Description
Trading suspended in six series of non-convertible debentures of SAMMAAN CAPITAL LIMITED from October 27, 2025 due to redemption and interest payment with record date October 27, 2025.
Summary
BSE has suspended trading in six series of non-convertible debentures (NCDs) issued by SAMMAAN CAPITAL LIMITED effective October 27, 2025. The suspension is due to the company fixing a record date for redemption of debentures and payment of interest. Trading members are advised not to deal in these specified debentures from the no-dealings date.
Key Points
- Six NCD series of SAMMAAN CAPITAL LIMITED affected by trading suspension
- All suspensions effective from October 27, 2025
- Record date for redemption and interest payment: October 27, 2025
- Trading members instructed to cease dealings in these securities
- Notice reference: DR-743/2025-2026
- Segment: Debt
Affected Securities
SAMMAAN CAPITAL LIMITED - Six NCD Series:
SC-9.25%-9-11-25-NCD (ISIN: INE148I07PW1, Code: 938960)
- Coupon: 9.25%
SCL-9.65%-09-11-25-NCD (ISIN: INE148I07QN8, Code: 938962)
- Coupon: 9.65%
SCL-8.88%-9-11-25-NCD (ISIN: INE148I07QF4, Code: 938964)
- Coupon: 8.88%
SCL-9.25%-9-11-25-NCD (ISIN: INE148I07QG2, Code: 938966)
- Coupon: 9.25%
SC-ZC-9-11-25-NCD (ISIN: INE148I07QJ6, Code: 938968)
- Zero Coupon
SCL-ZC-9-11-25-NCD (ISIN: INE148I07QL2, Code: 938970)
- Zero Coupon
Compliance Requirements
- Trading members must not deal in the specified debentures from October 27, 2025
- All exchange participants must note the suspension and comply with the no-dealings instruction
- Corporate action reference DR-743/2025-2026 should be tracked for updates
Important Dates
- October 23, 2025: Circular issued
- October 27, 2025: Record date for redemption and interest payment
- October 27, 2025: Trading suspension effective (no dealings from this date)
Impact Assessment
Market Impact: Medium - The suspension affects multiple debenture series but is limited to SAMMAAN CAPITAL LIMITED’s debt instruments. NCD holders expecting redemption and interest payment are directly impacted.
Investor Impact: High for holders of these specific NCDs - they cannot exit positions through secondary market trading from October 27, 2025 onwards. However, this is standard procedure for corporate actions involving redemption.
Trading Impact: Trading liquidity in these six debenture series will cease from the specified date. The suspension appears related to normal corporate action processing for maturity/redemption rather than regulatory concerns.
Impact Justification
Trading suspension affects six debenture series but limited to a specific company's debt instruments; important for NCD holders but narrow market impact