Description

Trading suspended in MMFL debentures from November 6, 2025 due to upcoming redemption with record date set for the same date.

Summary

BSE has announced the suspension of trading in Non-Convertible Debentures (NCDs) of Muthoottu Mini Financiers Limited effective November 6, 2025. The suspension is due to the company fixing a record date for redemption of its 10.5% debentures maturing on November 21, 2025. Trading members are advised not to deal in the specified debentures from the no-dealings date.

Key Points

  • Trading suspended for MMFL 10.5% NCDs (ISIN: INE101Q07847, Code: 937331)
  • Record date for redemption: November 6, 2025
  • No dealings permitted from: November 6, 2025
  • Debenture maturity date: November 21, 2025
  • Notice issued under reference: DR-750/2025-2026

Regulatory Changes

No regulatory changes announced. This is a standard corporate action notice for debenture redemption.

Compliance Requirements

  • Trading members must not execute any trades in the specified MMFL debentures from November 6, 2025
  • Trading members are required to note this suspension and inform their clients holding these debentures
  • Ensure all systems are updated to prevent inadvertent trading in suspended securities

Important Dates

  • October 29, 2025: Circular issued
  • November 6, 2025: Record date for redemption; no dealings commence
  • November 21, 2025: Debenture maturity date

Impact Assessment

The suspension affects holders of MMFL’s 10.5% Non-Convertible Debentures issued in 2021. This is a routine corporate action with limited market-wide impact, primarily affecting debenture holders who will receive their redemption proceeds. Trading members must ensure compliance with the no-dealings restriction to avoid regulatory issues. The suspension ensures orderly redemption process and prevents trading during the record date determination period.

Impact Justification

Standard debenture redemption process affecting specific NCD holders; limited broader market impact but important for affected debenture holders and trading members