Description

BSE suspends trading in two series of INCRED FINANCIAL SERVICES LIMITED debentures from October 24, 2025, ahead of redemption and interest payment with record date October 26, 2025.

Summary

BSE has announced the suspension of trading in two series of non-convertible debentures issued by INCRED FINANCIAL SERVICES LIMITED. Trading will be suspended from October 24, 2025, as the company has fixed the record date of October 26, 2025, for redemption of debentures and payment of interest. Trading members are advised not to deal in these specified debentures.

Key Points

  • Two NCD series affected: IFSL-9.55%-10-11-25-NCD (ISIN: INE321N07335, Code: 939006) and IFSL-9.66%-10-11-25-NCD (ISIN: INE321N07350, Code: 939008)
  • Record date fixed: October 26, 2025
  • Trading suspension effective from: October 24, 2025
  • Purpose: Redemption of debentures and payment of interest
  • Notice reference: DR-742/2025-2026
  • Issuer: INCRED FINANCIAL SERVICES LIMITED

Regulatory Changes

No regulatory changes. This is a standard operational suspension related to corporate action processing.

Compliance Requirements

  • Trading members must not deal in the specified debentures from October 24, 2025
  • Trading members are required to take note of this suspension and ensure compliance
  • No transactions should be executed in ISIN INE321N07335 (Code: 939006) and INE321N07350 (Code: 939008) from the suspension date

Important Dates

  • October 16, 2025: Circular issued
  • October 24, 2025: Trading suspension begins (no dealings from this date)
  • October 26, 2025: Record date for redemption and interest payment
  • November 10, 2025: Maturity date (based on NCD naming convention)

Impact Assessment

Market Impact: Limited to holders of these specific debenture series. The suspension is procedural and standard practice for securities approaching redemption.

Investor Impact: Debenture holders will receive their redemption amount and final interest payment. No trading opportunity available from October 24, 2025.

Operational Impact: Trading members must update their systems to prevent execution of trades in these securities. The suspension affects the debt segment only and is limited to two specific ISIN codes.

Financial Impact: Investors holding these debentures will receive approximately 9.55% and 9.66% interest along with principal redemption based on the coupon rates indicated in the security names.

Impact Justification

Standard suspension for debenture redemption affecting specific debt securities; limited to holders of these two NCD series