Description
Trading suspended in L&T Metro Rail (Hyderabad) Limited debentures (ISIN: INE128M08029) from October 14, 2025 due to redemption with record date set for the same day.
Summary
BSE has announced the suspension of trading in specific non-convertible debentures issued by L&T Metro Rail (Hyderabad) Limited effective October 14, 2025. The suspension is due to the company setting a record date for redemption of debentures. Trading members are advised not to deal in the specified debentures from the suspension date.
Key Points
- Company: L&T Metro Rail (Hyderabad) Limited
- Debenture ISIN: INE128M08029
- Scrip Code: 952960
- Debenture Series: LTMRH-9.81%-2-11-35-PVT
- Record Date: October 14, 2025
- No Dealings From: October 14, 2025
- Purpose: Redemption of Debentures
- Notice Reference: DR-735/2025-2026
- Circular Date: October 09, 2025
Regulatory Changes
No regulatory framework changes. This is a standard corporate action notification regarding debenture redemption and associated trading suspension.
Compliance Requirements
- Trading members must not execute any trades in the specified debentures (ISIN: INE128M08029) from October 14, 2025
- Trading members must ensure their systems and processes reflect the trading suspension
- Investors holding these debentures should be informed about the redemption and trading suspension
Important Dates
- October 09, 2025: Circular issued by BSE
- October 14, 2025: Record date for redemption
- October 14, 2025: Trading suspension effective date (no dealings permitted from this date)
Impact Assessment
Market Impact: Limited to holders of the specific debenture series (LTMRH-9.81%-2-11-35-PVT). The 9.81% coupon rate debentures maturing in 2035 will be redeemed, affecting investors who will need to redeploy capital.
Operational Impact: Trading members must update their systems to block trading in these debentures. Investors holding these securities will receive redemption proceeds as per the terms of issuance.
Investor Impact: Debenture holders as of the record date (October 14, 2025) will be eligible for redemption. No secondary market trading will be possible from the suspension date, eliminating exit options for investors who wish to sell before redemption.
Impact Justification
Affects specific debenture holders of L&T Metro Rail (Hyderabad) Limited. Limited market-wide impact but significant for investors holding these particular debentures due to trading suspension and upcoming redemption.