Description

Trading in debentures of JM Financial Products Limited (Scrip Code 974922) will 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 total debentures were redeemed through buyback at investor request, leaving 17,500 debentures outstanding.

Key Points

  • Trading in JM Financial Products Limited debentures (Scrip Code 974922) to resume from November 17, 2025
  • Partial redemption completed: 7,500 debentures redeemed out of 25,000 total
  • Outstanding debentures: 17,500 debentures remain unredeemed
  • Redemption method: Buyback at request of investors
  • Record date for redemption was November 8, 2025
  • Reference number: DR-757/2025-2026

Regulatory Changes

No regulatory changes. This is a standard corporate action notification regarding resumption of trading following completion of partial redemption.

Compliance Requirements

  • Trading members must note the resumption of trading from November 17, 2025
  • Trading members should update their systems to reflect the reduced number of outstanding debentures (17,500 instead of 25,000)

Important Dates

  • November 6, 2025: Exchange notice issued regarding record date
  • November 8, 2025: Record date for partial redemption
  • November 14, 2025: Current notice issued
  • November 17, 2025: Trading resumption date

Impact Assessment

Market Impact: The partial redemption reduces the float of these debentures by 30% (7,500 out of 25,000), which may affect liquidity. Remaining debenture holders can resume trading their positions.

Operational Impact: Trading members need to be aware of the resumed trading status and updated outstanding quantity. The successful partial buyback at investor request demonstrates the issuer’s commitment to investor preferences and debt management.

Investor Impact: Investors who opted for buyback have exited their positions. Remaining investors (holding 17,500 debentures) regain trading liquidity from November 17, 2025.

Impact Justification

Resumption of trading affects liquidity for remaining debenture holders after partial buyback. Medium impact as it involves specific debt instrument with limited market participation.