Description

Trading in MRPL 6.18% debentures suspended from December 12, 2025 due to record date for redemption and interest payment.

Summary

BSE has suspended trading in the 6.18% Non-Convertible Debentures of Mangalore Refinery & Petrochemicals Limited (ISIN: INE103A08043, Code: 960362) effective December 12, 2025. The suspension is due to the company fixing December 12, 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

  • Company: Mangalore Refinery & Petrochemicals Limited
  • Security: MRPL-6.18%-29-12-25-PVT (Non-Convertible Debentures)
  • ISIN: INE103A08043
  • BSE Code: 960362
  • Record Date: December 12, 2025
  • No Dealings From: December 12, 2025
  • Purpose: Redemption of Debentures and Payment of Interest
  • Circular Reference: DR-776/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard operational suspension implemented as per BSE’s existing procedures for corporate actions involving debt securities.

Compliance Requirements

  • Trading members must cease all dealing in the specified debentures from December 12, 2025
  • No buy or sell transactions permitted in these securities after the suspension date
  • Trading members must inform their clients holding or intending to trade these debentures about the suspension
  • Members should ensure compliance with the no-dealings directive to avoid regulatory issues

Important Dates

  • December 10, 2025: Circular issued by BSE
  • December 12, 2025: Record date for redemption and interest payment
  • December 12, 2025: Trading suspension becomes effective (no dealings from this date)
  • December 29, 2025: Indicated maturity date (based on debenture nomenclature)

Impact Assessment

Market Impact: High impact on debenture holders and trading members. The suspension prevents any secondary market trading, effectively locking in current holders until redemption. Investors seeking liquidity before redemption date will be unable to exit their positions.

Operational Impact: Trading members must update their systems to block trades in these securities and communicate the suspension to clients. Back-office operations need to prepare for redemption processing and interest payment distributions.

Financial Impact: Debenture holders will receive their principal redemption and final interest payment on the record date. No trading opportunities available for arbitrage or portfolio adjustments after December 12, 2025.

Impact Justification

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