Description
Trading suspended in MAS Financial Services Limited debentures (ISIN: INE348L07191) from November 21, 2025 due to redemption and interest payment with record date set for the same day.
Summary
BSE has announced the suspension of trading in specific non-convertible debentures (NCDs) issued by MAS Financial Services Limited effective November 21, 2025. The suspension is due to the company fixing the record date for redemption of debentures and payment of interest. Trading members are advised not to deal in the specified debentures from the no-dealings date.
Key Points
- Company: MAS Financial Services Limited
- Security Code: 975719
- ISIN: INE348L07191
- Debenture Series: MFSL-8.55%-6-12-25-PVT
- Interest Rate: 8.55%
- Record Date: November 21, 2025
- No Dealings From: November 21, 2025
- Purpose: Redemption of Debentures and Payment of Interest
- Notice Reference: DR-761/2025-2026
- Notice Number: 20251117-12
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notification for debt securities.
Compliance Requirements
- Trading members must not execute any trades in the specified debentures (ISIN: INE348L07191) from November 21, 2025
- Trading members must ensure compliance with the no-dealings restriction
- Investors holding these debentures as of the record date (November 21, 2025) will be eligible for interest payment and redemption proceeds
Important Dates
| Date | Event |
|---|---|
| November 17, 2025 | Circular issued |
| November 21, 2025 | Record date for interest payment and redemption |
| November 21, 2025 | Trading suspension effective date (no dealings from this date) |
Impact Assessment
Market Impact: Limited to holders of this specific debenture series. Trading suspension is a standard procedure for debt securities approaching maturity and redemption.
Investor Impact: Debenture holders as of the record date will receive:
- Final interest payment at 8.55% rate
- Principal redemption amount
Operational Impact: Trading members must update their systems to prevent trading in the specified ISIN from November 21, 2025. No impact on other securities of MAS Financial Services Limited.
Liquidity Impact: Investors will not be able to trade these debentures from the suspension date, but this is expected as the securities are being redeemed.
Impact Justification
High severity due to trading suspension, but medium impact as it affects only specific debenture holders of MAS Financial Services Limited. Standard corporate action for debt securities approaching maturity.