Description

Trading suspended in JSW Steel Limited debentures (INE019A08033) from December 8, 2025 due to redemption on exercise of call option with record date set for December 8, 2025.

Summary

BSE has announced the suspension of trading in specific non-convertible debentures of JSW Steel Limited (ISIN: INE019A08033, Code: 974466) effective December 8, 2025. The suspension is due to the company exercising its call option for redemption, with the record date set for December 8, 2025. The affected debentures carry an 8.25% coupon rate with maturity date of December 27, 2023.

Key Points

  • Company: JSW Steel Limited
  • Security Type: Non-Convertible Debentures (Private Placement)
  • ISIN: INE019A08033
  • Security Code: 974466
  • Coupon Rate: 8.25%
  • Record Date: December 8, 2025
  • No Dealings From: December 8, 2025
  • Purpose: Redemption on Exercise of Call Option
  • Notice Number: DR-772/2025-2026
  • Issuer: Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification as per existing BSE listing requirements.

Compliance Requirements

  • Trading members must not deal in the specified debentures (INE019A08033) from December 8, 2025
  • Trading members are required to take note of the suspension and ensure compliance
  • All trades must cease before the record date to ensure proper redemption processing

Important Dates

  • Notice Date: December 3, 2025
  • Record Date: December 8, 2025
  • Trading Suspension Date: December 8, 2025

Impact Assessment

Market Impact: Limited to holders of the specific debenture series (INE019A08033). This is a routine corporate action for debt securities and does not affect equity trading or other debt instruments of JSW Steel Limited.

Operational Impact: Trading members must update their systems to block trading in this specific ISIN from December 8, 2025. Debenture holders will receive redemption proceeds as per the terms of the instrument.

Investor Impact: Debenture holders whose names appear on the register as of the record date (December 8, 2025) will be eligible for redemption proceeds following the company’s exercise of the call option. No further trading will be possible after the suspension date.

Impact Justification

Affects specific debt security holders of JSW Steel Limited. Trading suspension is routine for redemption on call option exercise. Impact limited to debenture holders of this specific ISIN.