Description
Trading in debentures of Spandana Sphoorty Financial Limited (Scrip Code 975811) to resume from September 10, 2025 after incomplete redemption.
Summary
BSE has announced the resumption of trading in debentures of Spandana Sphoorty Financial Limited (Scrip Code 975811) effective September 10, 2025. This follows an incomplete redemption process where the company had previously fixed a record date for optional accelerated redemption but the debentures were not fully redeemed.
Key Points
- Trading in Spandana Sphoorty Financial Limited debentures (Scrip Code 975811) will resume from September 10, 2025
- Previous redemption process initiated on June 3, 2025 with record date of June 5, 2025 was incomplete
- Company requested revocation of scrips due to incomplete redemption
- Notice reference: DR-712/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a procedural resumption following incomplete corporate action.
Compliance Requirements
- Trading members must note the resumption of trading in the specified debentures
- Normal trading rules and procedures will apply from the effective date
Important Dates
- September 10, 2025: Trading resumption effective date
- June 3, 2025: Original suspension notice date
- June 5, 2025: Record date for incomplete redemption
Impact Assessment
Limited impact to debt securities market. Affects only holders and traders of Spandana Sphoorty Financial Limited debentures. Provides liquidity restoration for investors who may have been unable to trade these securities during the redemption process.
Impact Justification
Affects trading of specific debentures but limited to one company's debt securities