Description

Trading suspended from November 27, 2025 for debt securities of JM Financial Asset Reconstruction Company Ltd and Hiren Wahen Buildtech Private Limited due to maturity.

Summary

BSE has announced the suspension of trading in debt securities of two companies effective November 27, 2025, due to their upcoming maturity dates. The affected securities are debentures of JM Financial Asset Reconstruction Company Ltd (maturing November 28, 2025) and Hiren Wahen Buildtech Private Limited (maturing November 30, 2025). Trading members are advised not to deal in these debentures from the suspension date.

Key Points

  • Two debt securities will be suspended from trading on November 27, 2025
  • JM Financial ARC debenture (ISIN: INE265J07555) with 10.21% coupon matures on November 28, 2025
  • Hiren Wahen Buildtech debenture (ISIN: INE0S1Q07019) with 19% coupon matures on November 30, 2025
  • Both are privately placed debentures
  • Notice reference: DR-765/2025-2026

Regulatory Changes

No regulatory changes. This is a routine operational measure for securities reaching maturity.

Compliance Requirements

  • Trading members must not deal in the specified debentures from November 27, 2025
  • Trading members should update their systems to reflect the suspension of these securities
  • No new transactions should be executed in these debt scrips

Important Dates

  • November 26, 2025: Notice date
  • November 27, 2025: Trading suspension effective date
  • November 28, 2025: Maturity date for JM Financial ARC debenture (Scrip Code: 975132)
  • November 30, 2025: Maturity date for Hiren Wahen Buildtech debenture (Scrip Code: 975302)

Impact Assessment

Market Impact: Low - This is a standard administrative action affecting only two privately placed debt securities approaching maturity. The suspension prevents trading in securities that will soon cease to exist.

Operational Impact: Minimal - Trading members need to update their systems to block trades in these specific scrip codes. Investors holding these debentures will receive maturity proceeds as per the terms of issuance.

Investor Impact: Limited to holders of these specific debentures who will receive principal and final interest payment upon maturity.

Impact Justification

Routine suspension due to maturity of debt securities affecting only two specific debentures with limited market impact