Description

Trading suspended in AXIS FINANCE LIMITED debentures (INE891K07911) from December 11, 2025 due to record date for redemption and interest payment.

Summary

BSE has announced suspension of trading in debentures of AXIS FINANCE LIMITED (Code: AFL-8.3%-26-12-25-PVT, ISIN: INE891K07911, Scrip Code: 975291) effective December 11, 2025. The suspension is imposed as the company has fixed December 11, 2025 as the record date for redemption of debentures and payment of interest. Trading members are advised not to deal in these debentures from the suspension date.

Key Points

  • Trading suspension effective from December 11, 2025
  • Applies to debentures with ISIN INE891K07911 (Scrip Code: 975291)
  • Debenture series: AFL-8.3%-26-12-25-PVT (8.3% coupon rate)
  • Suspension due to record date for both redemption and interest payment
  • Trading members strictly advised against dealing in these securities
  • Notice reference: DR-775/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard operational measure pursuant to record date fixing by the issuer for corporate action purposes.

Compliance Requirements

  • Trading members must not execute any transactions in the specified debentures from December 11, 2025
  • Trading members must inform their clients holding or interested in these debentures about the trading suspension
  • All pending orders for these debentures must be cancelled or suspended
  • Settlement obligations for trades executed before suspension date must be completed as per normal settlement cycle

Important Dates

  • December 9, 2025: Notice issuance date
  • December 11, 2025: Record date for redemption and interest payment
  • December 11, 2025: Trading suspension effective date (no dealings from this date)

Impact Assessment

Market Impact: High - Complete trading halt prevents any secondary market transactions in these debentures. Investors holding these securities cannot exit positions through market sale.

Investor Impact: High for current holders - No liquidity available from suspension date. However, holders as of record date will receive redemption proceeds and final interest payment.

Operational Impact: Trading members must update their systems to block orders in this security and communicate with affected clients about the suspension and upcoming redemption.

Impact Justification

Complete trading suspension in debentures due to imminent redemption affects all holders and trading members dealing in these securities