Description

Trading in debentures of JM Financial Products Limited 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 total 25,000 were redeemed through buyback at investor request, leaving 17,500 debentures outstanding and available for trading.

Key Points

  • Trading was previously suspended for partial redemption process
  • Record date for buyback was November 8, 2025
  • 7,500 debentures (30%) have been redeemed through buyback
  • 17,500 debentures (70%) remain outstanding
  • Trading to resume on November 17, 2025
  • Reference number: DR-757/2025-2026

Regulatory Changes

No regulatory changes. This is a standard operational notice for trading resumption after corporate action completion.

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
  • Members should be aware of the reduced total outstanding debentures following partial redemption

Important Dates

  • November 6, 2025: Original notice date announcing record date
  • November 8, 2025: Record date for buyback redemption
  • November 14, 2025: Circular issue date
  • November 17, 2025: Trading resumption date

Impact Assessment

Market Impact: Medium - The partial redemption of 30% of outstanding debentures reduces the float available for trading, which may impact liquidity. The remaining 17,500 debentures will be available for normal trading operations.

Operational Impact: Trading members need to update their systems to reflect the reduced outstanding debenture count and prepare for trading resumption. Investors holding these debentures should be aware of the changed market dynamics with reduced total issuance.

Impact Justification

Affects trading of specific debentures with partial redemption completed; impacts debt market participants holding or trading these securities