Description

Trading suspended from October 30, 2025 due to early full redemption of NCD (ISIN: INE091I07011) maturing on June 30, 2026.

Summary

BSE has suspended trading in the 20% Non-Convertible Debentures (NCD) of Ahmedabad Ring Road Infrastructure Ltd (scrip code 975947, ISIN: INE091I07011) effective October 30, 2025. The suspension follows the company’s notification of early full redemption of these debentures, originally scheduled to mature on June 30, 2026.

Key Points

  • Trading Members advised not to deal in the specified debentures from October 30, 2025
  • Early full redemption initiated by Ahmedabad Ring Road Infrastructure Ltd
  • Debenture details: 20% coupon rate, original maturity June 30, 2026
  • ISIN: INE091I07011, Scrip Code: 975947
  • Reference: DR-746/2025-2026
  • Circular issued by Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No regulatory changes. This is a standard administrative action following early redemption by the issuer.

Compliance Requirements

  • Trading Members must not execute any trades in the specified debentures (ISIN: INE091I07011, Scrip Code: 975947)
  • Members are required to take note of this suspension and ensure compliance from the effective date
  • Any outstanding positions should be managed in accordance with exchange guidelines

Important Dates

  • Circular Date: October 29, 2025
  • Trading Suspension Effective Date: October 30, 2025
  • Original Maturity Date: June 30, 2026 (now superseded by early redemption)

Impact Assessment

Market Impact: Low - affects a single privately placed debenture issue with limited trading activity in the debt segment.

Investor Impact: Debenture holders will receive early redemption proceeds. No negative impact as this is a full redemption event, not a default.

Operational Impact: Trading Members need to update their systems to block trading in this specific scrip code (975947) from October 30, 2025.

Impact Justification

Affects only a single privately placed debenture issue with early redemption. Limited market impact as trading members advised not to deal in specific scrip.