Description

BSE suspends trading in AVANSE FINANCIAL SERVICES LIMITED debentures (INE087P07378) from November 13, 2025, due to redemption and interest payment with record date set for the same day.

Summary

BSE has announced the suspension of trading in non-convertible debentures of AVANSE FINANCIAL SERVICES LIMITED (ISIN: INE087P07378, Code: 975052) effective November 13, 2025. The suspension is due to the company setting a record date for redemption of debentures and payment of interest. Trading members are advised not to deal in these debentures from the suspension date.

Key Points

  • Company: AVANSE FINANCIAL SERVICES LIMITED
  • Debenture Series: AFSL-9.35%-28-11-25-PVT
  • ISIN: INE087P07378
  • BSE Code: 975052
  • Record Date: November 13, 2025
  • Purpose: Redemption of Debentures and Payment of Interest
  • No Dealings From: November 13, 2025
  • Notice Reference: DR-755/2025-2026
  • Coupon Rate: 9.35%

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification for debt securities approaching maturity.

Compliance Requirements

  • Trading members must cease dealing in the specified debentures from November 13, 2025
  • Trading members should update their systems to reflect the trading suspension
  • No new trades should be executed in these debentures on or after the no-dealings date
  • Members must inform clients holding these debentures about the redemption and suspension

Important Dates

  • November 7, 2025: Circular issued by BSE
  • November 13, 2025: Record date for redemption and interest payment
  • November 13, 2025: Trading suspension effective date
  • November 28, 2025: Expected maturity date (based on debenture series name)

Impact Assessment

Market Impact: Low - This affects a single private placement debenture series with limited secondary market trading activity. The suspension is a routine corporate action related to maturity and redemption.

Investor Impact: Low to Medium - Investors holding these debentures will receive their redemption proceeds and final interest payment as per the terms. No trading opportunity exists from November 13, 2025 onwards.

Operational Impact: Minimal - Standard suspension procedure for debt securities approaching maturity. Trading members need to update their blocked securities lists and inform affected clients.

Impact Justification

Routine debenture redemption affecting a single private placement debt security with limited market impact. Standard corporate action with short notice period.