Description

Trading suspended in ECL Finance Limited debentures (INE804I073Z6) from November 4, 2025 due to redemption and interest payment with record date set for the same day.

Summary

BSE has announced the suspension of trading in specific debentures of ECL Finance Limited effective November 4, 2025. The suspension is due to the company fixing a record date for redemption of debentures and payment of interest. Trading members are advised not to deal in the specified debentures from the no-dealings date.

Key Points

  • Trading suspended for ECL Finance Limited debentures with ISIN INE804I073Z6 (Code: 958411)
  • Debenture series: ECL-10.75%-19-11-25-PVT with 10.75% coupon rate
  • Record date set for November 4, 2025
  • Purpose: Redemption of debentures and payment of interest
  • Circular reference: DR-749/2025-2026
  • Notice issued by Assistant Vice President - Listing Compliance and Operations

Regulatory Changes

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

Compliance Requirements

  • Trading members must not execute any deals in the specified debentures from November 4, 2025 onwards
  • Trading members must take note of the suspension and communicate to relevant stakeholders
  • No trading or dealing permitted in debenture ISIN INE804I073Z6 from the specified date

Important Dates

  • Notice Date: October 29, 2025
  • Record Date: November 4, 2025
  • No Dealings From: November 4, 2025

Impact Assessment

Market Impact: Limited to holders and traders of the specific ECL Finance Limited debenture series. Investors holding these debentures will receive their interest payment and principal redemption amount based on the record date.

Operational Impact: Trading members must update their systems to block trading in this specific ISIN. Debenture holders on record as of November 4, 2025 will be eligible for the final interest payment and redemption proceeds.

Liquidity Impact: Secondary market liquidity for this debenture series will cease from November 4, 2025, as the instrument reaches maturity and is redeemed.

Impact Justification

Trading suspension in specific debenture series affects debt market participants holding or trading these securities. Impact limited to single issuer and specific ISIN.