Description
BSE suspends trading in Kosamattam Finance Limited debentures due to redemption with record date of September 5, 2025.
Summary
BSE has suspended trading in non-convertible debentures of Kosamattam Finance Limited effective September 4, 2025, due to the company setting a record date of September 5, 2025 for debenture redemption.
Key Points
- Trading suspension applies to specific NCD series: KFL-ZC-23-9-25-NCD (ISIN: INE403Q08126, Code: 936310)
- No dealings permitted from September 4, 2025
- Record date fixed for September 5, 2025
- Purpose is redemption of non-convertible debentures
- Notice issued under reference DR-708/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard procedural suspension for corporate action processing.
Compliance Requirements
- Trading members must not deal in the specified debentures from September 4, 2025
- All market participants must comply with the trading suspension
- No new transactions to be executed in the affected securities
Important Dates
- August 22, 2025: Notice issued
- September 4, 2025: Trading suspension begins (no dealings from this date)
- September 5, 2025: Record date for redemption
Impact Assessment
Low market impact as this affects only specific debenture series of one company. Standard procedural suspension to facilitate redemption process. Holders of these debentures will have their securities redeemed as per the company’s redemption terms.
Impact Justification
Trading suspension for specific debentures affects limited investor base but is procedural for redemption