Description

BSE suspends trading in ECL Finance Limited's 9.75% Non-Convertible Debentures from July 30, 2025 due to redemption with record date July 30, 2025.

Summary

BSE has issued a trading suspension notice for ECL Finance Limited’s Non-Convertible Debentures (Code: ECL-9.75%-14-8-25-PVT, ISIN: INE804I07C93) effective July 30, 2025. The suspension is due to the company fixing July 30, 2025 as the record date for redemption of these debentures. Trading members are advised not to deal in these specific debentures from the effective date.

Key Points

  • ECL Finance Limited has fixed record date of July 30, 2025 for debenture redemption
  • Trading suspension begins July 30, 2025 for affected debentures
  • Specific debenture: ECL-9.75%-14-8-25-PVT with ISIN INE804I07C93 (Code: 952625)
  • Notice applies only to debt segment trading members
  • Circular reference: DR-684/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard procedural notice for debenture redemption activities as per existing BSE regulations for corporate actions.

Compliance Requirements

  • Trading members must cease all dealings in the specified ECL Finance debentures from July 30, 2025
  • Members must ensure compliance with the no-dealing directive for the affected securities
  • Proper notification and record-keeping of the trading suspension in member systems

Important Dates

  • Record Date: July 30, 2025 - Fixed by ECL Finance Limited for debenture redemption
  • No Dealings From: July 30, 2025 - Trading suspension effective date
  • Notice Date: July 25, 2025 - BSE circular issuance date

Impact Assessment

The trading suspension has a targeted impact on holders and traders of ECL Finance Limited’s specific Non-Convertible Debentures. This affects debt segment participants but does not impact broader equity markets. The redemption process is a normal corporate action that provides exit opportunity for debenture holders at maturity. Trading members dealing in corporate debt securities need to update their systems and processes to reflect the suspension.

Impact Justification

Trading suspension affects specific debenture holders and trading members dealing with ECL Finance debt securities, with limited broader market impact