Description

Trading suspended in INE923I07171 debenture of INDUSIND SECURITIES LIMITED from October 23, 2025 due to redemption on exercise of put option.

Summary

BSE has suspended trading in the non-convertible debenture (ISIN: INE923I07171, Code: 973204) of INDUSIND SECURITIES LIMITED effective October 23, 2025. The suspension is due to the company fixing a record date for redemption of debentures on exercise of put option. Trading members are advised not to deal in this debenture from the suspension date.

Key Points

  • Debenture ISIN: INE923I07171 (ISL-Nifty-29-5-26-PVT)
  • BSE Code: 973204
  • Record date for redemption: October 23, 2025
  • No dealings permitted from: October 23, 2025
  • Purpose: Redemption of Debentures on Exercise of Put Option
  • Notice Number: DR-741/2025-2026
  • Issued by: Marian Dsouza, Assistant Vice President – Listing Operations (CRD)

Regulatory Changes

No regulatory changes introduced. This is a standard operational circular for trading suspension related to corporate action.

Compliance Requirements

  • Trading members must cease all dealings in the specified debenture (INE923I07171) from October 23, 2025
  • Trading members must take note of the suspension and ensure compliance with the no-dealing restriction
  • All trades must be settled before the suspension date

Important Dates

  • October 17, 2025: Circular issued
  • October 23, 2025: Record date for redemption
  • October 23, 2025: Trading suspension effective date (no dealings from this date)

Impact Assessment

Market Impact: Limited impact as this affects only a single debenture issue. Holders of this specific debenture who wish to exercise the put option will have their securities redeemed as per the terms.

Operational Impact: Trading members must update their systems to block trading in this debenture from October 23, 2025. Investors holding this debenture should be aware that trading will not be possible from the suspension date.

Investor Impact: Debenture holders who exercise the put option will receive redemption proceeds as per the debenture terms. Those not exercising the option should note that trading will be suspended, affecting liquidity.

Impact Justification

Trading suspension affects specific debenture holders and trading members dealing with this security. Limited to single debenture issue of INDUSIND SECURITIES LIMITED.