Description
BSE suspends trading in AXIS FINANCE LIMITED debentures (INE891K07911) effective December 11, 2025, due to upcoming redemption and interest payment with record date set for the same day.
Summary
BSE has announced the suspension of trading in Non-Convertible Debentures of AXIS FINANCE LIMITED (Code: AFL-8.3%-26-12-25-PVT, ISIN: INE891K07911, Security Code: 975291) effective December 11, 2025. The suspension is implemented due to the company setting a record date for redemption of debentures and payment of interest. Trading members are strictly advised not to deal in these debentures from the specified date.
Key Points
- ISIN: INE891K07911
- Security Code: 975291
- Debenture Series: AFL-8.3%-26-12-25-PVT
- Trading suspension effective from December 11, 2025
- Record date set for December 11, 2025
- Purpose: Redemption of debentures and payment of interest
- Circular Reference: DR-775/2025-2026
- Notice Number: 20251209-67
Regulatory Changes
No regulatory framework changes. This is a standard corporate action procedure where trading is suspended ahead of debenture redemption to freeze the holder list for payment purposes.
Compliance Requirements
- Trading Members: Must not execute any trades in the specified debentures from December 11, 2025 onwards
- Brokers: Should inform clients holding these debentures about the trading suspension
- Debenture Holders: No action required; eligible holders as per record date will receive redemption proceeds and interest payment
- All trading members must take note of this suspension and ensure compliance
Important Dates
- Notice Date: December 9, 2025
- Record Date: December 11, 2025
- Trading Suspension Date: December 11, 2025
- Purpose Fulfillment: Redemption of debentures and interest payment on record date
Impact Assessment
Market Impact: High impact for holders of AXIS FINANCE LIMITED debentures as trading is completely suspended from December 11, 2025. Investors will not be able to buy or sell these securities in the secondary market from the suspension date.
Investor Impact: Debenture holders whose names appear in the records as of December 11, 2025 will be eligible to receive the redemption amount and final interest payment. New buyers cannot acquire these debentures after December 10, 2025.
Operational Impact: Trading members must update their systems to block trades in security code 975291 and ensure no inadvertent transactions occur. The suspension protects the integrity of the redemption process by ensuring a fixed list of beneficiaries for payment.
Impact Justification
Complete trading suspension for specific debenture series affects all holders and trading members, with immediate effect from December 11, 2025