Description

Trading suspended for two bond series of REC LIMITED from October 20, 2025 due to redemption and interest payment with record date set for the same day.

Summary

BSE has announced the suspension of trading in two bond series of REC LIMITED effective October 20, 2025. The suspension is due to the company fixing the record date for redemption of bonds and payment of interest. Trading members are advised not to deal in these specific bonds from the no-dealings date.

Key Points

  • Two bond series of REC LIMITED affected: REC-6.89%-5-11-25-S-1A-NCD (ISIN: INE020B07JP4, Code: 935538) and REC-7.14%-5-11-25-S-1B-NCD (ISIN: INE020B07JQ2, Code: 935540)
  • Record date set for October 20, 2025
  • Purpose: Redemption of bonds and payment of interest
  • No dealings permitted from October 20, 2025
  • Notice reference: DR-739/2025-2026
  • Issued by Marian Dsouza, Assistant Vice President – Listing Operations (CRD)

Regulatory Changes

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

Compliance Requirements

  • Trading members must not deal in the specified bonds from October 20, 2025
  • Trading members must take note of the suspension and communicate to relevant stakeholders
  • Bondholders on record as of October 20, 2025 will be eligible for interest payment and redemption proceeds

Important Dates

  • October 16, 2025: Notice date
  • October 20, 2025: Record date for redemption and interest payment
  • October 20, 2025: No dealings date - trading suspension effective

Impact Assessment

Market Impact: Limited to holders of the two specific bond series. The suspension is a standard procedure for bond redemption and should not affect broader market operations.

Operational Impact: Trading members need to ensure their systems reflect the trading suspension for these securities. Bondholders will receive redemption proceeds and final interest payment based on the record date.

Financial Impact: Bondholders will receive principal redemption and accrued interest. The bonds are maturing as scheduled (November 5, 2025 based on nomenclature), representing normal debt servicing by REC LIMITED.

Impact Justification

Routine bond redemption suspension affecting specific debt securities. Impact limited to bondholders of the two series being redeemed.