Description
Trading suspended in JM Financial Products Limited debentures (ISIN: INE523H07BZ0) from December 11, 2025 due to record date for redemption and interest payment.
Summary
BSE has announced the suspension of trading in specific debentures of JM Financial Products Limited (Code: 974935, ISIN: INE523H07BZ0) effective December 11, 2025. The suspension is due to the company fixing 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 specified date.
Key Points
- Company: JM Financial Products Limited
- Debenture ISIN: INE523H07BZ0 (Code: 974935)
- Coupon Rate: 8.90%
- Maturity Date: December 26, 2025
- Record Date: December 11, 2025
- No Dealings From: December 11, 2025
- Purpose: Redemption of debentures and payment of interest
- Notice Reference: DR-775/2025-2026
Regulatory Changes
No regulatory changes announced. This is a standard operational notice for debenture redemption procedures.
Compliance Requirements
- Trading members must not deal in the specified debentures of JM Financial Products Limited from December 11, 2025
- Trading members are required to take note of the suspension and ensure compliance
- The suspension applies specifically to debentures with ISIN INE523H07BZ0
Important Dates
- December 9, 2025: Notice issued by BSE
- December 11, 2025: Record date for interest payment and redemption
- December 11, 2025: Trading suspension effective date (no dealings from this date)
- December 26, 2025: Original maturity date of the debentures
Impact Assessment
Market Impact: Limited to holders of this specific debenture series (JMPL-8.90%-26-12-25-PVT). The trading suspension is temporary and procedural in nature, related to the upcoming redemption scheduled for December 26, 2025.
Investor Impact: Debenture holders will receive their interest payment and principal redemption as per the terms. Investors holding these debentures should note that they cannot trade them from December 11, 2025 onwards. Only investors on record as of December 11, 2025 will be eligible for the interest payment and redemption proceeds.
Operational Impact: Trading members must update their systems to prevent any inadvertent trading in these debentures from the suspension date. This is a standard procedure for debt instruments approaching maturity with scheduled redemptions.
Impact Justification
Medium importance as this affects specific debenture holders of JM Financial Products Limited. Impact is medium as it's a temporary trading suspension for a single debenture series ahead of scheduled redemption.