Description
Trading suspended in KMPL debentures (INE916DA7SD0) from November 4, 2025 due to upcoming redemption with record date set for the same day.
Summary
BSE has announced the suspension of trading in specific non-convertible debentures of Kotak Mahindra Prime Limited (KMPL) effective November 4, 2025. The suspension is due to the company setting a record date for redemption of the debentures bearing ISIN INE916DA7SD0 (Code: 974591). Trading members are advised not to deal in these debentures from the specified date.
Key Points
- Trading suspension applies to KMPL debentures with ISIN: INE916DA7SD0 (Code: 974591)
- Debenture series: KMPL-7.92%-20-11-25-PVT
- Record date for redemption: November 4, 2025
- No dealings permitted from: November 4, 2025
- Notice reference: DR-749/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard corporate action procedure for debenture redemption.
Compliance Requirements
- Trading members must not deal in the specified KMPL debentures from November 4, 2025
- Trading members must take note of the suspension and inform their clients accordingly
- All trading activity in the affected debentures must cease from the specified date
Important Dates
- Notice Date: October 29, 2025
- Record Date: November 4, 2025
- Trading Suspension Date: November 4, 2025
Impact Assessment
Market Impact: Limited to holders and traders of the specific KMPL debenture series. The suspension is temporary and directly related to the redemption process.
Investor Impact: Debenture holders as of the record date will receive redemption proceeds. No trading opportunity available from November 4, 2025 onwards for this specific instrument.
Operational Impact: Trading members need to update their systems to block trading in the affected debentures and communicate the suspension to clients holding or interested in these securities.
Impact Justification
Routine debenture redemption process affecting specific debt security holders. Limited to single instrument with clear timeline.