Description

Trading suspended for INCRED FINANCIAL SERVICES LIMITED debentures (INE321N07327) from November 27, 2025 due to redemption and interest payment with record date set for the same day.

Summary

BSE has suspended trading in Non-Convertible Debentures of INCRED FINANCIAL SERVICES LIMITED (Security Code: INE321N07327/975081) effective November 27, 2025. The suspension is due to the company fixing the 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

  • Company: INCRED FINANCIAL SERVICES LIMITED
  • Security: IFSL-9.50%-12-12-25-PVT
  • ISIN: INE321N07327
  • BSE Code: 975081
  • Record Date: November 27, 2025
  • No dealings permitted from: November 27, 2025
  • Interest Rate: 9.50%
  • Notice Reference: DR-765/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard operational suspension aligned with existing market practices for corporate actions on debt securities.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from November 27, 2025
  • All pending orders for these debentures should be cancelled or withdrawn before the suspension date
  • Members should inform clients holding or intending to trade these securities about the suspension

Important Dates

  • Notice Date: November 21, 2025
  • Record Date: November 27, 2025
  • Trading Suspension From: November 27, 2025
  • Maturity Date: December 12, 2025 (as indicated by security name)

Impact Assessment

Market Impact: Low to medium. The suspension affects only holders and potential traders of this specific NCD series. The debenture is approaching its maturity date (December 12, 2025), so this is an expected corporate action.

Investor Impact: Medium for NCD holders. Investors holding these debentures will receive their redemption proceeds and final interest payment but cannot trade the securities from November 27, 2025. This is a standard process and investors should have anticipated this based on the maturity timeline.

Operational Impact: Minimal. This is a routine suspension for debt securities undergoing redemption. Trading members need to ensure systems and client communications are updated to prevent inadvertent trades in the suspended security.

Impact Justification

Routine trading suspension for debenture redemption affecting specific debt security holders. Limited broader market impact but important for investors holding these specific NCDs.