Description

Trading in JM Financial Products Limited debentures (Scrip Code 974922) to resume from November 17, 2025 after partial redemption of 7,500 out of 25,000 debentures through buyback.

Summary

BSE has announced the resumption of trading in debentures of JM Financial Products Limited (Scrip Code 974922) effective November 17, 2025. This follows a partial redemption where 7,500 debentures out of 25,000 were redeemed through buyback at investor request, leaving 17,500 debentures outstanding and available for trading.

Key Points

  • Trading in JM Financial Products Limited debentures (Scrip Code 974922) suspended for partial redemption
  • Record date for buyback was November 8, 2025
  • 7,500 debentures (30% of total) redeemed through buyback
  • 17,500 debentures (70% of total) remain outstanding
  • Trading to resume from November 17, 2025
  • Reference: DR-757/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notice for resumption of trading following partial redemption.

Compliance Requirements

  • Trading members must note the resumption date of November 17, 2025
  • Updated outstanding debenture count (17,500) should be reflected in trading systems
  • Company completed investor buyback request process as per regulations

Important Dates

  • November 6, 2025: Original exchange notice regarding record date
  • November 8, 2025: Record date for partial redemption/buyback
  • November 14, 2025: Notice date for trading resumption
  • November 17, 2025: Trading resumes for Scrip Code 974922

Impact Assessment

Market Impact: Medium - The partial redemption reduces outstanding debentures by 30%, which may affect liquidity. However, 70% of debentures remain available for trading, maintaining reasonable market depth.

Investor Impact: Investors holding the remaining 17,500 debentures will regain trading ability from November 17, 2025. The buyback provided exit opportunity for 30% of debenture holders.

Operational Impact: Trading members need to update systems to reflect the reduced outstanding debenture count and prepare for resumption of trading activity.

Impact Justification

Resumption of trading affects liquidity for remaining debenture holders after partial redemption; impacts 17,500 outstanding debentures