Description

BSE suspends trading in three series of ICL FINCORP LIMITED debentures effective November 27, 2025 due to upcoming redemption and interest payment with record date set for the same day.

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 a record date for redemption of debentures and payment of interest. Trading members are advised not to deal in these debentures from the specified date.

Key Points

  • Three series of ICL FINCORP LIMITED debentures will be suspended from trading
  • Record date fixed as November 27, 2025 for redemption and interest payment
  • Trading suspension effective from November 27, 2025
  • Notice Number: 20251118-43 issued on November 18, 2025
  • Reference: DR-765/2025-2026
  • Trading members explicitly advised not to deal in the specified debentures

Affected Securities

1. ICL-11.5%-12-12-25-NCD

  • ISIN: INE01CY077G6
  • Scrip Code: 939028
  • Coupon Rate: 11.5%
  • No dealings from: November 27, 2025

2. ICLFL-12%-12-12-25-NCD

  • ISIN: INE01CY077F8
  • Scrip Code: 939036
  • Coupon Rate: 12%
  • No dealings from: November 27, 2025

3. ICLFL-11.75%-12-12-35-NCD

  • ISIN: INE01CY077I2
  • Scrip Code: 939040
  • Coupon Rate: 11.75%
  • No dealings from: November 27, 2025

Regulatory Changes

No new regulatory changes introduced. This is a standard suspension notice pursuant to corporate action (redemption and interest payment) by the issuer.

Compliance Requirements

  • Trading members must not execute any deals in the three specified debenture series from November 27, 2025
  • Trading members must update their systems to reflect the suspension status
  • Market participants holding these debentures should be informed of the suspension
  • Compliance with record date provisions for redemption and interest payment

Important Dates

  • November 18, 2025: Notice issued by BSE
  • November 27, 2025: Record date for redemption and interest payment
  • November 27, 2025: Trading suspension becomes effective (no dealings from this date)

Impact Assessment

Market Impact: High - Complete trading suspension affects liquidity and ability to transact in three debenture series. Investors will be unable to buy or sell these securities from the suspension date.

Investor Impact: High - Debenture holders need to be aware of the suspension and upcoming redemption. Those seeking to exit positions must do so before November 27, 2025.

Operational Impact: Trading members must update their systems and client communications to reflect the suspension. The suspension applies to all three debenture series simultaneously, requiring coordinated operational changes.

Duration: The suspension is linked to the redemption event. Based on the nomenclature (12-12-25 in two series names), redemption appears imminent for at least two of the three series.

Impact Justification

Complete suspension of trading in three debenture series with immediate effect impacts debt market participants and ICL FINCORP debenture holders requiring immediate action