Description

Trading suspended in JM Financial Credit Solutions Limited debentures (INE651J07952) from December 4, 2025 due to redemption and interest payment with record date set for the same day.

Summary

BSE has issued a circular suspending trading in Non-Convertible Debentures (NCDs) of JM Financial Credit Solutions Limited (ISIN: INE651J07952, Code: 974918) effective December 4, 2025. The suspension is due to the company fixing a 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

  • Trading suspension applies to JMFCSL 8.80% debentures maturing on December 19, 2025
  • ISIN: INE651J07952, BSE Code: 974918
  • Record date fixed: December 4, 2025
  • Purpose: Redemption of debentures and payment of interest
  • No dealings permitted from December 4, 2025 onwards
  • Circular reference: DR-770/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No regulatory framework changes. This is a standard operational measure implemented when a company sets a record date for debt security redemption and interest payment.

Compliance Requirements

  • Trading members must immediately cease all trading activities in the specified debentures from December 4, 2025
  • Trading members must ensure compliance with the no-dealing directive
  • All market participants must note the record date for redemption and interest payment purposes
  • Settlement of any existing positions must be completed before the suspension date

Important Dates

  • November 24, 2025: Circular issued
  • December 4, 2025: Record date for redemption and interest payment; trading suspension begins
  • December 19, 2025: Debenture maturity date (based on security nomenclature)

Impact Assessment

Market Impact: Limited to holders and traders of this specific debenture series. The suspension is procedural and relates to the natural lifecycle of the debt instrument approaching maturity.

Investor Impact: Debenture holders as of the record date will be eligible for final interest payment and redemption proceeds. No new positions can be taken from December 4, 2025.

Operational Impact: Trading members must update their systems to block trading in this security. The suspension ensures proper identification of eligible holders for redemption and interest payment.

Impact Justification

Trading suspension affects specific debenture holders and traders dealing in JM Financial Credit Solutions Limited debt securities. Impact limited to single debt instrument with defined redemption schedule.