Description
BSE suspends trading in three series of non-convertible debentures of ICL FINCORP LIMITED from November 27, 2025, due to record date for interest payment and redemption.
Summary
BSE has issued a notice suspending trading in three series of non-convertible debentures (NCDs) issued by ICL FINCORP LIMITED effective November 27, 2025. The suspension is due to the company fixing the record date for interest payment and redemption of these debentures. Trading members are advised not to deal in the specified debentures from the no-dealings date.
Key Points
- Three NCD series of ICL FINCORP LIMITED affected by trading suspension
- Record date fixed as November 27, 2025 for all three series
- No dealings permitted from November 27, 2025
- Suspension applies to both redemption and interest payment purposes
- Notice reference: DR-765/2025-2026
Affected Debentures
| Debenture Name | ISIN | BSE Code | Coupon Rate | Maturity |
|---|---|---|---|---|
| ICL-11.5%-12-12-25-NCD | INE01CY077G6 | 939028 | 11.5% | Dec 2025 |
| ICLFL-12%-12-12-25-NCD | INE01CY077F8 | 939036 | 12% | Dec 2025 |
| ICLFL-11.75%-12-12-35-NCD | INE01CY077I2 | 939040 | 11.75% | Dec 2035 |
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notice for trading suspension due to record date fixation.
Compliance Requirements
- Trading members must not execute any trades in the specified debentures from November 27, 2025
- Members must ensure systems are updated to prevent dealing in these securities
- Compliance with record date provisions for interest payment and redemption
Important Dates
- Notice Date: November 18, 2025
- Record Date: November 27, 2025
- No Dealings From: November 27, 2025
- Purpose: Redemption of debentures and payment of interest
Impact Assessment
Market Impact: Medium - The suspension affects three debenture series, with two maturing in December 2025 and one in December 2035. Debenture holders will receive their interest payments and redemption proceeds (for maturing securities) as per the record date.
Investor Impact: High for affected debenture holders - They must ensure their holdings are properly recorded by the record date to receive interest and redemption payments. No trading opportunity available from the suspension date.
Operational Impact: Low for market participants - Standard corporate action procedure that exchanges and trading members regularly handle.
Impact Justification
Affects three debenture series with immediate trading suspension from record date. High severity for debenture holders but medium overall impact as it affects debt instruments of a single issuer.