Description

Trading suspended in SPANDANA SPHOORTY FINANCIAL LIMITED debentures (ISIN: INE572J07653) from December 3, 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 SPANDANA SPHOORTY FINANCIAL LIMITED (ISIN: INE572J07653, Code: 975252) effective December 3, 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 securities from the suspension date.

Key Points

  • Specific debenture affected: SSFL-10.11%-18-12-25-PVT (INE572J07653)
  • BSE scrip code: 975252
  • Coupon rate: 10.11%
  • Record date: December 3, 2025
  • Trading suspension starts: December 3, 2025
  • Dual purpose: Redemption of debentures AND payment of interest
  • Circular reference: DR-769/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard operational circular enforcing existing procedures for debenture redemption and record date compliance.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from December 3, 2025
  • Members must inform their clients holding these debentures about the trading suspension
  • Investors must hold the debentures as of record date (December 3, 2025) to be eligible for interest payment and redemption proceeds
  • No dealings permitted in these securities from the suspension date

Important Dates

  • November 24, 2025: Circular issued
  • December 3, 2025: Record date for interest payment and redemption
  • December 3, 2025: Trading suspension begins (no dealings from this date)

Impact Assessment

Market Impact: High impact on holders of these specific debentures. Investors will not be able to trade these securities from December 3, 2025. The suspension affects liquidity for current holders who may need to exit before the record date.

Investor Impact: Debenture holders as of record date will receive both interest payment and redemption proceeds. Those wishing to sell must do so before December 3, 2025. The suspension is permanent as it relates to redemption (maturity) of the instrument.

Operational Impact: Trading members must update their systems to block trading in scrip code 975252 and ensure compliance with the no-dealing instruction from the specified date.

Impact Justification

Complete trading suspension affecting debenture holders and investors, requiring immediate action before record date with both redemption and interest payment implications