Description

Trading suspended for KOTAK MAHINDRA PRIME LIMITED debentures (KMPL-7.8%-12-12-25-VPT) from November 27, 2025 due to redemption on record date.

Summary

BSE has announced the suspension of trading in a specific series of Non-Convertible Debentures (NCDs) issued by KOTAK MAHINDRA PRIME LIMITED. The suspension is effective from November 27, 2025, coinciding with the record date set for redemption of the debentures. Trading members are advised not to deal in the specified debentures.

Key Points

  • Debenture series: KMPL-7.8%-12-12-25-VPT (ISIN: INE916DA7SA6, Code: 974426)
  • Record date: November 27, 2025
  • Purpose: Redemption of Debentures
  • No dealings permitted from: November 27, 2025
  • Notice reference: DR-765/2025-2026
  • Issuer: KOTAK MAHINDRA PRIME LIMITED

Regulatory Changes

No regulatory changes introduced. This is a standard operational notice for debt securities reaching maturity.

Compliance Requirements

  • Trading members must not execute any trades in the specified debenture series from November 27, 2025
  • Trading members are required to take note of the suspension and ensure compliance with the no-dealings directive
  • Members must communicate this suspension to their clients holding or interested in trading these debentures

Important Dates

  • November 21, 2025: Circular issued
  • November 27, 2025: Record date for redemption; trading suspension effective from this date

Impact Assessment

Market Impact: Low. This is a routine suspension affecting a single debenture series approaching maturity. The suspension is procedural and necessary to facilitate the redemption process.

Investor Impact: Minimal. Debenture holders will receive their redemption proceeds as per the terms. The trading suspension prevents any confusion or trades that cannot be settled due to the imminent redemption.

Operational Impact: Standard procedure for trading members. Members need to update their systems to block trading in this specific ISIN and inform relevant clients about the suspension.

Impact Justification

Routine trading suspension for single debenture series ahead of scheduled redemption; limited market impact as this is standard procedure for maturing debt instruments