Description
BSE suspends trading in NMDC Steel Limited debentures from August 12, 2025 due to redemption and interest payment with record date fixed.
Summary
BSE has suspended trading in Non-Convertible Debentures of NMDC STEEL LIMITED (Code: NSL-7.30%-28-8-25-PVT, ISIN: INE584A08010) effective August 12, 2025. The suspension is due to the company fixing August 12, 2025 as the record date for redemption of debentures and payment of interest.
Key Points
- Trading suspension applies to NMDC Steel Limited debentures with code 959957
- ISIN: INE584A08010 (NSL-7.30%-28-8-25-PVT)
- Record date fixed: August 12, 2025
- No dealings permitted from August 12, 2025
- Purpose: Redemption of debentures and interest payment
Regulatory Changes
No regulatory framework changes. This is a standard corporate action procedure for debenture redemption.
Compliance Requirements
- Trading members must not deal in the specified debentures from August 12, 2025
- All trading activities in these debentures to be suspended immediately on the specified date
- Members required to take note of the suspension guidelines
Important Dates
- Notice Date: August 7, 2025
- Record Date: August 12, 2025
- Trading Suspension Date: August 12, 2025
- Reference: DR-693/2025-2026
Impact Assessment
Medium impact limited to holders and traders of NMDC Steel debentures. The suspension facilitates orderly redemption process and interest payment to eligible debenture holders as per the record date. Normal trading operations for other securities remain unaffected.
Impact Justification
Trading suspension affects specific debenture holders and debt market participants for NMDC Steel