Description
Vertis Infrastructure Trust has fixed a Record Date of 16 March 2026 for part redemption of two series of Non-Convertible Debentures along with payment of interest, with reduced face values effective the same date.
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 debenture series. Trading in both debenture series will occur with reduced face values effective 16 March 2026 under Settlement No. DR-840/2025-2026.
Key Points
- Record Date for both debenture series: 16 March 2026
- Two NCD series affected: VIT-8.25%-22-9-29-PVT (ISIN: INE0KXY07026, Code: 974227) and VIT-7.40%-31-12-41-INVIT (ISIN: INE0KXY07042, Code: 976771)
- Purpose: Part Redemption of Debentures and Payment of Interest
- Reduced Face Value for VIT-8.25%-22-9-29-PVT: Rs. 955,000 per debenture
- Reduced Face Value for VIT-7.40%-31-12-41-INVIT: Rs. 99,690 per debenture
- Effective Date for reduced face value trading: 16 March 2026
- Settlement Number: DR-840/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notification under BSE’s debt segment rules requiring trading members to be informed of reduced face value trading post part redemption.
Compliance Requirements
- Trading members must note the reduced face values applicable from 16 March 2026
- All trades in the mentioned debenture series must reflect the revised face values from the effective date
- Members should update their systems to reflect the new face values under Settlement DR-840/2025-2026
Important Dates
- Record Date: 16 March 2026
- Effective Date for Reduced Face Value Trading: 16 March 2026
- Settlement: DR-840/2025-2026
- Circular Date: 12 March 2026
Impact Assessment
This circular impacts holders and traders of Vertis Infrastructure Trust’s two NCD series on the BSE Debt Market Segment. The part redemption reduces the face value of both instruments — the 8.25% series from its current value to Rs. 9,55,000 per debenture, and the 7.40% InvIT series to Rs. 99,690 per debenture. Debenture holders will receive partial principal repayment along with accrued interest on the record date. Market impact is limited to existing holders of these specific debt securities.
Impact Justification
Routine part redemption of two NCD series with reduced face values affecting existing debenture holders; limited to specific debt securities of Vertis Infrastructure Trust.