Description

Trading suspended in two series of INCRED FINANCIAL SERVICES LIMITED debentures from October 24, 2025 due to upcoming redemption and interest payment with record date of October 26, 2025.

Summary

BSE has announced the suspension of trading in two series of Non-Convertible Debentures (NCDs) issued by INCRED FINANCIAL SERVICES LIMITED effective from October 24, 2025. The suspension is implemented ahead of the record date of October 26, 2025, which has been fixed for redemption of debentures and payment of interest. Trading members are advised not to deal in these specified debentures.

Key Points

  • Two NCD series of INCRED FINANCIAL SERVICES LIMITED affected by trading suspension
  • IFSL-9.55%-10-11-25-NCD (ISIN: INE321N07335, Code: 939006)
  • IFSL-9.66%-10-11-25-NCD (ISIN: INE321N07350, Code: 939008)
  • Trading suspension effective from October 24, 2025
  • Record date set for October 26, 2025
  • Purpose: Redemption of debentures and payment of interest
  • Notice reference: DR-742/2025-2026
  • Issued by Marian Dsouza, Assistant Vice President – Listing Operations (CRD)

Regulatory Changes

No regulatory changes introduced. This is a standard operational notice for trading suspension ahead of corporate action completion.

Compliance Requirements

  • Trading members must not deal in the specified debentures from October 24, 2025
  • Members are required to take note of the suspension and ensure compliance
  • No transactions should be executed in INE321N07335 (939006) and INE321N07350 (939008) from the no-dealings date

Important Dates

  • October 16, 2025: Notice issued
  • October 24, 2025: Trading suspension begins (no dealings from this date)
  • October 26, 2025: Record date for redemption and interest payment
  • November 10, 2025: Implied maturity date based on debenture nomenclature

Impact Assessment

Market Impact: Limited to holders and traders of these specific two NCD series. The suspension is temporary and related to the planned maturity and final interest payment process.

Investor Impact: Debenture holders as of the record date (October 26, 2025) will receive their redemption amount and final interest payment. Trading liquidity is removed for 3 days before the record date to finalize beneficial ownership.

Operational Impact: Trading members must update their systems to block trading in these securities. The suspension ensures clean settlement of the corporate action without complications from ongoing trades.

Severity Rationale: High severity for affected investors who may need liquidity in these specific instruments, but the planned nature and advance notice mitigate operational risks.

Impact Justification

High severity due to trading suspension affecting specific debenture holders, but medium impact as it only affects two specific NCD series of one company with planned redemption