BSE has informed trading members that three securitisation trusts — Siddhivinayak, Shivshakti, and Radhakrishna — have undergone partial redemption of their Pass-Through Certificates (PTCs). The reduced face values per PTC have been communicated, and trading will reflect these updated values effective April 20, 2025.

Key Points

• Three securitisation trusts have partially redeemed their PTCs
• New reduced face values are applicable per PTC for each trust
• Siddhivinayak Securitisation Trust (SST-7.80%-28-9-30-PTC, ISIN: INE2I7F15012, Scrip: 977125): Reduced Face Value Rs. 9,861,443.22 per PTC
• Shivshakti Securitisation Trust (SST-7.73%-28-9-29-PTC, ISIN: INE2I7G15010, Scrip: 977121): Reduced Face Value Rs. 9,845,830.01 per PTC
• Radhakrishna Securitisation Trust (RKST-7.66%-28-9-28-PTC, ISIN: INE2I7H15018, Scrip: 977124): Reduced Face Value Rs. 9,827,765.15 per PTC
• Notice reference: DR-613/2026-2027

Regulatory Changes

No new regulatory framework introduced. This is a standard corporate action notice under BSE Listing Operations for Debt segment instruments.

Compliance Requirements

• Trading members must take note of the updated reduced face values for these PTCs
• All trades in these scrips must reflect the revised face values as communicated
• No specific filing or reporting obligation mentioned for trading members beyond acknowledgement

Important Dates

• Notice Date: April 17, 2026
• Effective Date for Reduced Face Value Trading: April 20, 2025 (as stated in circular; note: likely a typographical error in the original circular — may refer to April 20, 2026)

Impact Assessment

This notice has a moderate, targeted impact. Only holders and traders of the three specific PTC scrips (977125, 977121, 977124) on the BSE Debt segment are affected. The partial redemptions reduce the face value of each PTC significantly (all near Rs. 98-99 lakh per PTC), which will affect pricing and settlement for ongoing trades. Broader market impact is minimal given the niche nature of securitisation trust instruments.