Description
Trading suspended in two series of IIFL SAMASTA FINANCE LIMITED debentures from December 5, 2025 due to upcoming redemption and interest payment with record date December 6, 2025.
Summary
BSE has announced the suspension of trading in two series of Non-Convertible Debentures (NCDs) issued by IIFL SAMASTA FINANCE LIMITED. Trading will be suspended from December 5, 2025, as the company has fixed December 6, 2025 as the record date for redemption and interest payment purposes. Trading members are advised not to deal in these debentures from the suspension date.
Key Points
- Two NCD series of IIFL SAMASTA FINANCE LIMITED affected by trading suspension
- ISFL-9.21%-21-12-25-NCD (ISIN: INE413U07244, Code: 939046) - for redemption and interest payment
- ISFL-9.60%-21-12-25-NCD (ISIN: INE413U07228, Code: 939048) - for redemption only
- No dealings permitted from December 5, 2025
- Record date set as December 6, 2025
- Notice issued under reference DR-771/2025-2026
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notification for debt securities redemption and interest payment.
Compliance Requirements
- Trading members must cease all dealing in the specified debentures from December 5, 2025
- Trading members must inform their clients holding these debentures about the suspension
- No buy or sell transactions to be executed in these securities during the suspension period
Important Dates
- November 25, 2025: Circular issued
- December 5, 2025: Trading suspension begins (no dealings from this date)
- December 6, 2025: Record date for redemption and interest payment
Impact Assessment
Market Impact: Limited to holders of these specific NCD series. The trading suspension is temporary and procedural in nature, necessary to determine eligible debenture holders for redemption and interest payment.
Investor Impact: Debenture holders will not be able to trade these securities from December 5, 2025. Investors on record as of December 6, 2025 will receive the redemption proceeds and/or interest payment. The 9.21% series will receive both redemption and interest, while the 9.60% series will receive redemption only.
Operational Impact: Trading members need to update their systems to block trades in these debentures and communicate with affected clients regarding the suspension and upcoming corporate actions.
Impact Justification
Trading suspension affects specific debenture holders of IIFL SAMASTA FINANCE LIMITED for a short period due to scheduled redemption and interest payment. Impact limited to debt market participants holding these specific NCDs.