Description

BSE suspends trading in non-convertible debentures of Kosamattam Finance Limited effective November 14, 2025 due to redemption with record date set for the same day.

Summary

BSE has issued a notice suspending trading in non-convertible debentures (NCDs) of Kosamattam Finance Limited effective November 14, 2025. The suspension is due to the company fixing the record date for redemption of specific debentures. Trading members are instructed not to deal in the specified debentures from the suspension date.

Key Points

  • Trading suspension applies to Kosamattam Finance Limited NCDs with ISIN INE403Q07CC3 (Code: 937699)
  • Debenture series: KSFL-ZC-29-11-25-NCD (Zero Coupon debenture maturing November 29, 2025)
  • Record date for redemption: November 14, 2025
  • No dealings permitted from: November 14, 2025
  • Notice reference: DR-756/2025-2026
  • All trading members are advised to take note of this suspension

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notice for debt instrument redemption.

Compliance Requirements

  • Trading members must cease all dealings in the specified debentures (ISIN: INE403Q07CC3) from November 14, 2025
  • Trading members should update their systems to reflect the trading suspension
  • No buy or sell transactions should be executed for these debentures after the specified date

Important Dates

  • November 7, 2025: Notice issued by BSE
  • November 14, 2025: Record date for redemption and effective date for trading suspension
  • November 29, 2025: Expected maturity date (based on debenture code KSFL-ZC-29-11-25-NCD)

Impact Assessment

Market Impact: Low - affects single debt security of a finance company with limited trading activity

Investor Impact: Debenture holders as on record date (November 14, 2025) will receive redemption proceeds; no impact on investors not holding these specific debentures

Operational Impact: Minimal - routine suspension for debt redemption; trading members need to update trading restrictions for this specific ISIN

Liquidity Impact: No significant liquidity concerns as suspension is for redemption purpose and debentures are near maturity (November 29, 2025)

Impact Justification

Routine debenture redemption affecting single debt security with limited market impact; standard corporate action for debt instrument lifecycle