Description
Trading suspended for KMPL 7.8% debentures maturing 12-12-25 effective November 27, 2025 due to redemption.
Summary
BSE has suspended trading in specific Non-Convertible Debentures (NCDs) of Kotak Mahindra Prime Limited effective November 27, 2025. The suspension is due to the company fixing a record date for payment of interest and redemption of the debentures. Trading members are advised not to deal in these specified debentures from the suspension date.
Key Points
- Suspension applies to KMPL 7.8% debentures with ISIN INE916DA7SA6 (Scrip Code: 974426)
- Debentures are maturing on December 12, 2025
- Record date set for November 27, 2025
- Purpose: Redemption of debentures
- No dealings permitted from November 27, 2025
- Notice issued under reference DR-765/2025-2026
Regulatory Changes
No regulatory changes. This is a standard operational suspension in accordance with existing procedures for debt securities approaching redemption.
Compliance Requirements
- Trading members must not execute any trades in the specified debentures (ISIN: INE916DA7SA6) from November 27, 2025
- Members must update their systems to reflect the trading suspension
- Members should inform clients holding these debentures about the suspension and upcoming redemption
Important Dates
- Notice Date: November 21, 2025
- Record Date: November 27, 2025
- No Dealings From: November 27, 2025
- Maturity Date: December 12, 2025
Impact Assessment
Market Impact: Low - affects only holders of this specific debenture series.
Operational Impact: Minimal - standard procedure for debt securities nearing redemption. Trading members need to update systems and notify affected clients.
Investor Impact: Investors holding these debentures will receive redemption proceeds as per the debenture terms. No trading opportunity available from suspension date, but this is expected given the proximity to maturity date.
Impact Justification
Routine suspension for single debenture series redemption affecting limited investor base