Description
Trading suspended in debentures (INE018E08326) from October 30, 2025 due to upcoming redemption and interest payment with record date October 30, 2025.
Summary
BSE has suspended trading in Non-Convertible Debentures (ISIN: INE018E08326, Code: 974353) of SBI Cards and Payment Services Limited effective October 30, 2025. The suspension is imposed to facilitate the redemption of debentures and payment of interest, with the record date fixed as October 30, 2025. Trading members are advised not to deal in these debentures from the suspension date.
Key Points
- Debenture: SBI Cards and Payment Services Limited 7.9% maturing November 14, 2025 (Private Placement)
- ISIN: INE018E08326
- BSE Code: 974353
- Record Date: October 30, 2025
- No dealings permitted from: October 30, 2025
- Purpose: Redemption of Debentures and Payment of Interest
- Notice Reference: DR-746/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notice for debenture redemption and interest payment processing.
Compliance Requirements
- Trading members must not execute any trades in the specified debentures from October 30, 2025
- Trading members are required to take note of the suspension and communicate to relevant clients
- All dealing activity in ISIN INE018E08326 must cease from the specified date
Important Dates
| Date | Event |
|---|---|
| October 24, 2025 | Notice issued by BSE |
| October 30, 2025 | Record date for redemption and interest payment |
| October 30, 2025 | Trading suspension effective date |
| November 14, 2025 | Debenture maturity date |
Impact Assessment
Market Impact: Medium - affects holders of specific private placement debentures of SBI Cards. The suspension is temporary and procedural in nature to facilitate orderly redemption and interest payment.
Operational Impact: Trading members holding or dealing in these debentures need to halt all trading activity from October 30, 2025. Investors holding these debentures will receive redemption proceeds and final interest payment as per the record date.
Investor Impact: Debenture holders as of the record date (October 30, 2025) will be eligible for redemption proceeds and interest payment. No trading opportunity available from suspension date until redemption is completed.
Impact Justification
Affects specific debenture holders of SBI Cards with defined suspension period for redemption and interest payment processing