Description
BSE suspends trading in bonds of Tulsi Palace Resort Private Ltd effective August 4, 2025 due to mandatory redemption event.
Summary
BSE has suspended trading in bonds of Tulsi Palace Resort Private Ltd (scrip code: 974856, ISIN: INE0PKY07014) effective August 4, 2025, following the company’s notification of mandatory bond redemption.
Key Points
- Bond suspension applies to TULSI PALACE RESORT PRIVATE LTD 10.50% bonds maturing May 24, 2026
- Scrip code: 974856, ISIN: INE0PKY07014
- Reason: Mandatory redemption event as notified by the company
- Trading members advised not to deal in these bonds
Regulatory Changes
No regulatory framework changes - standard procedure for bond redemption events.
Compliance Requirements
- Trading members must cease dealing in the specified bonds
- All exchange members required to take note of the suspension
- Compliance effective from August 4, 2025
Important Dates
- August 1, 2025: Notice issued
- August 4, 2025: Trading suspension effective date
- May 24, 2026: Original bond maturity date
Impact Assessment
Limited market impact as this affects only bondholders of a specific private company. The suspension is procedural following the company’s decision to redeem bonds under mandatory redemption provisions.
Impact Justification
Affects only specific bond holders of a private company with limited market impact