Description
Trading suspended in WBSEDC bonds (INE411L07023) from October 10, 2025 due to record date for redemption and interest payment.
Summary
BSE has suspended 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 bond redemption and interest payment. Trading members are advised not to deal in the specified bonds from the suspension date.
Key Points
- Bond ISIN: INE411L07023 (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 changes introduced. This is a standard operational procedure for bond redemption.
Compliance Requirements
- Trading members must not deal in the specified WBSEDC bonds from October 10, 2025
- All trading members are required to take note of this suspension
- Compliance with record date provisions for bondholders
Important Dates
- Notice Date: October 08, 2025
- Record Date: October 10, 2025
- Trading Suspension Date: October 10, 2025
Impact Assessment
Market Impact: Limited to holders and traders of this specific WBSEDC bond series. The suspension prevents trading to ensure proper identification of bondholders eligible for final interest payment and redemption proceeds.
Investor Impact: Bondholders on record as of October 10, 2025 will receive redemption proceeds and final interest payment. Trading suspension is temporary and related to the maturity/redemption event.
Operational Impact: Trading members must update their systems to prevent trades in this security and inform clients holding or interested in these bonds.
Impact Justification
Routine bond redemption suspension affecting specific debt security holders and traders dealing in WBSEDC bonds