Description

BSE suspends trading in KLM AXIVA FINVEST LIMITED debentures (KAFL-6-12-25-NCD) effective November 21, 2025 due to redemption and interest payment with record date set for the same date.

Summary

BSE has issued Notice No. 20251117-13 dated November 17, 2025, announcing the suspension of trading in Non-Convertible Debentures (NCDs) of KLM AXIVA FINVEST LIMITED. The suspension is effective from November 21, 2025, coinciding with the record date set by the company for redemption of debentures and payment of interest. Trading members are advised not to deal in the specified debentures from the effective date.

Key Points

  • Trading suspended for KLM AXIVA FINVEST LIMITED debentures series KAFL-6-12-25-NCD
  • ISIN: INE01I507AB6 (Security Code: 939667)
  • Record date for redemption and interest payment: November 21, 2025
  • No dealings permitted from November 21, 2025 onwards
  • Notice reference: DR-761/2025-2026
  • Circular issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes introduced. This is a standard operational notice for suspension of trading due to corporate action (redemption).

Compliance Requirements

  • Trading members must not deal in the specified KLM AXIVA FINVEST LIMITED debentures (ISIN: INE01I507AB6) from November 21, 2025
  • Trading members are required to take note of the suspension and ensure compliance with the no-dealing restriction
  • All pending transactions must be settled before the suspension date

Important Dates

  • Notice Date: November 17, 2025
  • Record Date: November 21, 2025
  • Trading Suspension Effective From: November 21, 2025
  • Purpose: Redemption of Debentures and Payment of Interest

Impact Assessment

Market Impact: Medium - The suspension affects only one specific series of NCDs (KAFL-6-12-25-NCD) issued by KLM AXIVA FINVEST LIMITED. Debenture holders will receive their final interest payment and principal redemption as per the record date.

Operational Impact: Trading members holding or dealing in these specific debentures must ensure no new transactions are executed from November 21, 2025. The suspension is standard procedure for securities approaching maturity and redemption.

Investor Impact: Investors holding these debentures as of the record date (November 21, 2025) will be eligible for interest payment and redemption proceeds. No further trading opportunity will be available after suspension takes effect.

Impact Justification

Trading suspension affects specific debenture holders and trading members dealing with KLM AXIVA FINVEST LIMITED NCD, but impact limited to single security series scheduled for redemption