Description

Trading suspended in non-convertible debentures of JM Financial Asset Reconstruction Company Ltd from December 4, 2025, due to redemption and interest payment with record date set for the same date.

Summary

BSE has announced the suspension of trading in non-convertible debentures (ISIN: INE265J07498, Code: 974463) of JM Financial Asset Reconstruction Company Ltd effective December 4, 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 debentures from the specified date.

Key Points

  • Debenture series: JMFARCL-9.6%-19-12-25-PVT with coupon rate of 9.6%
  • ISIN: INE265J07498
  • BSE Code: 974463
  • Record date set for December 4, 2025
  • Purpose: Redemption of debentures and payment of interest
  • Trading suspension effective from December 4, 2025
  • Circular reference: DR-770/2025-2026

Regulatory Changes

No regulatory changes announced. This is a standard operational procedure for debenture redemption.

Compliance Requirements

  • Trading members must not execute any transactions in the specified debentures from December 4, 2025
  • Trading members are required to take note of the suspension and update their trading systems accordingly
  • No dealings permitted in the suspended debentures from the specified date

Important Dates

  • November 24, 2025: Circular issued
  • December 4, 2025: Record date for redemption and interest payment
  • December 4, 2025: Trading suspension effective date

Impact Assessment

Market Impact: Limited impact as this affects only a specific privately placed debenture series. The suspension is procedural and expected for debt securities approaching redemption.

Investor Impact: Debenture holders as of the record date (December 4, 2025) will receive their redemption proceeds and final interest payment. Investors cannot trade these securities from the suspension date.

Operational Impact: Trading members need to update their systems to block trading in this specific ISIN. The suspension is temporary and relates to the final redemption of the instrument.

Impact Justification

Routine suspension for debenture redemption affecting specific debt instrument holders only. Limited market-wide impact as it pertains to a single private placement NCD series.