies trading members of Vertis Infrastructure Trust's record date for part redemption and interest payment on two NCD series, with reduced face values effective 16 March 2026.
Summary
BSE has notified trading members that Vertis Infrastructure Trust has fixed 16 March 2026 as the Record Date for part redemption of Non-Convertible Debentures and payment of interest on two NCD series. Trading in these debentures will be with reduced face values effective from the same date under settlement number DR-840/2025-2026.
Key Points
- Two NCD series of Vertis Infrastructure Trust are subject to part redemption and interest payment
- Record Date for both series: 16 March 2026
- Series 1 (INE0KXY07026, Code 974227): VIT-8.25%-22-9-29-PVT — reduced face value Rs. 9,55,000/- per debenture
- Series 2 (INE0KXY07042, Code 976771): VIT-7.40%-31-12-41-INVIT — reduced face value Rs. 99,690/- per debenture
- Both series effective from 16 March 2026 under settlement 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 BSE’s debt segment operational procedures requiring trading with reduced face value post-redemption.
Compliance Requirements
- Trading members must note the reduced face values for both NCD 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 settlement number DR-840/2025-2026 for these transactions
Important Dates
- Record Date: 16 March 2026
- Effective Date for Reduced Face Value: 16 March 2026
- Settlement Number: DR-840/2025-2026
- Notice Date: 12 March 2026
Impact Assessment
This circular impacts trading members dealing in Vertis Infrastructure Trust’s debt securities on BSE’s debt market segment. The part redemption reduces the face value of both NCD series, which will affect pricing and valuation of these instruments. Series 1 sees a significant reduction (to Rs. 9,55,000 per debenture) while Series 2 reduces to Rs. 99,690 per debenture. Members holding or trading these instruments must account for the new face values from 16 March 2026 onwards. The impact is limited to holders of these specific privately placed debt instruments.
Impact Justification
Routine part redemption of privately placed NCDs affecting debt segment traders holding Vertis Infrastructure Trust debentures; reduced face values effective from 16 March 2026 under settlement DR-840/2025-2026.