Description

Trading suspended in WBSEDC bonds (ISIN: INE411L07023) effective October 10, 2025 due to redemption and interest payment with record date October 10, 2025.

Summary

BSE has announced the suspension of trading in bonds of West Bengal State Electricity Distribution Company Ltd (WBSEDC) effective October 10, 2025. The suspension is due to the company fixing a record date for redemption of bonds and payment of interest. Trading members are advised not to deal in the specified bonds from the no-dealings date.

Key Points

  • Company: West Bengal State Electricity Distribution Company Ltd
  • Bond ISIN: INE411L07023
  • Bond Code: 972599
  • Bond Series: WBSEDC-9.34%-II-25-10-25-PVT
  • Record Date: October 10, 2025
  • No Dealings From: October 10, 2025
  • Purpose: Redemption of Bonds and Payment of Interest
  • Notice Reference: DR-733/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action process for bond redemption.

Compliance Requirements

  • Trading members must immediately cease all trading activities in the specified WBSEDC bonds from October 10, 2025
  • No buy or sell orders should be accepted for these bonds
  • Trading members must ensure compliance with the no-dealings restriction
  • Appropriate client communication regarding trading suspension is recommended

Important Dates

  • October 8, 2025: Circular issued by BSE
  • October 10, 2025: Record Date for redemption and interest payment
  • October 10, 2025: Trading suspension effective date (no dealings from this date)

Impact Assessment

Market Impact: High - Complete trading suspension affects liquidity and market access for bondholders. Investors holding these bonds cannot exit positions through secondary market from the suspension date.

Operational Impact: Trading members must update their systems to block trading in the specified ISIN and communicate the suspension to clients who may hold or wish to trade these bonds.

Investor Impact: Bondholders will receive redemption proceeds and interest payment as per the record date. Those not on record as of October 10, 2025 will not be eligible for these payments. The 9.34% coupon bond is reaching maturity (indicated by the October 2025 maturity date in the bond name).

Impact Justification

Complete trading suspension of bonds due to imminent redemption affects all bondholders and requires immediate action from trading members