Description
Trading suspension for two series of REC LIMITED bonds due to redemption and interest payment with record date October 20, 2025.
Summary
BSE has suspended trading in two series of bonds issued by REC LIMITED effective October 20, 2025. The suspension is due to the company fixing a record date for redemption of bonds and payment of interest. Trading members are advised not to deal in the specified bonds from the no-dealings date.
Key Points
- Two bond series of REC LIMITED suspended from trading
- REC-6.89%-5-11-25-S-1A-NCD (ISIN: INE020B07JP4, Code: 935538)
- REC-7.14%-5-11-25-S-1B-NCD (ISIN: INE020B07JQ2, Code: 935540)
- Notice Number: 20251016-37
- Reference: DR-739/2025-2026
- Action mandated for all trading members of the exchange
Regulatory Changes
No regulatory changes. This is a standard corporate action procedure for bond redemption and interest payment.
Compliance Requirements
- Trading members must not deal in the specified REC LIMITED bonds from October 20, 2025
- Members are required to take note of the suspension and ensure compliance
- No trading activity permitted in these securities from the no-dealings date
Important Dates
- Notice Date: October 16, 2025
- Record Date: October 20, 2025
- No Dealings From: October 20, 2025
Impact Assessment
Market Impact: Limited to holders of the two specific REC LIMITED bond series. The suspension is temporary and procedural in nature, related to scheduled redemption and interest payment.
Investor Impact: Bondholders will receive redemption proceeds and final interest payment. No trading is possible from October 20, 2025, which prevents any last-minute position changes.
Operational Impact: Trading members must update their systems to prevent trading in these two bond ISINs from the specified date to ensure compliance with BSE directive.
Impact Justification
Trading suspension affects specific bond series holders but is routine corporate action for scheduled redemption and interest payment