Description

BSE suspends trading in 9 debt securities due to delisting applications and depository suspensions effective December 5, 2025.

Summary

BSE has announced the suspension of trading in 9 debt securities across various companies effective December 5, 2025. The suspension is due to redemption or delisting applications made by the companies, with all securities also suspended in the depository. Trading members are advised to cease dealing in these securities immediately.

Key Points

  • 9 debt securities to be suspended from trading effective December 5, 2025
  • All suspensions are due to delisting applications made by companies or depository suspensions
  • Trading members must not deal in these securities from the effective date
  • Notice reference: DR-771/2025-2026
  • Notice number: 20251204-7

Affected Securities

Pass Through Certificates (PTCs)

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

Private Placements (PVTs)

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

Compliance Requirements

  • Trading members must not execute any trades in the listed debt securities from December 5, 2025
  • All exchange members are required to take note of this suspension
  • No further dealing permitted until further notice from BSE

Important Dates

  • Notice Date: December 4, 2025
  • Effective Date: December 5, 2025
  • Trading suspension begins at market open on effective date

Impact Assessment

Market Impact: Investors and trading members holding positions in these 9 debt securities will be unable to trade them on the exchange. The suspension affects both pass-through certificates and privately placed debt instruments across multiple issuers including infrastructure and financial services companies. Holders of these securities will need to explore alternative exit mechanisms or await company communications regarding redemption or delisting procedures.

Impact Justification

Complete trading suspension of 9 debt securities affects market participants holding or trading these instruments, with immediate effect from next trading day