Description
BSE suspends trading in CVL-20-12-25-PVT debentures from December 5, 2025 due to record date for interest payment and redemption.
Summary
BSE has announced the suspension of trading in Non-Convertible Debentures (ISIN: INE559D08024, Code: 975752) of CREST VENTURES LIMITED effective December 5, 2025. The suspension is implemented due to the company fixing a record date for the purpose of interest payment and redemption of the debenture series CVL-20-12-25-PVT. Trading members are strictly advised not to deal in these debentures from the no-dealings date.
Key Points
- Debenture Series: CVL-20-12-25-PVT (Private)
- ISIN: INE559D08024
- BSE Code: 975752
- Record Date: December 5, 2025
- No Dealings From: December 5, 2025
- Purpose: Redemption of Debentures and Payment of Interest
- Notice Number: DR-771/2025-2026
- Issuer: CREST VENTURES LIMITED
Regulatory Changes
No regulatory framework changes. This is a standard operational suspension pursuant to corporate action procedures for debt securities.
Compliance Requirements
- Trading Members: Must immediately cease all dealing in the specified debentures (ISIN: INE559D08024) from December 5, 2025
- Market Participants: Should not accept any buy or sell orders for this debenture series from the suspension date
- Settlement: All pending trades must be settled before the no-dealings date
- Client Communication: Trading members should inform their clients holding these debentures about the suspension and upcoming redemption
Important Dates
| Date | Event |
|---|---|
| November 25, 2025 | Circular issued by BSE |
| December 5, 2025 | Record Date for interest payment and redemption |
| December 5, 2025 | Trading suspension effective (no dealings from this date) |
Impact Assessment
Market Impact: High - Complete trading halt affects liquidity for holders of this debenture series. Investors will be unable to buy or sell these securities from the suspension date.
Investor Impact: High - Debenture holders identified as of the record date will receive final interest payment and principal redemption. No secondary market exit available after suspension.
Operational Impact: Medium - Trading members must update their systems to block trades in this ISIN and communicate with affected clients.
Financial Impact: The redemption provides exit for investors through maturity rather than secondary market trading. Interest payment provides final coupon before redemption.
Impact Justification
Complete trading suspension of specific debenture series affecting all holders; mandatory compliance for trading members with immediate effect from record date