Description

Trading suspended in CVL-20-12-25-PVT debentures (INE559D08024) from December 5, 2025 due to redemption and interest payment record date.

Summary

BSE has announced the suspension of trading in non-convertible debentures (NCDs) of CREST VENTURES LIMITED effective December 5, 2025. The suspension is implemented due to the company fixing a record date for redemption of debentures and payment of interest on the same date. Trading members are advised not to deal in the specified debenture series.

Key Points

  • Trading suspended for debenture series CVL-20-12-25-PVT (ISIN: INE559D08024, Scrip Code: 975752)
  • Record date fixed: December 5, 2025
  • No dealings permitted from December 5, 2025 onwards
  • Purpose: Redemption of debentures and payment of interest
  • Circular reference: DR-771/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes. This is a standard corporate action notification procedure for debt securities approaching maturity or interest payment dates.

Compliance Requirements

  • Trading members must cease all dealings in the specified debentures from December 5, 2025
  • Trading members should update their systems to prevent trading in ISIN INE559D08024 (scrip code 975752)
  • Members must inform clients holding these debentures about the suspension and upcoming redemption

Important Dates

  • November 25, 2025: Notice issued
  • December 5, 2025: Record date for interest payment and redemption; trading suspension becomes effective

Impact Assessment

The impact is limited to holders of this specific debenture series. The suspension is a standard procedure to establish eligibility for interest payment and redemption proceeds. Debenture holders on record as of December 5, 2025 will receive their interest payment and redemption amount. The suspension affects only one debt security and does not impact the company’s equity shares or broader market operations. This is a routine corporate action with minimal market-wide implications.

Impact Justification

Routine trading suspension for single debenture series ahead of redemption and interest payment. Limited market impact as it affects only specific debt security holders.