Description
Trading suspended in NBSPL debentures (INE681R08091) from November 25, 2025 due to scheduled redemption with record date set for the same date.
Summary
BSE has announced the suspension of trading in Non-Convertible Debentures of NIRMAL BANG SECURITIES PRIVATE LIMITED (ISIN: INE681R08091, Code: 975726) effective November 25, 2025. The suspension is in connection with the redemption of the NBSPL-10.50%-10-12-25-PVT debenture series, with the record date fixed for November 25, 2025. Trading members are advised not to deal in these debentures from the specified date.
Key Points
- Trading suspension applies to NBSPL 10.50% debentures maturing December 10, 2025
- ISIN: INE681R08091, BSE Code: 975726
- No dealings permitted from November 25, 2025
- Suspension is for redemption purposes
- Notice number: DR-763/2025-2026
- Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No regulatory changes introduced. This is a standard operational circular for debenture redemption procedures.
Compliance Requirements
- Trading members must cease all dealings in the specified debentures from November 25, 2025
- Members are required to take note of the trading suspension and communicate to clients holding these securities
- No transactions should be executed in the suspended debenture series (INE681R08091)
Important Dates
| Date | Event |
|---|---|
| November 17, 2025 | Notice date and circular issued |
| November 25, 2025 | Record date for redemption |
| November 25, 2025 | No dealings from this date |
| December 10, 2025 | Debenture maturity date (based on series name) |
Impact Assessment
Market Impact: Limited to holders and traders of this specific debenture series. The suspension is procedural and relates to the normal redemption process for maturing debt securities.
Investor Impact: Debenture holders will not be able to trade these securities from November 25, 2025. Investors on record as of the record date will receive redemption proceeds as per the debenture terms.
Operational Impact: Trading members must update their systems to prevent trades in the suspended security and inform clients accordingly. The impact is confined to this single NCD series with no broader market implications.
Impact Justification
Temporary trading suspension for specific debenture series due to redemption process; impacts only holders of this particular NCD series with limited market-wide implications