Description
Trading suspension for L&T Finance Limited debentures (INE235P07100) effective November 19, 2025 due to redemption with record date set for the same day.
Summary
BSE has announced the suspension of trading in specific non-convertible debentures of L&T Finance Limited (Code: LTF-8.55%-C3-4-12-25-PVT, ISIN: INE235P07100, Security Code: 953102) effective November 19, 2025. The suspension is due to the company fixing the record date for redemption purposes. Trading members are instructed to cease all dealings in these debentures from the specified date.
Key Points
- L&T Finance Limited has set November 19, 2025 as the record date for debenture redemption
- Affected security: LTF-8.55%-C3-4-12-25-PVT (INE235P07100)
- Security code: 953102
- Trading suspension effective from: November 19, 2025
- All trading members must not deal in these debentures from the suspension date
- Notice number: 20251113-76, dated November 13, 2025
- Document reference: DR-759/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notice for debenture redemption requiring trading suspension as per existing regulations.
Compliance Requirements
- Trading Members: Must immediately cease all trading activities in the specified L&T Finance Limited debentures from November 19, 2025
- Brokers and Market Participants: Should update their systems to block trading in security code 953102 (ISIN: INE235P07100)
- Debenture Holders: Should take note of the record date for redemption eligibility
- All exchange members must acknowledge and implement the trading suspension
Important Dates
- Notice Date: November 13, 2025
- Record Date: November 19, 2025
- No Dealings From: November 19, 2025
- Suspension Effective Date: November 19, 2025
Impact Assessment
Market Impact: High - The trading suspension directly affects liquidity for holders of these specific L&T Finance debentures. Investors holding these securities will not be able to trade them from November 19, 2025 onwards.
Investor Impact: Debenture holders who wish to exit their positions must do so before November 19, 2025. Those holding the debentures on the record date will be eligible for redemption proceeds.
Operational Impact: Trading systems and risk management platforms need immediate updates to prevent inadvertent trading in the suspended security. Compliance and surveillance teams must ensure strict adherence to the no-dealing directive.
Timeline: Short notice period (6 days) between announcement and suspension requires prompt action from all market participants.
Impact Justification
Immediate trading suspension affects debenture holders and market participants dealing with L&T Finance debt securities, requiring immediate action to cease trading activities.