Description
BSE suspends trading in 12.75% debentures of SML (ISIN: INE982X07341) effective October 17, 2025, due to maturity on October 20, 2025.
Summary
BSE has issued a notice suspending trading in debt securities of SML effective October 17, 2025. The debentures (SCRIP CODE: 974313, ISIN: INE982X07341) carrying 12.75% interest rate are scheduled to mature on October 20, 2025. Trading members are advised not to deal in these debentures from the suspension date.
Key Points
- Debenture Details: SML 12.75% Private Debentures maturing October 20, 2025
- SCRIP CODE: 974313
- ISIN: INE982X07341
- Trading suspension effective: October 17, 2025
- Maturity Date: October 20, 2025
- Notice Reference: DR-738/2025-2026
Regulatory Changes
No regulatory changes. This is a standard operational notice for scheduled debt security maturity.
Compliance Requirements
- Trading members must not deal in the specified SML debentures from October 17, 2025 onwards
- Trading members must take note of the suspension and communicate to their clients
- No new trades should be executed in SCRIP CODE 974313 after the suspension date
Important Dates
- October 16, 2025: Notice issued
- October 17, 2025: Trading suspension effective date
- October 20, 2025: Debenture maturity date
Impact Assessment
This is a routine administrative action with minimal market impact. The suspension affects only holders and potential traders of this specific private debenture issue. The three-day gap between suspension and maturity is standard practice to ensure orderly settlement. No broader market implications or systemic concerns are indicated.
Impact Justification
Routine suspension due to scheduled maturity of a single private debenture issue; affects only holders of this specific debt instrument with limited market-wide impact