Description
Trading suspended in 9.6% debentures (INE265J07498) of JM Financial Asset Reconstruction Company Ltd from December 4, 2025 for redemption and interest payment.
Summary
BSE has suspended trading in the 9.6% Non-Convertible Debentures (ISIN: INE265J07498, Code: 974463) of JM Financial Asset Reconstruction Company Ltd effective December 4, 2025. The suspension is implemented due to the company fixing the record date for redemption of debentures and payment of interest.
Key Points
- Security affected: JM FINANCIAL ASSET RECONSTRUCTION COMPANY LTD 9.6% debentures
- ISIN: INE265J07498
- BSE Code: 974463
- Record date: December 4, 2025
- Trading suspension starts: December 4, 2025
- Purpose: Redemption of debentures and payment of interest
- Notice reference: DR-770/2025-2026
- Security type: Non-Convertible Debentures (Private Placement)
Regulatory Changes
No regulatory changes. This is a standard operational procedure for suspending trading during the redemption process of debt securities.
Compliance Requirements
- Trading members must not deal in the specified debentures from December 4, 2025 onwards
- Trading members are required to take note of the suspension and ensure compliance
- No buy or sell transactions permitted in the affected security from the specified date
Important Dates
| Date | Event |
|---|---|
| November 24, 2025 | Circular issued |
| December 4, 2025 | Record date for redemption and interest payment |
| December 4, 2025 | Trading suspension commences (no dealings from this date) |
Impact Assessment
Market Impact: Low - This suspension affects a single privately placed NCD series. The impact is limited to holders of these specific debentures who will receive redemption proceeds and final interest payment.
Operational Impact: Minimal - Standard corporate action for debt securities reaching maturity. Trading members need to ensure the security is blocked from trading in their systems from the specified date.
Investor Impact: Neutral to positive for debenture holders who will receive their principal redemption amount plus accrued interest as per the terms of the debentures.
Impact Justification
Routine suspension for debenture redemption affecting single privately placed NCD series with limited market impact