Description

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

Summary

BSE has announced the suspension of trading in two series of Non-Convertible Debentures (NCDs) issued by INCRED FINANCIAL SERVICES LIMITED. The suspension is effective from October 24, 2025, in preparation for the redemption of debentures and payment of interest with a record date of October 26, 2025. Trading members are advised not to deal in these specified debentures.

Key Points

  • Two NCD series of INCRED FINANCIAL SERVICES LIMITED will be suspended from trading
  • IFSL-9.55%-10-11-25-NCD (ISIN: INE321N07335, Code: 939006)
  • IFSL-9.66%-10-11-25-NCD (ISIN: INE321N07350, Code: 939008)
  • Purpose: Redemption of Debentures and Payment of Interest
  • Record date set for October 26, 2025
  • No dealings permitted from October 24, 2025
  • Notice reference: DR-742/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notice for debenture redemption and interest payment.

Compliance Requirements

  • Trading members must not deal in the specified debentures from October 24, 2025 onwards
  • Trading members must ensure compliance with the no-dealings restriction
  • Debenture holders should note the record date for eligibility for interest payment and redemption proceeds

Important Dates

  • October 16, 2025: Notice issued by BSE
  • October 24, 2025: Trading suspension effective date (no dealings permitted from this date)
  • October 26, 2025: Record date for redemption and interest payment

Impact Assessment

Market Impact: Limited to holders of these specific NCD series. The suspension is temporary and procedural, related to the final redemption of the debentures.

Investor Impact: Debenture holders will receive their principal redemption amount and final interest payment if they hold the securities as of the record date. Secondary market liquidity ceases from October 24, 2025.

Operational Impact: Trading members must update their systems to prevent any transactions in these two debenture series from the suspension date. Standard corporate action processing applies for redemption and interest payment disbursement.

Impact Justification

High severity for debenture holders due to trading suspension, but medium overall impact as it affects only two specific NCD series with upcoming redemption. Standard corporate action with limited market-wide implications.