Description

Suspension of trading for debentures due to amalgamation scheme. Record date set for October 14, 2025 for transfer of NCDs to Indospace entities.

Summary

BSE has announced the suspension for transfer of Non-Convertible Debentures (NCDs) of Ecobox Industrials Asset II Private Limited and Ecobox Industrials Asset III Private Limited pursuant to NCLT-approved amalgamation schemes. The Record Date has been fixed as October 14, 2025 to determine eligible debenture holders whose NCDs will be transferred to Indospace Chittoor Private Limited and Indospace Chittoor II Private Limited respectively.

Key Points

  • Ecobox Industrials Asset II Private Limited to amalgamate with Indospace Chittoor Private Limited
  • Ecobox Industrials Asset III Private Limited to amalgamate with Indospace Chittoor II Private Limited
  • Scheme of Arrangement approved by NCLT (National Company Law Tribunal)
  • Record Date: October 14, 2025
  • Two debenture series affected: EAIIPL-10.15%-RESET RATE-5-2-2 (ISIN: INE12WW07019, Code: 976154) and EAIII-10.15%-RESET RATE-5-2-29 (ISIN: INE12W807011, Code: 976155)

Regulatory Changes

No new regulatory changes. This action is taken pursuant to existing regulations governing schemes of arrangement and amalgamation under NCLT supervision.

Compliance Requirements

  • Trading members must take note of the suspension for transfer
  • Debenture holders as on the Record Date (October 14, 2025) will have their NCDs transferred to the respective Indospace entities
  • No action required from trading members beyond awareness of the corporate action

Important Dates

  • Notice Date: October 9, 2025
  • Record Date: October 14, 2025 - Date for determining eligible debenture holders for NCD transfer

Impact Assessment

Debenture Holders: High impact - NCDs will be mandatorily transferred from Ecobox entities to Indospace entities as per the NCLT-approved amalgamation scheme. Debenture holders on record as of October 14, 2025 will be affected.

Market Operations: Suspension of transfer activities for these specific debentures during the amalgamation process. Both affected debentures carry 10.15% reset rate, indicating they are structured instruments.

Legal Framework: This action follows proper legal procedure with NCLT approval, ensuring regulatory compliance for the amalgamation process.

Impact Justification

High importance due to amalgamation affecting debenture holders. Trading suspension and mandatory transfer of NCDs to new entities impacts all debenture holders of these securities.