Description
BSE suspends trading in GDPL debentures from September 4, 2025 due to upcoming redemption and interest payment with record date September 5, 2025.
Summary
BSE has suspended trading in the 9.60% Non-Convertible Debentures of GERA DEVELOPMENTS PRIVATE LIMITED (ISIN: INE965R07306, Code: 974829) effective September 4, 2025, due to the company fixing September 5, 2025 as the record date for redemption of debentures and interest payment.
Key Points
- Trading suspension applies to GDPL 9.60% debentures maturing September 24, 2025
- No dealings permitted from September 4, 2025
- Record date set for September 5, 2025
- Purpose includes both redemption of debentures and interest payment
- Notice reference: DR-708/2025-2026
Regulatory Changes
No regulatory changes introduced - standard procedure for debenture redemption process.
Compliance Requirements
- Trading members must cease all dealings in the specified debentures from September 4, 2025
- Members required to note the suspension and comply with no-dealing directive
Important Dates
- August 28, 2025: Notice issued
- September 4, 2025: Trading suspension effective date
- September 5, 2025: Record date for redemption and interest payment
- September 24, 2025: Debenture maturity date
Impact Assessment
Minimal market impact as this involves a single private company’s debentures. The suspension is procedural and temporary, related to the normal corporate action process for debenture redemption and interest payment. Trading members dealing in this specific debt instrument need to adjust their positions accordingly.
Impact Justification
Limited to single private company debenture affecting minimal market participants