Description
BSE informs trading members of reduced face values per PTC for India Universal Trust AL1 Series A1, A2, and A3 following part redemption, effective April 22, 2026.
Summary
BSE has notified trading members that Catalyst Trusteeship Ltd has communicated revised (reduced) face values per Pass-Through Certificate (PTC) following part redemption of three series under India Universal Trust AL1. The revised face values are effective from April 22, 2026 (DR-615/2026-2027).
Key Points
- Part redemption has been carried out for India Universal Trust AL1 Series A1, A2, and A3.
- Catalyst Trusteeship Ltd is the trustee that communicated the reduced face values.
- Three scrip codes are affected: 976050 (Series A1), 976051 (Series A2), and 976052 (Series A3).
- Trading members must trade these PTCs at the updated reduced face values from the effective date.
Regulatory Changes
The face value per PTC has been reduced as follows due to part redemption:
| Series | Scrip Code | ISIN | Reduced Face Value (Rs.) |
|---|---|---|---|
| INDIA UNIVERSAL TRUST AL1 - Series A1 (IUTA1-8.02%-20-9-26-PTC) | 976050 | INE16J715019 | 534,281.41 per PTC |
| INDIA UNIVERSAL TRUST AL1 - Series A2 (IUTA1-8.12%-20-7-27-PTC) | 976051 | INE16J715027 | 7,699,304.51 per PTC |
| INDIA UNIVERSAL TRUST AL1 - Series A3 (IUTA1-8.20%-20-9-30-PTC) | 976052 | INE16J715035 | 8,900,192.63 per PTC |
Compliance Requirements
- Trading members are required to note and apply the revised reduced face values for all three PTC series when executing trades.
- Trades in these PTCs must reflect the above reduced face values effective from April 22, 2026.
Important Dates
- Notice Date: April 21, 2026
- Effective Date for Reduced Face Value Trading: April 22, 2026
- Reference: DR-615/2026-2027
Impact Assessment
This circular affects debt segment participants holding or trading PTCs under India Universal Trust AL1. The part redemption reduces the outstanding principal per certificate, lowering the face value at which these instruments trade on BSE. Impact is confined to institutional and sophisticated investors in the securitisation/debt PTC market. No equity market disruption is expected. Trading members must ensure their systems reflect the updated face values from April 22, 2026 to avoid trade settlement discrepancies.
Impact Justification
Affects holders of specific debt PTCs in the India Universal Trust AL1 series; trading members must update face values for three scrips, but impact is limited to a niche segment of debt market participants.