Description

Trading suspended for AXIS FINANCE LIMITED debentures (INE891K07804) from October 9, 2025 due to upcoming redemption and interest payment with record date set for the same day.

Summary

BSE has announced the suspension of trading in Non-Convertible Debentures of AXIS FINANCE LIMITED (ISIN: INE891K07804, Code: 974126) effective October 9, 2025. The suspension is due to the company setting a record date for redemption of debentures and payment of interest. Trading members are strictly advised not to deal in these debentures from the specified date.

Key Points

  • Debenture series: AFL-7.51%-24-10-25-PVT
  • ISIN: INE891K07804
  • BSE Code: 974126
  • Record date: October 9, 2025
  • No dealings permitted from: October 9, 2025
  • Purpose: Redemption of debentures and payment of interest
  • Notice number: DR-732/2025-2026
  • Issuing authority: Marian Dsouza, Assistant Vice President – Listing Operations (CRD)

Regulatory Changes

No regulatory framework changes. This is a standard operational circular related to corporate action processing for debt securities.

Compliance Requirements

  • Trading members must immediately cease all dealing in the specified debentures from October 9, 2025
  • No buy or sell transactions permitted for ISIN INE891K07804 from the specified date
  • Trading members must ensure compliance with the no-dealing restriction
  • Members should update their systems to block trading in these securities

Important Dates

  • October 6, 2025: Circular issued
  • October 9, 2025: Record date for interest payment and redemption
  • October 9, 2025: Trading suspension effective date (no dealings permitted from this date)

Impact Assessment

Investor Impact: High - Investors holding these debentures will receive their principal redemption and final interest payment. However, they cannot exit positions through secondary market trading from October 9, 2025 onwards.

Market Impact: Medium - Limited to holders of this specific debenture series. The suspension ensures clean settlement of the redemption process by preventing transactions after the record date.

Operational Impact: High for trading members - Requires immediate system updates to block trading in the specified ISIN and proper communication to clients holding these securities about the redemption process.

Impact Justification

Complete trading suspension for specific debenture series affecting investors holding these securities; requires immediate action from trading members to cease dealings from October 9, 2025