Description

Trading suspended in JM Financial Products Limited debentures (ISIN: INE523H07BX5) from November 7, 2025 due to partial redemption and interest payment with record date November 8, 2025.

Summary

BSE has suspended trading in debentures of JM Financial Products Limited (ISIN: INE523H07BX5, Code: 974922) effective November 7, 2025. The suspension is due to partial redemption through investor-requested buyback and interest payment with a record date of November 8, 2025. Trading members are advised not to deal in these debentures during the suspension period.

Key Points

  • Trading suspension applies to JM Financial Products Limited 8.8% debentures maturing December 23, 2025
  • ISIN: INE523H07BX5, BSE Code: 974922
  • No dealings permitted from November 7, 2025
  • Record date set for November 8, 2025
  • Dual purpose: Partial redemption via buyback at investor request and interest payment
  • Notice reference: DR-751/2025-2026

Regulatory Changes

No regulatory changes. This is a standard corporate action notification for trading suspension.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from November 7, 2025
  • Trading members must inform their clients about the trading suspension
  • All market participants must comply with the no-dealings directive

Important Dates

  • November 6, 2025: Circular issue date
  • November 7, 2025: Trading suspension begins (no dealings from this date)
  • November 8, 2025: Record date for partial redemption and interest payment
  • December 23, 2025: Original maturity date of debentures

Impact Assessment

Market Impact: Limited to holders and traders of this specific debt instrument. The suspension prevents trading activity until the corporate action is completed.

Investor Impact: Debenture holders will receive partial redemption proceeds and interest payment based on November 8 record date. Liquidity temporarily unavailable due to trading halt.

Operational Impact: Trading members must update their systems to block trades in this security and communicate the suspension to relevant clients and desk operators.

Impact Justification

Affects trading in specific debt instrument for limited period due to corporate action. Impact restricted to debenture holders and market participants dealing in this security.