Description
Trading suspended in JSW Steel's 8.25% non-convertible debentures 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 JSW Steel Limited’s non-convertible debentures (ISIN: INE019A08033, Code: 974466) effective December 8, 2025. The suspension is due to the company’s redemption on exercise of call option with the record date fixed for December 8, 2025. Trading members are advised not to deal in these debentures from the specified date.
Key Points
- Trading suspended for JSW Steel’s 8.25% NCDs maturing December 27, 2027 (privately placed)
- ISIN: INE019A08033, BSE Code: 974466
- Suspension effective from December 8, 2025
- Reason: Redemption on exercise of call option
- Record date for redemption: December 8, 2025
- Notice reference: DR-772/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard corporate action notification for debt securities redemption.
Compliance Requirements
- Trading members must not deal in the specified debentures from December 8, 2025
- Trading members must take note of the suspension and inform their clients accordingly
- All trading activity in these NCDs must cease from the no-dealings date
Important Dates
- Notice Date: December 3, 2025
- Record Date: December 8, 2025
- No Dealings From: December 8, 2025
- Original Maturity: December 27, 2027
Impact Assessment
Market Impact: Limited to holders of this specific series of JSW Steel NCDs. The early redemption via call option exercise will return principal to debenture holders before the 2027 maturity date.
Operational Impact: Trading members must update their systems to block trading in these securities. Debenture holders should prepare for early redemption and plan for reinvestment of proceeds.
Investor Impact: Debenture holders as of the record date will receive redemption proceeds. Those holding these securities should not expect further trading opportunities after December 8, 2025.
Impact Justification
Affects specific debt security holders of JSW Steel. Trading suspension limited to one series of NCDs with specific redemption event. Impact confined to debenture holders rather than equity investors.