Description

Trading suspended in KLM AXIVA FINVEST LIMITED's 9.5% Non-Convertible Debentures from October 17, 2025 due to redemption with record date set for the same day.

Summary

BSE has announced the suspension of trading in Non-Convertible Debentures (NCDs) of KLM AXIVA FINVEST LIMITED effective October 17, 2025. The suspension is due to the company setting a record date for redemption of its 9.5% debentures maturing on September 1, 2026. Trading members are instructed not to deal in these specific debentures from the record date onwards.

Key Points

  • Trading suspended for KAFL 9.5% NCDs (ISIN: INE01I507AN1, Code: 940523)
  • Record date for redemption: October 17, 2025
  • No dealings permitted from October 17, 2025
  • Notice number: DR-738/2025-2026
  • Issued by Marian Dsouza, Assistant Vice President – Listing Operations (CRD)

Regulatory Changes

No regulatory changes. This is a standard corporate action notice for debenture redemption.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from October 17, 2025
  • Trading members are required to take note of the suspension and inform their clients accordingly
  • No new positions should be opened in these securities

Important Dates

  • Notice Date: October 13, 2025
  • Record Date: October 17, 2025
  • Trading Suspension Date: October 17, 2025
  • Original Maturity Date: September 1, 2026

Impact Assessment

Market Impact: Low - This affects only holders of a specific series of debentures issued by KLM AXIVA FINVEST LIMITED. The trading suspension is temporary and routine for redemption purposes.

Investor Impact: Medium for affected debenture holders - Investors holding these specific NCDs will have their securities redeemed as per the company’s redemption schedule. They will receive their principal and applicable interest as per the terms of the debenture issue.

Operational Impact: Minimal - This is a standard corporate action that brokers and trading members regularly handle. The four-day advance notice provides adequate time for operational adjustments.

Impact Justification

Routine trading suspension for debenture redemption affecting a single debt instrument of a non-banking financial company. Limited market-wide impact as it concerns only specific debenture holders.