Description
BSE suspends trading in NEOGROWTH CREDIT PRIVATE LIMITED debentures from August 1, 2025 due to redemption with record date of August 2, 2025.
Summary
BSE has suspended trading in Non-Convertible Debentures of NEOGROWTH CREDIT PRIVATE LIMITED effective August 1, 2025, in preparation for redemption with record date of August 2, 2025.
Key Points
- Trading suspension applies to debentures with ISIN INE814O07501 (Code: 975665)
- Debentures carry 11.60% interest rate
- Suspension effective from August 1, 2025
- Record date for redemption: August 2, 2025
- Trading members advised not to deal in these debentures
Regulatory Changes
No regulatory framework changes - standard suspension procedure for debenture redemption.
Compliance Requirements
- Trading members must not deal in the specified debentures from August 1, 2025
- All market participants must take note of the trading suspension
- Compliance with redemption procedures as per company’s fixed record date
Important Dates
- August 1, 2025: Trading suspension begins (no dealings from this date)
- August 2, 2025: Record date for debenture redemption
Impact Assessment
Limited impact as this affects only holders of specific NEOGROWTH CREDIT debentures. Standard corporate action with temporary trading suspension to facilitate orderly redemption process. No broader market implications expected.
Impact Justification
Routine suspension for debenture redemption affecting specific debt instrument holders