Description

Trading suspended in NIRMAL BANG SECURITIES PRIVATE LIMITED debentures (ISIN: INE681R08091) from November 25, 2025 due to redemption with record date set for the same day.

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 a record date for redemption purposes. Trading members are advised not to deal in the specified debentures from the suspension date.

Key Points

  • Company: NIRMAL BANG SECURITIES PRIVATE LIMITED
  • ISIN: INE681R08091
  • Security Code: 975726
  • Record Date: November 25, 2025
  • No Dealings From: November 25, 2025
  • Purpose: Redemption of Debentures
  • Debenture Series: NBSPL-10.50%-10-12-25-PVT
  • Notice Number: DR-763/2025-2026
  • Coupon Rate: 10.50%
  • Maturity appears to be December 10, 2025

Regulatory Changes

No regulatory changes. This is a standard operational notice for debenture redemption procedures.

Compliance Requirements

  • Trading members must not deal in the specified debentures from November 25, 2025
  • All trading members are required to take note of the suspension
  • No transactions should be executed in ISIN: INE681R08091 (Code: 975726) from the specified date

Important Dates

  • November 17, 2025: Notice date and circular issuance
  • November 25, 2025: Record date for redemption
  • November 25, 2025: Trading suspension effective date
  • December 10, 2025: Expected maturity/redemption date (based on debenture nomenclature)

Impact Assessment

Market Impact: Low - This affects only a specific series of private placement debentures from NIRMAL BANG SECURITIES PRIVATE LIMITED. As these are privately placed NCDs with limited trading activity, the market impact is minimal.

Investor Impact: Medium for affected debenture holders - Investors holding these debentures will not be able to trade them from November 25, 2025. However, this is a planned redemption, so investors on record as of the record date will receive their redemption proceeds.

Operational Impact: Low - Standard redemption procedure requiring trading members to update their systems to block trading in the specified ISIN from the suspension date.

Impact Justification

Routine suspension for debenture redemption affecting a single private limited company's debt security with limited market impact