Description
BSE suspends trading in specific debentures of Shriram Finance Limited from August 25, 2025 due to record date for redemption and interest payment.
Summary
BSE has announced the suspension of trading in specific non-convertible debentures of Shriram Finance Limited effective August 25, 2025. The suspension is due to the company fixing a record date for redemption of debentures and payment of interest.
Key Points
- Trading suspension applies to debentures with ISIN: INE721A08AI1 (Code: 946998)
- Debenture series: SFL-J2-11%-09-09-25-PVT
- Record date: August 25, 2025
- No dealings permitted from August 25, 2025
- Purpose: Redemption of debentures and payment of interest
Regulatory Changes
No regulatory changes introduced. This is a standard procedure for corporate actions involving debt securities.
Compliance Requirements
- Trading members must not deal in the specified debentures from August 25, 2025
- All trading members are required to take note of this suspension
- Compliance with record date procedures for redemption and interest payment
Important Dates
- August 18, 2025: Notice date
- August 25, 2025: Record date and start of trading suspension
- September 9, 2025: Debenture maturity date (inferred from series code)
Impact Assessment
The impact is limited to holders of the specific debenture series. This is a routine corporate action that temporarily restricts trading to facilitate proper record-keeping for redemption and interest payment processes. The suspension ensures orderly settlement of the debenture obligations without affecting the broader market or other securities of Shriram Finance Limited.
Impact Justification
Temporary trading suspension affects specific debenture holders but is routine corporate action