Description

Trading suspended for NUVAMA WEALTH FINANCE LIMITED debentures (INE918K07JY2) from November 7, 2025 due to redemption with record date set for the same day.

Summary

BSE has announced the suspension of trading in non-convertible debentures of NUVAMA WEALTH FINANCE LIMITED (ISIN: INE918K07JY2, Code: 974859) effective November 7, 2025. The suspension is due to the company fixing the record date for redemption of these debentures. Trading members are advised not to deal in these debentures from the specified date.

Key Points

  • Company: NUVAMA WEALTH FINANCE LIMITED
  • ISIN: INE918K07JY2
  • BSE Code: 974859
  • Record Date: November 7, 2025
  • Purpose: Redemption of Non-Convertible Debentures
  • No Dealings From: November 7, 2025
  • Notice Number: DR-751/2025-2026
  • Circular Number: 20251031-19

Regulatory Changes

No regulatory framework changes. This is a standard corporate action procedure where trading is suspended to facilitate the redemption process and ensure proper identification of debenture holders as of the record date.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures (INE918K07JY2) from November 7, 2025 onwards
  • Trading members are required to take note of this suspension and update their trading systems accordingly
  • Members should inform their clients holding these debentures about the suspension and upcoming redemption

Important Dates

  • October 31, 2025: Circular issued by BSE
  • November 7, 2025: Record date for redemption of debentures
  • November 7, 2025: Trading suspension effective date (no dealings permitted from this date)

Impact Assessment

Market Impact: Medium - The trading suspension affects only a specific series of debentures issued by NUVAMA WEALTH FINANCE LIMITED. Holders of these debentures will not be able to trade them from November 7, 2025.

Investor Impact: Debenture holders who wish to exit their positions must do so before November 7, 2025. After this date, trading will not be permitted, and holders will proceed through the redemption process as per the debenture terms.

Operational Impact: Trading members need to update their systems to block trading in this specific ISIN and inform affected clients about the suspension and redemption schedule.

Impact Justification

High severity for debenture holders due to trading suspension, but medium impact as it affects only specific debenture series and is a scheduled corporate action with advance notice