Description

BSE suspends trading in specific debentures of Kotak Mahindra Investments Limited from October 20, 2025, due to scheduled redemption with record date set for the same day.

Summary

BSE has announced the suspension of trading in specific Non-Convertible Debentures (NCDs) issued by Kotak Mahindra Investments Limited effective October 20, 2025. The suspension is implemented due to the company fixing a record date for redemption purposes. Trading members are explicitly advised not to deal in the specified debentures from the suspension date.

Key Points

  • Trading suspended for debentures with ISIN INE975F07HU4 (Code: 974317)
  • Debenture series: KMIL-8%-4-11-25-PVT (8% coupon rate)
  • Record date set for October 20, 2025
  • No dealings permitted from October 20, 2025 onwards
  • Suspension notice reference: DR-739/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Operations (CRD)

Regulatory Changes

No regulatory changes introduced. This is a standard operational procedure for debenture redemption requiring trading suspension to prevent transactions after the record date.

Compliance Requirements

  • Trading members must cease all dealings in the specified debentures from October 20, 2025
  • Members must ensure no trades are executed in ISIN INE975F07HU4 after the suspension date
  • Trading members are required to take note of this suspension and communicate to relevant stakeholders

Important Dates

  • Notice Date: October 16, 2025
  • Record Date: October 20, 2025
  • Suspension Effective From: October 20, 2025
  • Purpose Date: Redemption scheduled as per debenture terms

Impact Assessment

Market Impact: Low - affects only holders of this specific debenture series

Operational Impact: Minimal - routine suspension process for single debenture series redemption

Investor Impact: Limited to existing debenture holders who will receive redemption proceeds as per terms. No new trading activity permitted after record date, which is standard practice for debt instrument redemptions.

Liquidity Impact: No broader market liquidity concerns as this applies to a single private placement debenture series with limited secondary market trading.

Impact Justification

Routine suspension for single debenture series redemption affecting limited market participants with specific debt holdings