Description

Trading suspended in JM Financial Services Limited debentures (INE012I07058) 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 non-convertible debentures of JM Financial Services 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

  • Debenture ISIN: INE012I07058 (Code: 975207)
  • Debenture Series: JMFSL-8.75%-20-11-25-PVT
  • Record Date: November 4, 2025
  • No Dealings From: November 4, 2025
  • Purpose: Redemption of Debentures and Payment of Interest
  • Notice Reference: DR-749/2025-2026
  • Notice Date: October 29, 2025

Regulatory Changes

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

Compliance Requirements

  • Trading members must cease all dealings in the specified debentures from November 4, 2025
  • Trading members must take note of the suspension and ensure compliance
  • No new trades should be executed in the affected debenture series

Important Dates

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

Impact Assessment

Market Impact: Limited impact as this affects only holders of specific JM Financial Services debentures (8.75% series maturing November 20, 2025). The suspension is procedural and related to the redemption process.

Investor Impact: Debenture holders on record as of November 4, 2025 will receive their interest payment and principal redemption. Investors cannot trade these debentures from the suspension date.

Operational Impact: Trading members must update their systems to prevent trades in the affected ISIN. This is a routine corporate action with minimal operational disruption.

Impact Justification

Routine debenture redemption and interest payment requiring trading suspension. Medium impact as it affects specific debt instrument holders but is a standard corporate action with clear timeline.