Description
Trading suspended in INDUSIND SECURITIES LIMITED debenture (ISL-Nifty-29-5-26-PVT) from October 23, 2025 due to redemption on exercise of put option with record date October 23, 2025.
Summary
BSE has announced the suspension of trading in a specific non-convertible debenture issued by INDUSIND SECURITIES LIMITED (ISIN: INE923I07171, Code: 973204) effective October 23, 2025. The suspension is due to the redemption of debentures on exercise of put option, with the record date set for October 23, 2025. Trading members are advised not to deal in this debenture from the specified date.
Key Points
- Debenture series: ISL-Nifty-29-5-26-PVT (ISIN: INE923I07171, BSE Code: 973204)
- Record date for redemption: October 23, 2025
- No dealings permitted from: October 23, 2025
- Reason: Redemption of debentures on exercise of put option
- Circular reference: DR-741/2025-2026
- Notice issued: October 17, 2025
Regulatory Changes
No new regulatory framework changes. This is a standard corporate action notice pursuant to existing regulations governing debenture redemption and trading suspension procedures.
Compliance Requirements
- Trading Members: Must cease all dealings in the specified debenture (ISL-Nifty-29-5-26-PVT) from October 23, 2025
- Trading Members: Must ensure compliance with the no-dealings restriction to avoid regulatory violations
- Debenture Holders: Should note the record date of October 23, 2025 for redemption eligibility
Important Dates
- October 17, 2025: Circular issued by BSE
- October 23, 2025: Record date for redemption on exercise of put option
- October 23, 2025: Trading suspension effective date (no dealings from this date)
Impact Assessment
Market Impact: Limited to holders and traders of the specific INDUSIND SECURITIES LIMITED debenture series. Trading suspension is procedural and related to the redemption process.
Operational Impact: Trading members must update their systems and processes to block trading in this specific ISIN from October 23, 2025. Debenture holders exercising the put option will receive redemption proceeds as per the debenture terms.
Investor Impact: Medium - affects investors holding this specific debenture series. Those who wish to exit before redemption must do so before October 23, 2025. Post-suspension, the debenture will proceed to redemption for eligible holders.
Impact Justification
Trading suspension affects specific debenture holders and trading members dealing with INDUSIND SECURITIES LIMITED debt instruments. Impact limited to single debenture series but requires immediate attention for no-dealings compliance.