Description

Trading suspended for two series of non-convertible debentures of Muthoot Mercantile Limited from November 11, 2025 due to record date for redemption and interest payment.

Summary

BSE has announced the suspension of trading in two series of non-convertible debentures (NCDs) issued by Muthoot Mercantile Limited effective November 11, 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 these specified debentures from the suspension date.

Key Points

  • Two NCD series of Muthoot Mercantile Limited will be suspended from trading
  • MML-10.5%-26-11-25-NCD (ISIN: INE05F407CJ7, Scrip Code: 939489)
  • MML-ZC-26-11-25-NCD (ISIN: INE05F407CF5, Scrip Code: 939491)
  • Record date fixed as November 11, 2025
  • Purpose: Redemption of debentures and payment of interest
  • No dealings permitted from November 11, 2025
  • Notice issued under reference DR-753/2025-2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must cease all trading activities in the specified debentures from November 11, 2025
  • Trading members should update their systems to reflect the suspension status
  • No buy or sell orders should be accepted for these securities from the no-dealings date
  • Members must inform their clients holding these debentures about the suspension and upcoming redemption

Important Dates

  • Notice Date: November 4, 2025
  • Record Date: November 11, 2025
  • No Dealings From: November 11, 2025

Impact Assessment

Market Impact: Limited impact as this affects only two specific debenture series of Muthoot Mercantile Limited. The suspension is temporary and related to the redemption process.

Investor Impact: Debenture holders should note that these securities will not be tradeable from November 11, 2025. Investors wishing to exit should do so before the suspension date. Those holding on the record date will receive interest payment and redemption proceeds as per the debenture terms.

Operational Impact: Trading members need to ensure their systems are updated to prevent any inadvertent trading in these suspended securities. Back-office operations should be prepared to handle redemption settlements for clients holding these debentures.

Impact Justification

Routine suspension for debenture redemption affecting two NCD series. Limited to specific debt securities with defined record date.