Description

Trading suspended in KMPL debentures (INE916DA7SA6) from November 27, 2025 due to redemption with record date set for the same day.

Summary

BSE has announced the suspension of trading in specific non-convertible debentures of Kotak Mahindra Prime Limited effective November 27, 2025. The suspension is due to the company fixing a record date for interest payment and redemption of debentures bearing ISIN INE916DA7SA6 (Code: 974426). Trading members are advised to cease dealing in these debentures from the specified date.

Key Points

  • Trading suspension applies to KMPL 7.8% debentures maturing December 12, 2025 (INE916DA7SA6)
  • Record date fixed for November 27, 2025
  • No dealings permitted from November 27, 2025 onwards
  • Purpose: Payment of interest and redemption of debentures
  • Circular reference: DR-765/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard operational suspension for corporate action processing.

Compliance Requirements

  • Trading members must immediately cease all trading activities in the specified debentures (ISIN: INE916DA7SA6, Code: 974426) from November 27, 2025
  • Members must update their systems to reflect the trading suspension
  • No buy or sell orders should be accepted for these debentures from the suspension date

Important Dates

  • November 21, 2025: Circular issued
  • November 27, 2025: Record date for interest payment and redemption
  • November 27, 2025: Trading suspension effective date (no dealings from this date)
  • December 12, 2025: Debenture maturity date

Impact Assessment

Market Impact: Limited to holders of the specific debenture series (KMPL-7.8%-12-12-25-VPT). The suspension is routine for redemption processing and will not affect equity trading or other debt instruments of Kotak Mahindra Prime Limited.

Operational Impact: Debenture holders with record date entitlement will receive interest payment and redemption proceeds. Trading members must ensure compliance with the no-dealing directive to avoid settlement issues.

Investor Impact: Existing debenture holders will be unaffected as they will receive redemption proceeds. No new positions can be established from November 27, 2025.

Impact Justification

Routine suspension for debenture redemption affecting specific debt instrument holders; limited impact to broader market operations