Description
Trading suspended in JSW Steel's 8.25% debentures from December 8, 2025, due to redemption on exercise of call option with record date set for the same day.
Summary
BSE has suspended trading in JSW Steel Limited’s non-convertible debentures (ISIN: INE019A08033, Code: 974466) effective December 8, 2025. The suspension is due to the company fixing a record date for redemption on exercise of call option for its 8.25% debentures maturing December 23, 2027.
Key Points
- Trading suspension applies to JSW Steel’s 8.25%-23-12-27-PVT debentures
- ISIN: INE019A08033
- BSE Code: 974466
- Purpose: Redemption on exercise of call option
- No dealings permitted from December 8, 2025
- Notice reference: DR-772/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action notification for debenture redemption.
Compliance Requirements
- Trading members must not deal in the specified debentures from December 8, 2025
- Trading members are required to take note of this suspension
- Adherence to the no-dealings restriction is mandatory
Important Dates
- Notice Date: December 3, 2025
- Record Date: December 8, 2025
- No Dealings From: December 8, 2025
Impact Assessment
Market Impact: Limited to holders of this specific debenture series. The suspension affects trading liquidity but is a routine corporate action related to debt redemption.
Operational Impact: Trading members must update their systems to prevent transactions in this security from December 8, 2025. Debenture holders as of the record date will be eligible for redemption proceeds as per the call option exercise by JSW Steel.
Impact Justification
Affects specific debenture holders of JSW Steel due to redemption event; limited to single debt instrument with defined record date