Description

Trading in debentures of KLM AXIVA FINVEST LTD (Scrip Code 940523) to resume from October 24, 2025, following clarification that the record date was for interest payment and not redemption.

Summary

BSE has announced the resumption of trading in debentures of KLM AXIVA FINVEST LTD (Scrip Code 940523) effective October 24, 2025. This follows a clarification from the company that the record date of October 17, 2025, previously communicated via Exchange Notice No. 20251013-45, was for payment of interest and not for redemption of debentures as initially indicated.

Key Points

  • Trading in KLM AXIVA FINVEST LTD debentures (Scrip Code 940523) will resume from October 24, 2025
  • The company clarified that the record date of October 17, 2025 was for interest payment purposes only
  • The record date was not for redemption of debentures as previously communicated
  • Reference: DR-742/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Operations (CRD)

Regulatory Changes

No new regulatory changes introduced. This circular corrects a previous communication regarding the purpose of the record date.

Compliance Requirements

  • Trading Members must note that debentures with Scrip Code 940523 will be available for trading from October 24, 2025
  • Market participants should update their systems to reflect the resumption of trading in these debentures

Important Dates

  • October 13, 2025: Original notice (No. 20251013-45) issued communicating record date
  • October 17, 2025: Record date for interest payment (not redemption)
  • October 23, 2025: Clarification notice issued
  • October 24, 2025: Trading resumes in debentures of KLM AXIVA FINVEST LTD (Scrip Code 940523)

Impact Assessment

Market Impact: Medium - The resumption of trading restores liquidity for holders of KLM AXIVA FINVEST debentures. The clarification prevents confusion regarding the instrument’s redemption status.

Operational Impact: Trading Members and investors holding these debentures can resume normal trading activities from October 24, 2025. This resolves any trading restrictions that may have been in place due to the previous redemption communication.

Investor Impact: Debenture holders can now trade their holdings, and the clarification confirms that the instruments remain active with interest payments being processed as per schedule.

Impact Justification

Impacts investors holding KLM AXIVA FINVEST debentures by resuming trading after clarification on record date purpose. Medium impact as it affects a specific debt instrument.