Description
Trading suspended for Steel Authority of India Limited debt securities (SCRIP CODE: 972513, ISIN: INE114A07638) effective October 23, 2025 due to maturity on October 26, 2025.
Summary
BSE has issued a notice suspending trading in Steel Authority of India Limited (SAIL) debt securities effective October 23, 2025. The affected bonds (SAIL-AK-XII-8.80%-26-10-25-PVT) with SCRIP CODE 972513 and ISIN INE114A07638 are scheduled to mature on October 26, 2025. Trading members are advised not to deal in these securities from the suspension date.
Key Points
- Trading suspension effective from October 23, 2025
- Affected security: SAIL-AK-XII-8.80%-26-10-25-PVT (Private Placement)
- SCRIP CODE: 972513
- ISIN: INE114A07638
- Maturity date: October 26, 2025
- Notice reference: DR-741/2025-2026
- Issued by: Marian Dsouza, Assistant Vice President – Listing Operations (CRD)
Regulatory Changes
No regulatory changes. This is a standard procedural notice for bond maturity.
Compliance Requirements
- Trading members must cease all trading activities in the specified debt securities from October 23, 2025
- Members should update their systems to reflect the trading suspension
- No new positions should be created in these securities
Important Dates
- October 21, 2025: Notice date
- October 23, 2025: Trading suspension effective date
- October 26, 2025: Bond maturity date
Impact Assessment
Minimal market impact as this is a routine suspension for maturing debt securities. Only affects holders of this specific SAIL bond issue. The three-day gap between suspension and maturity allows for settlement of existing transactions. This is standard practice for debt securities approaching maturity and does not indicate any credit issues or market concerns.
Impact Justification
Routine trading suspension notice for maturing debt securities affecting single bond issue with limited market impact