Description

BSE announces that trading in Shriram Finance Ltd debentures (Scrip Code 974379) will continue from November 6, 2025, as only partial redemption will occur following exercise of put options by holders of 114 out of 500 NCDs.

Summary

BSE has issued a notice confirming that trading in debentures of Shriram Finance Ltd (Scrip Code 974379) will not be suspended and will continue from November 6, 2025. This follows the company’s disclosure that only 114 NCD holders out of 500 total outstanding NCDs have exercised their put option rights for early redemption. Since this represents a partial redemption rather than full redemption, the company requested that trading continue uninterrupted.

Key Points

  • Record date for payment of interest and early redemption on exercise of put option: November 6, 2025
  • 114 NCDs out of 500 total outstanding NCDs have exercised put option for early redemption
  • Partial redemption means 386 NCDs (77.2%) will remain outstanding
  • Trading in debentures with Scrip Code 974379 will continue without suspension from November 6, 2025
  • This notice supersedes the potential suspension mentioned in previous Exchange Notice No. 20251030-61 dated October 30, 2025

Regulatory Changes

No regulatory changes introduced. This is an operational update regarding trading status of specific debentures.

Compliance Requirements

  • Trading members are required to note that debentures with Scrip Code 974379 of Shriram Finance Ltd will continue to trade on and from November 6, 2025
  • No suspension-related compliance actions are required

Important Dates

  • November 6, 2025: Record date for payment of interest and early redemption; trading continues from this date
  • October 30, 2025: Date of previous exchange notice (No. 20251030-61) that mentioned the record date
  • November 4, 2025: Date of current circular confirming non-suspension

Impact Assessment

Market Impact: Low. The continuation of trading is positive for market liquidity and provides certainty to investors. With 77.2% of NCDs remaining outstanding after partial redemption, sufficient float exists to maintain active trading.

Operational Impact: Minimal. Trading operations continue as normal without any suspension period. No disruption to market participants or trading systems.

Investor Impact: Low to moderate for NCD holders. Those who exercised put options (114 NCDs) will receive early redemption, while remaining holders (386 NCDs) can continue trading their securities on the exchange with maintained liquidity.

Impact Justification

Routine operational update confirming continuation of trading due to partial rather than full redemption. Limited market impact as only 114 of 500 NCDs are being redeemed.