Description
BSE suspends trading in five series of non-convertible debentures of SAMMAAN CAPITAL LIMITED from October 20, 2025 due to record date for redemption and interest payment.
Summary
BSE has issued a trading suspension notice for five series of non-convertible debentures (NCDs) issued by SAMMAAN CAPITAL LIMITED. The suspension is effective from October 20, 2025, due to the company fixing the record date for redemption of debentures and payment of interest. Trading members are advised not to deal in the specified debentures from the no-dealings date.
Key Points
- Five series of NCDs of SAMMAAN CAPITAL LIMITED will be suspended from trading
- Record date fixed as October 20, 2025 for redemption and interest payment
- No dealings permitted from October 20, 2025
- Notice reference: DR-739/2025-2026
- All affected debentures have maturity date of November 3, 2025
- Interest rates range from 8.80% to 9.3% across different series
Affected Securities
Debenture Details
- SCL-8.80%-03-11-25-NCD (ISIN: INE148I07MQ0, Code: 938240)
- SCL-9.3%-3-11-25-NCD (ISIN: INE148I07MR8, Code: 938242)
- SC-03-11-25-NCD (ISIN: INE148I07MT4, Code: 938244)
- SCL-03-11-25-NCD (ISIN: INE148I07MS6, Code: 938248)
- SCL-8.94%-03-11-25-NCD (ISIN: INE148I07MY4, Code: 938250)
Compliance Requirements
- Trading members must cease dealing in the specified debentures from October 20, 2025
- Members are required to take note of the suspension and comply with the no-dealing restriction
- The suspension applies to all trading activities in the listed debenture series
Important Dates
| Date | Event |
|---|---|
| October 16, 2025 | Notice issued by BSE |
| October 20, 2025 | Record date for redemption and interest payment |
| October 20, 2025 | No dealings effective date (trading suspension) |
| November 3, 2025 | Debenture maturity date (all series) |
Impact Assessment
For Debenture Holders:
- Investors holding these NCDs will receive interest payment and redemption proceeds based on holdings as of record date
- No ability to trade these securities from October 20, 2025 onwards
- Debentures are near maturity (November 3, 2025), minimizing trading impact
For Trading Members:
- Must update systems to prevent trading in specified ISINs from October 20, 2025
- Need to communicate suspension to clients holding or interested in these securities
Market Impact:
- Limited broader market impact as suspension is specific to one issuer’s debt securities
- Standard corporate action procedure for debenture redemption
- Short suspension period (approximately 14 days until maturity)
Impact Justification
High severity for debenture holders due to trading suspension, but medium overall impact as it affects a single company's debt securities with upcoming redemption.