Description
Trading suspended in MAGNUM VENTURES LIMITED debentures (INE387I07013) from November 28, 2025 due to early redemption with record date November 29, 2025.
Summary
BSE has announced the suspension of trading in non-convertible debentures of MAGNUM VENTURES LIMITED (ISIN: INE387I07013, Code: 975493) effective November 28, 2025. The suspension is due to the company fixing a record date of November 29, 2025 for early redemption of debentures and payment of interest. Trading members are advised not to deal in these debentures from the suspension date.
Key Points
- Debenture: MAGNUM VENTURES LIMITED 18% debentures maturing August 31, 2027 (Private)
- ISIN: INE387I07013
- BSE Code: 975493
- Record Date: November 29, 2025
- No Dealings From: November 28, 2025
- Purpose: Early redemption of debentures and payment of interest
- Notice Reference: DR-766/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard trading suspension procedure for corporate action processing.
Compliance Requirements
- Trading members must cease all dealings in the specified debentures from November 28, 2025
- Members should not accept any buy or sell orders for ISIN INE387I07013 from the suspension date
- Members must inform their clients holding these debentures about the early redemption and trading suspension
Important Dates
| Date | Event |
|---|---|
| November 26, 2025 | Circular issued |
| November 28, 2025 | Trading suspension effective (no dealings from this date) |
| November 29, 2025 | Record date for early redemption and interest payment |
Impact Assessment
Market Impact: Medium - Trading suspension affects only holders of this specific debenture series. The suspension is temporary and tied to the early redemption corporate action.
Investor Impact: Medium to High for debenture holders - Early redemption provides liquidity to investors ahead of maturity (August 2027), though trading opportunity is eliminated from November 28. Holders on record date will receive principal redemption and accrued interest.
Operational Impact: Low - Standard corporate action procedure requiring trading desk configuration updates to block trading in the specified ISIN.
Impact Justification
High severity due to trading suspension but medium impact as it affects only specific debenture holders of a single issuer for early redemption purposes