Description

Trading suspended in debentures of EARNEST CONSTRUCTIONS PVT LTD due to early redemption and interest payment with record date November 12, 2025.

Summary

BSE has suspended trading in non-convertible debentures of EARNEST CONSTRUCTIONS PVT LTD (ISIN: INE0HCI07011, Code: 974942) effective November 12, 2025. The suspension is due to the company fixing a record date for early redemption of NCDs and payment of interest. Trading members are advised not to deal in these debentures from the specified date.

Key Points

  • Trading suspension applies to ECPL-12%-25-6-27-PVT series debentures
  • ISIN: INE0HCI07011, BSE Code: 974942
  • Corporate action involves early redemption and interest payment
  • Trading members explicitly advised to cease dealing in these securities
  • Circular issued under notice number DR-754/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard operational suspension triggered by corporate action event.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from November 12, 2025
  • All exchange participants must take note of the suspension and update their systems accordingly
  • No dealings permitted in debentures with code 974942 (ECPL-12%-25-6-27-PVT)

Important Dates

  • Notice Date: November 10, 2025
  • Record Date: November 12, 2025
  • No Dealings From: November 12, 2025
  • Purpose Effective Date: November 12, 2025 (early redemption and interest payment)

Impact Assessment

Immediate Impact: Complete halt on secondary market trading for the affected debenture series. Existing holders cannot exit positions through exchange trading from November 12, 2025 onwards.

Investor Impact: High impact for current NCD holders who may have planned to trade these securities. However, holders will receive early redemption proceeds and accrued interest as per the company’s corporate action.

Market Impact: Limited to specific debenture series of EARNEST CONSTRUCTIONS PVT LTD. Does not affect broader debt market operations. Standard procedure for corporate actions involving early redemption.

Liquidity Impact: Trading liquidity for this specific debenture series reduced to zero from the suspension date until redemption completion.

Impact Justification

Complete trading suspension for specific debenture series affecting debt market participants and NCD holders with immediate effect.