Description

Trading in debt securities of SML (ISIN: INE982X07341) with 12.75% interest rate maturing on October 20, 2025 will be suspended from October 17, 2025.

Summary

BSE has issued notice DR-738/2025-2026 announcing the suspension of trading in specific debt securities of SML that are set to mature on October 20, 2025. Trading members are instructed not to deal in these debentures effective October 17, 2025.

Key Points

  • Debt securities with SCRIP CODE 974313 and ISIN INE982X07341 to be suspended
  • The debentures carry a 12.75% interest rate and mature on October 20, 2025
  • Trading suspension takes effect from October 17, 2025
  • Notice issued under reference DR-738/2025-2026
  • Trading members advised not to execute any transactions in these securities

Regulatory Changes

No new regulatory changes introduced. This is a standard procedural notice for debt security maturity.

Compliance Requirements

  • Trading members must cease all trading activities in the specified debentures (SCRIP CODE 974313, ISIN INE982X07341) from October 17, 2025
  • Members must ensure no buy or sell orders are placed for these securities after the suspension date
  • Trading members must take note of the suspension and update their systems accordingly

Important Dates

  • October 16, 2025: Notice date
  • October 17, 2025: Trading suspension effective date
  • October 20, 2025: Maturity date of the debt securities

Impact Assessment

Market Impact: Low to medium. This is a routine suspension affecting a single debt security series. Impact is limited to holders of these specific debentures.

Operational Impact: Trading members need to update their systems to block trading in the specified scrip. Investors holding these debentures will need to wait for maturity proceeds rather than liquidating through market trading.

Investor Impact: Investors holding these debentures cannot exit their positions through secondary market trading after October 16, 2025. They will receive their principal and final interest payment on the maturity date of October 20, 2025.

Impact Justification

Routine trading suspension due to debt security maturity. Impacts only holders of specific debenture series. Limited market-wide impact.