Description

Trading suspended for MMFSL 8.90% debentures maturing 27-10-25 from October 10, 2025 due to record date fixed for redemption and interest payment on October 12, 2025.

Summary

BSE has announced suspension of trading in specific non-convertible debentures (NCDs) of MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED effective October 10, 2025. The suspension is due to the company fixing a record date of October 12, 2025 for redemption and interest payment on the MMFSL 8.90%-27-10-25 series (ISIN: INE774D08LO9, Code: 952914).

Key Points

  • Trading Members are advised not to deal in the specified debentures
  • ISIN: INE774D08LO9
  • Scrip Code: 952914
  • Debenture Series: MMFSL-8.90%-27-10-25-PVT
  • Notice Reference: DR-733/2025-2026
  • Purpose: Redemption of debentures and payment of interest
  • This is a private placement NCD series

Regulatory Changes

No regulatory framework changes. This is a standard trading suspension procedure implemented before corporate actions involving debt securities.

Compliance Requirements

  • Trading Members must cease all dealing in the specified debentures from October 10, 2025
  • No buy or sell transactions permitted in this debenture series effective from the no-dealings date
  • Trading Members must ensure their systems and processes prevent trades in the suspended debentures
  • Record date compliance requires suspension to ensure proper identification of debenture holders entitled to redemption and interest

Important Dates

  • October 6, 2025: Circular issued
  • October 10, 2025: No dealings commence (trading suspension effective date)
  • October 12, 2025: Record date for redemption and interest payment
  • October 27, 2025: Expected maturity/redemption date (based on debenture nomenclature)

Impact Assessment

Market Impact: Limited to holders and potential traders of this specific NCD series. The suspension is procedural and expected before redemption.

Investor Impact: High for current debenture holders who cannot exit positions after October 10, 2025. However, this is expected as the debentures are approaching maturity and redemption.

Liquidity Impact: Complete liquidity freeze for this instrument from October 10, 2025, but this is temporary and ends with redemption.

Operational Impact: Trading Members must update their systems to block trades in this security. Straightforward compliance requirement with clear timelines.

Impact Justification

High severity for holders of these specific debentures as trading is suspended, but medium overall impact as it affects only one series of debentures and is a routine corporate action before redemption.