Description

Trading suspended in LMC bonds (INE05OC24025) from October 31, 2025 due to record date for redemption and interest payment.

Summary

BSE has suspended trading in bonds issued by Lucknow Municipal Corporation (LMC-MUNIBOND-8.5%-18-11-25-MB, ISIN: INE05OC24025, Code: 929007) effective October 31, 2025. The suspension is due to the company fixing a record date for redemption of bonds and payment of interest. Trading members are advised not to deal in these bonds from the specified date.

Key Points

  • Bond ISIN: INE05OC24025
  • Bond Code: 929007
  • Bond Description: LMC-MUNIBOND-8.5%-18-11-25-MB
  • Record date set for October 31, 2025
  • Trading suspension effective from October 31, 2025
  • Purpose: Redemption of bonds and payment of interest
  • Reference: DR-747/2025-2026

Regulatory Changes

No regulatory changes. This is a standard operational measure for bond redemption.

Compliance Requirements

  • Trading members must cease all dealings in the specified Lucknow Municipal Corporation bonds from October 31, 2025
  • Members should update their systems to reflect the trading suspension
  • No buy or sell orders should be accepted for these bonds from the specified date

Important Dates

  • October 28, 2025: Notice date
  • October 31, 2025: Record date for redemption and interest payment
  • October 31, 2025: Trading suspension effective date

Impact Assessment

Market Impact: Medium - affects only holders and potential traders of specific Lucknow Municipal Corporation bonds. The suspension is temporary and linked to scheduled redemption.

Operational Impact: Trading members holding positions or having pending orders in these bonds need to take immediate action. Investors holding these bonds will receive redemption proceeds and interest payments based on October 31 record date holdings.

Investor Impact: Bondholders as of record date will receive final interest payment and principal redemption. No trading opportunity available from October 31 onwards for position adjustments.

Impact Justification

High severity due to complete trading suspension, but medium overall impact as it affects only specific municipal bonds with scheduled redemption. Limited to debt segment participants.