Description

Trading suspended in Axis Bank's 8.25% debentures (INE238A08385) from October 15, 2025 due to redemption and interest payment with record date set for the same day.

Summary

BSE has announced the suspension of trading in Axis Bank Ltd.’s Non-Convertible Debentures (ISIN: INE238A08385, Code: 952965) effective October 15, 2025. The suspension is due to the company fixing the record date for redemption of debentures and payment of interest. Trading members are advised not to deal in these debentures from the specified date.

Key Points

  • Debenture series: 8.25% Non-Convertible Debentures maturing October 30, 2025
  • ISIN: INE238A08385
  • BSE Code: 952965
  • Record date: October 15, 2025
  • No dealings permitted from: October 15, 2025
  • Purpose: Redemption of debentures and payment of interest
  • Notice reference: DR-736/2025-2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from October 15, 2025
  • Trading members must inform their clients holding these debentures about the trading suspension
  • All market participants must comply with the no-dealing restriction immediately

Important Dates

  • October 13, 2025: Circular issue date
  • October 15, 2025: Record date for redemption and interest payment
  • October 15, 2025: Trading suspension effective date
  • October 30, 2025: Debenture maturity date

Impact Assessment

Market Impact: Limited impact on broader market operations. Affects only holders and traders of this specific Axis Bank debenture series. The suspension is temporary and aligned with standard redemption procedures.

Operational Impact: Trading members need to ensure their systems block trades in this security from the specified date. Investors holding these debentures will receive redemption proceeds and final interest payment based on the record date.

Investor Impact: Debenture holders whose names appear on the record date (October 15, 2025) will be eligible for redemption proceeds and interest payment. No secondary market liquidity available from suspension date until redemption.

Impact Justification

Trading suspension affects specific debenture holders and traders of Axis Bank debt securities. Impact limited to one series of NCDs scheduled for redemption. Standard corporate action procedure.