Description

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

Summary

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

Key Points

  • Nine debt securities to be suspended from trading effective December 5, 2025
  • Suspensions are due to redemption or delisting applications made by companies
  • Securities are also suspended in depository
  • Trading members must not execute trades in these securities
  • Notice reference: DR-771/2025-2026

Affected Securities

Pass-Through Certificates (PTCs):

  • NAMI 03 2024 (ISIN: INE0UM815012, Scrip: 975557) - 11.35% maturing 23-6-26
  • PLUM 24-6 (ISIN: INE0SNU15013, Scrip: 975301) - 9.20% maturing 25-5-27
  • Sagittarius Trust 08 2022 (ISIN: INE0RS015026, Scrip: 975178) - 9.11% maturing 25-8-28
  • Sagittarius Trust 08 2022 (ISIN: INE0RS015018, Scrip: 975177) - 8.8% maturing 25-8-28
  • Gemini Trust April 2024 (ISIN: INE0VSK15017, Scrip: 975638) - 11.35% maturing 16-10-26
  • SBL Disha 24 (ISIN: INE0UUT15016, Scrip: 975582) - 10.2% maturing 17-8-26
  • Rudra Securitisation Trust II (ISIN: INE0UUW15010, Scrip: 975581) - 10.20% maturing 17-9-27

Private Bonds:

  • Delhi International Airport Ltd (ISIN: INE657H08019, Scrip: 974004) - 9.52% maturing 22-6-27
  • Aye Finance Limited (ISIN: INE501X07349, Scrip: 974367) - 11.20% maturing 15-11-27

Regulatory Changes

No new regulatory framework introduced. This is an operational action implementing existing delisting and redemption procedures for debt securities.

Compliance Requirements

  • Trading members must cease all trading activity in the specified debt securities from December 5, 2025
  • Trading members are required to take note of and comply with this suspension order
  • No new trades should be executed in these securities after the effective date

Important Dates

  • Notice Date: December 4, 2025
  • Effective Date: December 5, 2025 - Trading suspension begins

Impact Assessment

The suspension affects holders of nine debt securities, primarily structured debt instruments (PTCs) and private bonds. Impact is limited to specific debt security holders and does not affect broader equity markets. Trading members dealing in debt securities must update their systems and inform clients holding these securities. Investors should coordinate with issuers regarding redemption or delisting procedures for their holdings.

Impact Justification

Affects nine debt securities with trading suspension; impacts specific debt security holders and trading members but not broad equity market