Description

Trading suspended in Northern Arc Capital Ltd. debentures (ISIN: INE850M07483) from October 29, 2025 due to record date for redemption and interest payment.

Summary

BSE has announced the suspension of trading in specific non-convertible debentures of Northern Arc Capital Ltd. effective October 29, 2025. The suspension is implemented due to the company fixing a record date for redemption of debentures and payment of interest. Trading members are advised to cease dealing in the affected debentures from the specified date.

Key Points

  • Trading suspended for Northern Arc Capital Ltd. debentures with ISIN INE850M07483 (Code: 975911)
  • Debenture series: NACL-9.17%-13-11-25-PVT
  • Record date set for October 29, 2025
  • Purpose: Redemption of debentures and payment of interest
  • No dealings permitted from October 29, 2025 onwards
  • Notice reference: DR-745/2025-2026
  • Issued by: Marian Dsouza, Assistant Vice President – Listing Operations (CRD)

Regulatory Changes

No regulatory framework changes. This is a standard operational suspension implemented as per existing BSE procedures for debt securities approaching record dates for corporate actions.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from October 29, 2025
  • All trading members are required to take note of this suspension
  • Members must ensure their systems and operations reflect the trading suspension for ISIN INE850M07483

Important Dates

  • Notice Date: October 24, 2025
  • Record Date: October 29, 2025
  • No Dealings From: October 29, 2025
  • Redemption Date: November 13, 2025 (as indicated by debenture series name)

Impact Assessment

Market Impact: Limited to holders and potential traders of this specific debenture series. The suspension affects a single ISIN and is temporary in nature, related to the scheduled redemption and interest payment process.

Investor Impact: Debenture holders will receive their redemption amount and final interest payment. Investors cannot trade these securities from October 29, 2025 onwards, effectively freezing positions until settlement.

Operational Impact: Trading members must update their systems to block trading in this specific security. The suspension is standard practice for debt securities approaching maturity and should not cause operational disruptions.

Impact Justification

High severity due to complete trading suspension but medium impact as it affects only specific debenture holders of one company for a short period around record date