Description

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

Summary

BSE has suspended trading in specific Non-Convertible Debentures (NCDs) of AXIS FINANCE LIMITED effective October 9, 2025. The suspension is in connection with the redemption of debentures and payment of interest, with the record date fixed as October 9, 2025. Trading members are strictly advised not to deal in the specified debentures from the suspension date.

Key Points

  • Trading suspension applies to debenture series AFL-7.51%-24-10-25-PVT with ISIN INE891K07804 (Code: 974126)
  • No dealings permitted from October 9, 2025
  • Suspension covers both redemption of debentures and interest payment
  • Notice issued under reference DR-732/2025-2026
  • All trading members must comply with the suspension directive

Regulatory Changes

No regulatory framework changes. This is a standard operational suspension implemented per existing debenture redemption procedures.

Compliance Requirements

  • Trading members must immediately cease all trading activities in the specified debentures from October 9, 2025
  • No buy or sell orders should be accepted for ISIN INE891K07804
  • Members must inform their clients holding these debentures about the suspension and upcoming redemption
  • Compliance with record date requirements for interest payment and redemption processing

Important Dates

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

Impact Assessment

Market Impact: Limited to holders of this specific debenture series. The suspension is procedural and relates to maturity/redemption rather than financial distress.

Investor Impact: Debenture holders on record as of October 9, 2025 will receive their interest payment and redemption proceeds. Secondary market liquidity for this instrument ceases from the suspension date.

Operational Impact: Trading members must update their systems to block trades in this ISIN and communicate the suspension to affected clients who may hold or wish to trade these debentures.

Impact Justification

High severity due to immediate trading suspension, but medium impact as it affects only specific debenture holders of one issuer rather than broad market participants