Description

Trading suspended in two series of non-convertible debentures of Chemmanur Credits and Investments Limited from October 16, 2025 for redemption and interest payment.

Summary

BSE has suspended trading in two series of non-convertible debentures (NCDs) issued by Chemmanur Credits and Investments Limited effective October 16, 2025. The suspension is to facilitate redemption of debentures and payment of interest to holders with record date of October 16, 2025. Trading members are advised not to deal in these securities from the specified date.

Key Points

  • Two debenture series affected: CCIL-10.75%-1-11-25-NCD (ISIN: INE051307AN3, Code: 938938) and CCIL-ZC-1-11-25-NCD (ISIN: INE051307AI3, Code: 938946)
  • Suspension effective from October 16, 2025
  • Purpose: Redemption of debentures and payment of interest
  • Record date fixed as October 16, 2025
  • Trading members must not deal in these securities from the no-dealing date

Regulatory Changes

No regulatory changes introduced. This is a standard operational procedure for debenture redemption.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from October 16, 2025
  • Members must ensure compliance with the no-dealing directive (Reference: DR-737/2025-2026)
  • Adherence to record date requirements for interest and redemption eligibility

Important Dates

  • October 13, 2025: Circular issued
  • October 16, 2025: Record date for interest payment and redemption
  • October 16, 2025: Trading suspension effective date (no dealings from this date)

Impact Assessment

Market Impact: Low - affects only holders of these specific debenture series of Chemmanur Credits and Investments Limited.

Operational Impact: Minimal - routine corporate action for debt securities redemption. Trading members need to ensure systems reflect the suspension to prevent inadvertent trading.

Investor Impact: Debenture holders with holdings as of record date will receive interest payment and redemption proceeds. No trading allowed from suspension date to facilitate smooth settlement of redemption process.

Impact Justification

Routine suspension for debenture redemption affecting limited holders of specific debt securities