Description
Trading suspended in NBSPL debentures from November 25, 2025 due to redemption with record date set for November 25, 2025.
Summary
BSE has announced the suspension of trading in Non-Convertible Debentures (NCDs) of Nirmal Bang Securities Private Limited effective November 25, 2025. The suspension is due to the company fixing the record date for redemption of its 10.50% debentures maturing on December 10, 2025. Trading members are advised not to deal in these debentures from the specified date.
Key Points
- Trading suspension effective from November 25, 2025
- Debenture ISIN: INE681R08091 (Scrip Code: 975726)
- Debenture: NBSPL-10.50%-10-12-25-PVT
- Record date for redemption: November 25, 2025
- Coupon rate: 10.50%
- Maturity date: December 10, 2025
- Notice number: DR-763/2025-2026
Regulatory Changes
No regulatory changes introduced. This is a standard operational notice regarding debenture redemption.
Compliance Requirements
- Trading members must not deal in the specified debentures from November 25, 2025
- Trading members must take note of the suspension and inform relevant stakeholders
- No trading allowed in NBSPL debentures (INE681R08091) from the specified date
Important Dates
- November 17, 2025: Circular issue date
- November 25, 2025: Record date for redemption and commencement of trading suspension
- December 10, 2025: Debenture maturity date (implied)
Impact Assessment
The impact is limited to holders of this specific privately placed debenture issue. This is a routine corporate action for debt redemption. Trading members holding or dealing in these debentures need to ensure no transactions occur from the suspension date. The suspension facilitates proper identification of debenture holders eligible for redemption as per the record date. Market-wide impact is minimal as this affects a single privately placed debt instrument.
Impact Justification
Routine redemption process for privately placed debentures with limited market impact, affects only specific debenture holders