Description

Trading suspended in JM Financial Credit Solutions Limited debentures (INE651J07952) from November 7, 2025 due to partial redemption and interest payment with record date of November 8, 2025.

Summary

BSE has announced the suspension of trading in Non-Convertible Debentures of JM Financial Credit Solutions Limited (ISIN: INE651J07952, Code: 974918) effective November 7, 2025. The suspension is implemented to facilitate partial redemption due to buyback at investor request and payment of interest, with a record date set for November 8, 2025.

Key Points

  • Trading in JMFCSL debentures (8.80% coupon, maturity 19-12-25) to be suspended from November 7, 2025
  • Record date for the corporate action is November 8, 2025
  • Purpose: Partial redemption due to buyback at investor request and interest payment
  • Trading members advised not to deal in the specified debentures
  • Notice reference: DR-751/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard procedural suspension for corporate action execution.

Compliance Requirements

  • Trading members must not execute trades in the specified debentures from November 7, 2025 onwards
  • Trading members are required to take note of the suspension and inform their clients accordingly
  • All dealing activity in ISIN INE651J07952 must cease as per the specified timeline

Important Dates

  • November 6, 2025: Circular issued
  • November 7, 2025: Trading suspension begins (no dealings from this date)
  • November 8, 2025: Record date for partial redemption and interest payment

Impact Assessment

Market Impact: Low - The suspension affects a single debenture series of JM Financial Credit Solutions Limited. This is a temporary, procedural suspension to facilitate corporate action processing.

Operational Impact: Minimal - Standard corporate action procedure. Trading members need to ensure their systems block trading in the specified ISIN during the suspension period.

Investor Impact: Low - Debenture holders on record date will receive their partial redemption proceeds and interest payment as scheduled. The suspension is protective in nature to ensure accurate beneficiary determination.

Impact Justification

Routine suspension for corporate action affecting single debenture series. Limited market impact as suspension is temporary and procedural.