Description

BSE suspends trading in debentures of Prachay Capital Limited from November 19, 2025 due to scheduled redemption and interest payment with record date set for the same day.

Summary

BSE has announced the suspension of trading in non-convertible debentures (NCDs) of Prachay Capital Limited effective November 19, 2025. The suspension is implemented due to the company fixing a record date for redemption of debentures and payment of interest. Trading members are strictly advised not to deal in the specified debentures from the suspension date.

Key Points

  • Trading suspension applies to debentures with ISIN: INE0IID07652 (Code: 976843)
  • Debenture series: PCL-15%-4-6-29-UL-PVT
  • Record date set for November 19, 2025
  • Purpose: Redemption of debentures and payment of interest
  • No dealings permitted from November 19, 2025
  • Circular reference: DR-759/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard operational measure implemented in accordance with existing corporate action procedures for debt securities.

Compliance Requirements

  • Trading members must cease all dealings in the specified debentures from November 19, 2025
  • Trading members are required to take note of the suspension and ensure compliance
  • No transactions should be executed in debenture code 976843 (ISIN: INE0IID07652) from the specified date

Important Dates

  • November 13, 2025: Circular notification date
  • November 19, 2025: Record date for redemption and interest payment
  • November 19, 2025: Trading suspension effective date (no dealings from this date)

Impact Assessment

Market Impact: Limited to holders and traders of this specific debenture series. The suspension prevents any trading activity, ensuring proper settlement for redemption and interest payment processes.

Investor Impact: Debenture holders whose names appear in the records as of November 19, 2025 will be eligible for interest payment and redemption. Secondary market liquidity for this instrument ceases from the suspension date.

Operational Impact: Trading members must update their systems to block trades in the affected security and inform clients holding or seeking to trade these debentures about the suspension.

Impact Justification

Trading suspension affects specific debenture holders and market participants dealing in these securities. Impact is limited to this particular instrument but important for affected investors.