Description

BSE suspends trading in INCRED FINANCIAL SERVICES LIMITED debentures (IFSL-NIFTY-5-12-25-PVT) from November 20, 2025, for redemption and interest payment.

Summary

BSE has announced the suspension of trading in Non-Convertible Debentures (NCDs) of INCRED FINANCIAL SERVICES LIMITED effective November 20, 2025. The suspension is necessitated by the company’s scheduled redemption of debentures and interest payment, with the record date fixed for November 20, 2025.

Key Points

  • Trading Members are prohibited from dealing in the specified debentures of INCRED FINANCIAL SERVICES LIMITED
  • Debenture Series: IFSL-NIFTY-5-12-25-PVT (ISIN: INE945W07423, Code: 974070)
  • Record date for redemption and interest payment: November 20, 2025
  • Trading suspension effective from: November 20, 2025
  • Notice issued under reference DR-760/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard administrative action for corporate debt instruments undergoing redemption.

Compliance Requirements

  • Trading Members must cease all trading activities in the specified debentures from November 20, 2025
  • Trading Members must ensure no client orders are executed for the affected debenture series
  • Members should inform clients holding these debentures about the suspension and upcoming redemption

Important Dates

  • November 17, 2025: Circular issued by BSE
  • November 20, 2025: Record date for redemption and interest payment
  • November 20, 2025: Trading suspension commences (no dealings permitted)

Impact Assessment

Market Impact: Low - The suspension affects only a single debenture series of INCRED FINANCIAL SERVICES LIMITED. This is a routine corporate action that does not indicate any financial distress or regulatory concern.

Investor Impact: Limited to holders of the specific debenture series (IFSL-NIFTY-5-12-25-PVT). Debenture holders will receive their interest payment and principal redemption as scheduled.

Operational Impact: Trading Members need to update their systems to block trading in the specified security and communicate the suspension to affected clients.

Impact Justification

Routine administrative suspension for a single debenture series to facilitate redemption and interest payment. Limited market-wide impact as it affects only specific debenture holders.