Description

Trading suspended in JM Financial Services Limited debentures (ISIN: INE012I07058) from November 4, 2025 due to redemption and interest payment with record date set for the same date.

Summary

BSE has announced the suspension of trading in Non-Convertible Debentures (NCDs) of JM Financial Services Limited effective November 4, 2025. The suspension is necessitated by the company’s scheduled redemption of debentures and payment of interest, with the record date fixed as November 4, 2025. Trading members are advised not to deal in the specified debentures from the suspension date.

Key Points

  • JM Financial Services Limited (JMFSL) 8.75% debentures maturing November 20, 2025 will be suspended from trading
  • ISIN: INE012I07058 (Security Code: 975207)
  • Record date fixed: November 4, 2025
  • Purpose: Redemption of debentures and payment of interest
  • No dealings permitted from November 4, 2025
  • Notice reference: DR-749/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification for debenture redemption and trading suspension.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures (ISIN: INE012I07058) from November 4, 2025 onwards
  • Trading members are required to take note of the suspension and ensure compliance with the no-dealings directive
  • Members should update their systems to reflect the trading suspension

Important Dates

  • October 29, 2025: Circular issued by BSE
  • November 4, 2025: Record date for interest payment and redemption
  • November 4, 2025: Trading suspension effective date (no dealings from this date)
  • November 20, 2025: Debenture maturity date

Impact Assessment

Market Impact: Limited to holders and traders of this specific debenture series. The trading suspension ensures orderly redemption process and prevents trading after the record date.

Operational Impact: Trading members must update their systems to block trading in the specified security. Debenture holders as of the record date will receive their redemption proceeds and final interest payment.

Investor Impact: Existing debenture holders will receive their principal and accrued interest as scheduled. No new investors can acquire these debentures after November 3, 2025.

Impact Justification

Trading suspension affects specific debenture holders and trading members dealing with JM Financial Services debt securities. Impact limited to single security series with upcoming redemption.