Description
Trading suspended in two IRFC bonds from December 5, 2025 due to scheduled redemption with record date set for the same day.
Summary
BSE has announced the suspension of trading in two tax-free bonds issued by Indian Railway Finance Corporation (IRFC) effective December 5, 2025. The suspension is due to the company setting a record date for redemption of these bonds. Trading members are advised not to deal in these securities from the specified date.
Key Points
- Two IRFC tax-free bonds will be suspended from trading
- IRFC-7.07%-21-12-25-TAXFREENCD (INE053F07793, Code: 935566)
- IRFC-7.32%-21-12-25-TAXFREENCD (INE053F07827, Code: 935572)
- Record date set for December 5, 2025
- No dealings permitted from December 5, 2025 onwards
- Circular reference: DR-771/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notice for bond redemption.
Compliance Requirements
- Trading members must cease all dealings in the specified IRFC bonds from December 5, 2025
- Bondholders on record as of December 5, 2025 will be eligible for redemption proceeds
- Trading members must ensure their systems reflect the trading suspension
Important Dates
- Notice Date: November 24, 2025
- Record Date: December 5, 2025
- Trading Suspension Date: December 5, 2025
Impact Assessment
Market Impact: Limited impact as this affects only two specific tax-free bond series nearing maturity. The suspension is routine for redemption purposes.
Investor Impact: Bondholders will receive redemption proceeds for bonds held on record date. No trading opportunity available from December 5, 2025.
Operational Impact: Trading members need to update their systems to prevent trades in these securities from the suspension date. This is a standard operational requirement for maturing debt securities.
Impact Justification
Routine bond redemption affecting specific debt securities; limited to two tax-free bonds with scheduled maturity, minimal broader market impact