Description

Trading suspended in REC LIMITED bonds (ISIN: INE020B08ET5) from November 14, 2025 due to redemption with record date set for the same day.

Summary

BSE has suspended trading in specific bonds of REC LIMITED (Rural Electrification Corporation Limited) effective November 14, 2025. The suspension is due to the company fixing a record date for bond redemption. The affected bond is REC LIMITED 7.79% bonds maturing on November 29, 2025 (ISIN: INE020B08ET5, Scrip Code: 975241). Trading members are advised not to deal in these bonds from the specified date.

Key Points

  • Company: REC LIMITED
  • Bond Details: RECL-7.79%-29-11-25-PVT
  • ISIN: INE020B08ET5
  • Scrip Code: 975241
  • Record Date: November 14, 2025
  • Purpose: Redemption of Bonds
  • No Dealings From: November 14, 2025
  • Notice Reference: DR-756/2025-2026
  • Notice Number: 20251107-70

Regulatory Changes

No regulatory changes. This is a standard corporate action notice for bond redemption.

Compliance Requirements

  • Trading members must not deal in the specified REC LIMITED bonds from November 14, 2025
  • Trading members must ensure their systems and processes reflect the trading suspension
  • Members should inform their clients holding or interested in these bonds about the suspension
  • All pending orders for the affected bond should be cancelled or withdrawn before the suspension date

Important Dates

  • November 7, 2025: Notice issued
  • November 14, 2025: Record date for redemption
  • November 14, 2025: Trading suspension effective date
  • November 29, 2025: Bond maturity date

Impact Assessment

The suspension has a targeted impact on debt market participants:

Direct Impact:

  • Bondholders of the specified REC LIMITED bond will not be able to trade from November 14, 2025
  • Liquidity in this specific bond will cease from the suspension date
  • Settlement of any pending trades must be completed before November 14, 2025

Market Impact:

  • Limited broader market impact as this affects only one specific ISIN
  • Standard procedure for bonds approaching redemption
  • Bondholders as on record date will receive redemption proceeds

Operational Impact:

  • Trading members need to update their systems to block trades in this ISIN
  • Client communication required for existing bondholders
  • No impact on other REC LIMITED bonds or securities

Impact Justification

Bond trading suspension affects debt market participants holding or trading REC bonds, but limited to specific ISIN with redemption date