Description

BSE suspends trading in ECL Finance Limited's 9.60% non-convertible debentures effective December 4, 2025, due to upcoming redemption with record date set for the same day.

Summary

BSE has announced the suspension of trading in non-convertible debentures of ECL Finance Limited effective December 4, 2025. The suspension is due to the company setting a record date for redemption of specific debentures. Trading members are advised not to deal in the specified debentures from the no-dealings date.

Key Points

  • Trading suspension applies to ECL Finance Limited’s 9.60% debentures maturing on December 19, 2025
  • ISIN: INE804I07H64 (Code: 953139)
  • Record date for redemption: December 4, 2025
  • No dealings permitted from: December 4, 2025
  • Notice issued under DR-770/2025-2026
  • Trading members must refrain from dealing in these debentures

Regulatory Changes

No new regulatory changes introduced. This is a standard operational notice for debenture redemption procedures.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from December 4, 2025
  • Trading members should inform their clients holding these debentures about the trading suspension
  • Members must ensure their systems reflect the trading suspension to prevent inadvertent trades

Important Dates

  • November 24, 2025: Notice date
  • December 4, 2025: Record date for redemption and start of no-dealings period
  • December 19, 2025: Debenture maturity date

Impact Assessment

Market Impact: High - Holders of these debentures will be unable to trade them from December 4, 2025, affecting liquidity. Investors seeking to exit their positions must do so before the no-dealings date.

Operational Impact: Trading members must update their systems and inform clients promptly to prevent attempted transactions during the suspension period.

Investor Impact: Debenture holders identified as of the record date will receive redemption proceeds. Those wishing to sell must act before December 4, 2025.

Impact Justification

Trading suspension of debt securities impacts liquidity and holders must be aware of no-dealing period before redemption