Description

Trading suspended in NORTHERN ARC CAPITAL LTD. debentures (INE850M07483) from October 29, 2025 due to record date fixed for redemption and interest payment.

Summary

BSE has announced the suspension of trading in non-convertible debentures of NORTHERN ARC CAPITAL LTD. (ISIN: INE850M07483, Code: 975911) effective October 29, 2025. The suspension is due to the company fixing the record date for redemption of debentures and payment of interest. Trading members are advised not to deal in these debentures from the specified date.

Key Points

  • Trading suspended for NORTHERN ARC CAPITAL LTD. debentures (NACL-9.17%-13-11-25-PVT)
  • ISIN: INE850M07483, BSE Code: 975911
  • Record date fixed: October 29, 2025
  • Purpose: Redemption of debentures and payment of interest
  • No dealings permitted from October 29, 2025
  • Notice reference: DR-745/2025-2026
  • Notice number: 20251024-51

Regulatory Changes

No regulatory changes introduced. This is a standard operational notice regarding trading suspension for corporate action processing.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from October 29, 2025
  • Trading members should inform their clients holding these debentures about the trading suspension
  • Members must ensure compliance with the no-dealing restriction to facilitate the corporate action

Important Dates

  • Notice Date: October 24, 2025
  • Record Date: October 29, 2025
  • Trading Suspension Date: October 29, 2025
  • Debenture Maturity: November 13, 2025 (as per security nomenclature)

Impact Assessment

Market Impact: Limited to holders of specific NORTHERN ARC CAPITAL LTD. debentures. The trading suspension is temporary and procedural, allowing the company to process redemption and interest payment to eligible holders as of the record date.

Investor Impact: Debenture holders will not be able to trade these securities from October 29, 2025. Only investors holding the debentures as of the record date will be eligible for the final interest payment and redemption proceeds. The 9.17% coupon rate indicates these are fixed-income securities approaching maturity.

Operational Impact: Trading members must update their systems to block trading in this specific ISIN and inform affected clients about the suspension and upcoming redemption.

Impact Justification

High severity due to immediate trading suspension affecting debenture holders, but medium impact as it affects specific debt securities of one company rather than broader market operations