Description

BSE suspends trading in 9 debt securities due to redemption or delisting applications, effective December 5, 2025.

Summary

BSE has announced the suspension of trading in 9 debt securities effective December 5, 2025. The suspension is due to redemption or delisting applications made by the respective companies. Trading members are advised not to deal in these securities from the effective date.

Key Points

  • 9 debt securities to be suspended from trading on BSE
  • Suspension reason: Redemption or delisting applications by companies/suspension in depository
  • Effective date: December 05, 2025
  • Notice reference: DR-771/2025-2026
  • Trading members must cease dealing in these securities

Affected Securities

Pass Through Certificates (PTCs)

  1. NAMI 03 2024 - NAMI-11.35%-23-6-26-PTC (ISIN: INE0UM815012, Scrip: 975557)
  2. PLUM 24-6 - PLUM-9.20%-25-5-27-PTC (ISIN: INE0SNU15013, Scrip: 975301)
  3. SAGITTARIUS TRUST 08 2022 - ST-9.11%-25-8-28-PTC (ISIN: INE0RS015026, Scrip: 975178)
  4. SAGITTARIUS TRUST 08 2022 - ST-8.8%-25-8-28-PTC (ISIN: INE0RS015018, Scrip: 975177)
  5. GEMINI TRUST APRIL 2024 - GTA-11.35%-16-10-26-PTC (ISIN: INE0VSK15017, Scrip: 975638)
  6. SBL DISHA 24 - SBLD-10.2%-17-8-26-PTC (ISIN: INE0UUT15016, Scrip: 975582)
  7. RUDRA SECURITISATION TRUST II - RST-10.20%-17-9-27-PTC (ISIN: INE0UUW15010, Scrip: 975581)

Private Bonds

  1. DELHI INTERNATIONAL AIRPORT LTD - DIAL-9.52%-22-6-27-PVT (ISIN: INE657H08019, Scrip: 974004)
  2. AYE FINANCE LIMITED - AFL-11.20%-15-11-27-PVT (ISIN: INE501X07349, Scrip: 974367)

Regulatory Changes

No new regulatory changes. This is a standard suspension action following delisting applications and depository suspensions.

Compliance Requirements

  • Trading members must not deal in the specified debt securities from December 5, 2025
  • Trading members are required to take note of this suspension and inform their clients
  • All pending orders and positions in these securities should be reviewed and managed accordingly

Important Dates

  • Notice Date: December 04, 2025
  • Effective Date: December 05, 2025

Impact Assessment

Market Impact: Limited impact on broader debt market as these are specific instruments. Investors holding these securities should coordinate with the respective companies regarding redemption or delisting procedures.

Operational Impact: Trading members must update their systems to prevent trading in these securities. Existing holders of these instruments will need to follow the delisting/redemption process as communicated by the respective issuers.

Investor Impact: Investors holding these debt securities cannot trade them on BSE from December 5, 2025. They should contact the issuing companies or their depositories for information on redemption procedures or delisting timelines.

Impact Justification

Affects specific debt securities holders and trading members dealing with these instruments; limited broader market impact