Description
Trading suspended for SBI Cards NCDs (INE018E08326) from October 30, 2025 due to redemption and interest payment with record date set.
Summary
BSE has announced the suspension of trading in specific Non-Convertible Debentures (NCDs) of SBI Cards and Payment Services Limited. The company has set a record date of October 30, 2025 for redemption of debentures and payment of interest. Trading members are advised not to deal in the specified debentures from October 30, 2025.
Key Points
- Trading suspension applies to SBI Cards NCDs with ISIN INE018E08326 (Code: 974353)
- Debenture series: SBICPSL-7.9%-14-11-25-PVT (7.9% coupon rate)
- Record date set for October 30, 2025
- Purpose: Redemption of debentures and payment of interest
- No dealings permitted from October 30, 2025
- Notice reference: DR-746/2025-2026
Regulatory Changes
No regulatory changes. This is a standard operational notice for debenture redemption process.
Compliance Requirements
- Trading members must not deal in the specified debentures from October 30, 2025
- All exchange members are required to note and comply with the trading suspension
- Members should inform their clients holding these debentures about the suspension
Important Dates
- Notice Date: October 24, 2025
- Record Date: October 30, 2025
- Trading Suspension Date: October 30, 2025
Impact Assessment
Market Impact: Medium - affects only holders of specific SBI Cards debenture series. The suspension is temporary and related to normal redemption process.
Investor Impact: Debenture holders should be aware that they cannot trade these securities from the suspension date. Investors registered as of the record date will receive interest payment and principal redemption.
Operational Impact: Trading members must update their systems to block trades in the specified ISIN from October 30, 2025.
Impact Justification
Affects specific debenture holders of SBI Cards with suspension from Oct 30, 2025 for redemption process