Description
Trading suspended in REC LIMITED bonds (RECL-7.79%-29-11-25-PVT) from November 14, 2025 due to redemption record date.
Summary
BSE has announced the suspension of trading in bonds of REC LIMITED (Rural Electrification Corporation Limited) effective November 14, 2025. The suspension applies to the bond series RECL-7.79%-29-11-25-PVT (ISIN: INE020B08ET5, Code: 975241) due to the company fixing a record date for redemption purposes. Trading members are advised not to deal in these bonds from the suspension date.
Key Points
- Bond series affected: RECL-7.79%-29-11-25-PVT
- ISIN: INE020B08ET5
- BSE Code: 975241
- Record date for redemption: November 14, 2025
- Trading suspension effective: November 14, 2025
- Circular reference: DR-756/2025-2026
- Issuer: REC LIMITED (Rural Electrification Corporation Limited)
Regulatory Changes
No regulatory changes introduced. This is a standard operational circular for bond redemption procedures.
Compliance Requirements
- Trading members must not execute any trades in the specified REC LIMITED bonds from November 14, 2025
- Trading members must take note of the suspension and inform their clients accordingly
- No dealings permitted in the bond series RECL-7.79%-29-11-25-PVT from the specified date
Important Dates
- November 7, 2025: Circular issue date
- November 14, 2025: Record date for bond redemption
- November 14, 2025: Trading suspension effective date
- November 29, 2025: Expected bond maturity date (based on bond nomenclature)
Impact Assessment
Market Impact: Limited to holders of this specific REC LIMITED bond series. The suspension is temporary and procedural, related to the upcoming redemption of bonds maturing on November 29, 2025.
Investor Impact: Bondholders will not be able to trade this security from November 14, 2025. Investors who hold the bonds on the record date will be eligible for redemption proceeds.
Operational Impact: Trading members need to update their systems to block trading in this specific bond series and communicate the suspension to affected clients who may hold or wish to trade these bonds.
Impact Justification
High severity for bondholders of specific security but medium overall impact as it affects only one bond series with upcoming redemption. Standard procedure for bond redemption.