Description

Trading suspended for DBL Infra Assets Private Limited NCDs due to early redemption effective November 12, 2025.

Summary

BSE has announced the suspension of trading in Non-Convertible Debentures (NCDs) of DBL INFRA ASSETS PRIVATE LIMITED effective November 12, 2025, following the company’s notification of early redemption. The affected instrument is the 13% NCD maturing on August 28, 2026 (ISIN: INE0IJE08011, Scrip Code: 973405). Trading members are advised to cease all dealings in these debentures from the specified date.

Key Points

  • Trading suspended for DBL INFRA ASSETS PRIVATE LIMITED NCDs from November 12, 2025
  • Reason: Early redemption of debentures by the issuer
  • Affected security: DBLIPL-13%-28-8-26-PVT (13% coupon rate, original maturity August 28, 2026)
  • ISIN: INE0IJE08011
  • Scrip Code: 973405
  • Notice reference: DR-754/2025-2026
  • Trading members instructed not to deal in these debentures

Regulatory Changes

No regulatory framework changes. This is an issuer-specific corporate action involving early redemption of debt securities, which requires suspension of trading to protect investors and ensure orderly market operations.

Compliance Requirements

  • Trading Members: Must immediately cease all trading activities in the specified NCDs from November 12, 2025
  • Trading Members: Required to take note of this suspension and ensure compliance
  • Trading Members: Should not accept or execute any buy/sell orders for ISIN INE0IJE08011 (Scrip Code 973405)
  • Investors: Existing holders should contact the issuer regarding early redemption procedures and payment details

Important Dates

  • November 11, 2025: Notice issued by BSE
  • November 12, 2025: Effective date of trading suspension
  • August 28, 2026: Original maturity date (now superseded by early redemption)

Impact Assessment

Market Impact: Limited to holders of this specific privately placed NCD. The suspension prevents any secondary market transactions, ensuring that investors do not inadvertently purchase securities that are being redeemed. Trading members must update their systems to block orders for this security.

Investor Impact: NCD holders will receive early redemption proceeds as per the terms communicated by DBL INFRA ASSETS PRIVATE LIMITED. Investors should monitor communication from the issuer regarding redemption amounts, timelines, and payment mechanisms. No further trading liquidity is available for exit.

Operational Impact: Trading systems and risk management platforms must be updated to reflect the suspension status. Brokers must ensure client orders are not accepted for this security to avoid failed trades or regulatory breaches.

Impact Justification

High severity for NCD holders due to trading suspension, but medium overall impact as it affects only specific private placement debentures of a single issuer with limited market participation.