Description
BSE announces suspension of trading in debt securities of SML with 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 (Scrip Code: 974313, ISIN: INE982X07341) with effect from October 17, 2025. The suspension is due to the maturity of the 12.75% debentures on October 20, 2025. Trading members are advised not to deal in these debentures from the effective date.
Key Points
- Scrip Code: 974313
- ISIN: INE982X07341
- Security: SML-12.75%-20-10-25-PVT (privately placed debentures)
- Coupon Rate: 12.75%
- Maturity Date: October 20, 2025
- Trading Suspension Date: October 17, 2025
- Circular Reference: DR-738/2025-2026
Regulatory Changes
No regulatory changes. This is a standard operational notice for debt security maturity.
Compliance Requirements
- Trading members must not deal in the specified debentures from October 17, 2025
- Trading members should update their systems to reflect the suspension
- No new trades should be executed in this security
Important Dates
- October 16, 2025: Notice date
- October 17, 2025: Trading suspension effective date
- October 20, 2025: Debenture maturity date
Impact Assessment
Market Impact: Low - This is a routine suspension affecting a single privately placed debt security approaching maturity. The suspension is procedural and expected.
Investor Impact: Minimal - Investors holding these debentures will receive their principal and final interest payment on the maturity date. No trading impact for equity markets.
Operational Impact: Low - Standard procedure for maturing debt securities with no broader market implications.
Impact Justification
Routine suspension notice for maturing debt securities affecting single scrip with limited market impact