Description
BSE suspends trading in debentures of Manba Finance Limited (INE939X07101) effective December 12, 2025 due to record date for interest payment and redemption.
Summary
BSE has announced the suspension of trading in specific non-convertible debentures of MANBA FINANCE LIMITED (Code: MFL-12.6%-27-12-25-PVT, ISIN: INE939X07101, Scrip Code: 975290) effective December 12, 2025. The suspension is implemented because the company has fixed 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
- Trading suspension applies to specific debentures: MFL-12.6%-27-12-25-PVT (ISIN: INE939X07101)
- Scrip Code: 975290
- Record date set for December 12, 2025
- No dealings permitted from December 12, 2025
- Circular reference: DR-776/2025-2026
- Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No regulatory changes announced. This is a standard operational suspension related to corporate action processing.
Compliance Requirements
- Trading members must immediately cease all trading activities in the specified debentures from December 12, 2025
- Trading members are required to note and comply with the no-dealings restriction
- Ensure all pending transactions are settled before the suspension date
Important Dates
- December 10, 2025: Circular issue date
- December 12, 2025: Record date for interest payment and redemption
- December 12, 2025: Trading suspension effective date (no dealings permitted from this date)
Impact Assessment
Market Impact: Limited to holders and traders of this specific debt instrument. The suspension prevents any trading activity, which may affect liquidity for existing holders who wish to exit their positions.
Investor Impact: Debenture holders as of the record date (December 12, 2025) will be eligible for interest payment and redemption. Investors planning to purchase or sell these debentures must complete transactions before December 12, 2025.
Operational Impact: Trading members must update their systems to block trading in these securities and inform clients holding or interested in these debentures about the suspension.
Impact Justification
High severity for holders of this specific debenture due to immediate trading suspension, but medium overall impact as it affects only one debt security of a single company.