Description
BSE suspends trading in NMDC STEEL LIMITED debentures due to record date fixed for interest payment and redemption on August 12, 2025.
Summary
BSE has suspended trading in Non-Convertible Debentures of NMDC STEEL LIMITED (ISIN: INE584A08010, Code: 959957) effective August 12, 2025, due to the company fixing a record date for interest payment and redemption purposes.
Key Points
- Trading suspension applies to NMDC STEEL LIMITED’s 7.30% Non-Convertible Debentures maturing 28-8-25
- Record date fixed for August 12, 2025
- No dealings permitted from August 12, 2025
- Purpose includes both redemption of debentures and payment of interest
Regulatory Changes
No new regulatory changes introduced - standard procedure for corporate actions involving debt securities.
Compliance Requirements
- Trading members must not deal in the specified debentures from the no-dealing date
- Trading members advised to take note of the suspension
- Compliance with corporate action procedures required
Important Dates
- Record Date: August 12, 2025
- No Dealings From: August 12, 2025
- Notice Date: August 7, 2025
Impact Assessment
Limited impact as it affects only one company’s specific debenture series. Holders of these debentures will receive interest payments and redemption proceeds as per the record date. Trading suspension is temporary and follows standard corporate action procedures for debt instruments.
Impact Justification
Affects specific debenture trading but limited to one company's debt instruments