Description
BSE suspends trading in bonds of Tulsi Palace Resort Private Ltd due to mandatory redemption event effective August 4, 2025.
Summary
BSE has suspended trading in bonds of Tulsi Palace Resort Private Ltd (TPRPL) effective August 4, 2025, following the company’s notification of mandatory bond redemption. The affected bonds carry a 10.50% coupon rate with ISIN INE0PKY07014 and scrip code 974856.
Key Points
- Trading suspension effective from August 4, 2025 (DR-687/2025-2026)
- Company has redeemed bonds due to mandatory redemption event
- Bond details: TPRPL-10.50%-24-5-26-PVT with ISIN INE0PKY07014
- Trading members advised not to deal in these bonds
Regulatory Changes
No regulatory framework changes. Standard procedure for bond redemption and trading suspension.
Compliance Requirements
- Trading members must not deal in the specified bonds from August 4, 2025
- All exchange trading members required to take note of the suspension
- Compliance with debt market trading regulations
Important Dates
- Notice Date: August 1, 2025
- Trading Suspension Effective: August 4, 2025
- Reference: DR-687/2025-2026
Impact Assessment
Minimal market impact as this affects only one company’s specific bond series. The suspension is procedural following mandatory redemption, protecting investors from trading in redeemed securities. No broader market implications expected.
Impact Justification
Limited to specific bond redemption of one company with narrow market impact