Description

Trading suspended in MMFSL debentures from November 6, 2025 due to redemption and interest payment with record date set for the same day.

Summary

BSE has announced the suspension of trading in non-convertible debentures of Mahindra & Mahindra Financial Services Limited (MMFSL) effective November 6, 2025. The suspension is due to the company fixing the record date for redemption of debentures and payment of interest. Trading members are advised not to deal in the specified debentures from the record date.

Key Points

  • Trading suspended for MMFSL debentures (ISIN: INE774D07UQ7, Code: 974373)
  • Debenture series: MMFSL-8.10%-21-11-25-PVT with 8.10% interest rate
  • Record date set for November 6, 2025
  • Purpose: Redemption of debentures and payment of interest
  • No dealings permitted from November 6, 2025
  • Notice number: DR-750/2025-2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must not deal in the specified MMFSL debentures from November 6, 2025
  • Trading members are required to take note of the suspension and comply with the no-dealings restriction
  • All trading activity in the affected debentures must cease from the specified date

Important Dates

  • Notice Date: October 29, 2025
  • Record Date: November 6, 2025
  • Trading Suspension Date: November 6, 2025 (no dealings from this date)

Impact Assessment

Market Impact: High - Complete suspension of trading in the affected debenture series will impact liquidity for holders of these securities. Investors holding these debentures will not be able to trade them from November 6, 2025.

Investor Impact: Debenture holders with positions as of the record date will receive interest payment and redemption proceeds. Those looking to enter or exit positions must do so before November 6, 2025.

Operational Impact: Trading members must update their systems to block trading in the specified ISIN and ensure compliance with the suspension to avoid potential regulatory issues.

Impact Justification

Complete trading suspension in MMFSL debentures due to upcoming redemption affects all trading members and debenture holders