Description

Trading suspended from November 21, 2025 for two series of non-convertible debentures due to redemption and interest payment with record date of November 21, 2025.

Summary

BSE has suspended trading in two series of non-convertible debentures issued by CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD effective November 21, 2025. The suspension is due to the company fixing November 21, 2025 as the record date for redemption of debentures and payment of interest. Trading members are advised not to deal in these debentures from the suspension date.

Key Points

  • Two NCD series affected: CIFCL-8.40%-7-12-25-NCD (ISIN: INE121A07RJ8, Code: 939014) and CIFCL-ZC-7-1-2-25-NCD (ISIN: INE121A07RL4, Code: 939016)
  • Record date fixed as November 21, 2025 for both series
  • Trading suspension effective from November 21, 2025
  • Purpose: Redemption of debentures and payment of interest
  • Reference: DR-761/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No regulatory changes introduced. This is a standard operational notice for debenture lifecycle events.

Compliance Requirements

  • Trading members must not deal in the specified debentures from November 21, 2025 onwards
  • Trading members are required to take note of the suspension and comply with the no-dealings restriction
  • All transactions in these specific debenture series must cease from the specified date

Important Dates

  • November 17, 2025: Notice date
  • November 21, 2025: Record date for redemption and interest payment
  • November 21, 2025: Trading suspension effective date (no dealings from this date)

Impact Assessment

Market Impact: Limited to holders of the two specific NCD series. The suspension is procedural and relates to the maturity/redemption process. No broader market implications.

Investor Impact: Debenture holders on record as of November 21, 2025 will be eligible for redemption proceeds and final interest payment. Secondary market liquidity in these instruments will cease from the suspension date.

Operational Impact: Trading members must update their systems to prevent any transactions in these specific ISINs from November 21, 2025. This is a routine debenture lifecycle event with no unusual operational challenges.

Impact Justification

Routine trading suspension for debenture redemption affecting specific debt instruments. Limited to debenture holders of two specific series.