Description
Trading suspended in MRPL debentures (INE103A08043) from December 12, 2025 due to record date for redemption and interest payment.
Summary
BSE has suspended trading in non-convertible debentures of Mangalore Refinery & Petrochemicals Limited (MRPL-6.18%-29-12-25-PVT, ISIN: INE103A08043, Code: 960362) effective December 12, 2025. The suspension is due to the company fixing 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
- Debenture series: MRPL-6.18%-29-12-25-PVT
- ISIN: INE103A08043
- BSE Code: 960362
- Record date fixed: December 12, 2025
- Purpose: Redemption of debentures and payment of interest
- No dealings permitted from: December 12, 2025
- Notice reference: DR-776/2025-2026
Regulatory Changes
No regulatory changes introduced. This is a standard procedural suspension aligned with existing debt market regulations for record date purposes.
Compliance Requirements
- Trading members must not execute any trades in the specified debentures from December 12, 2025
- Trading members are required to take note of the suspension and communicate to relevant stakeholders
- All pending orders and positions in these debentures must be reviewed and managed accordingly
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 permitted)
Impact Assessment
Market Impact: High impact on holders and traders of MRPL debentures. The trading suspension prevents any secondary market transactions in these securities from December 12, 2025. Investors holding these debentures as of the record date will be eligible for interest payment and redemption proceeds.
Operational Impact: Trading members must immediately update their systems to block trades in the specified debenture series. Any investors looking to exit or enter positions in these debentures must complete transactions before December 12, 2025. The suspension is procedural and temporary, linked to the corporate action processing.
Investor Impact: Debenture holders will receive their final interest payment and redemption amount based on holdings as of the record date. Liquidity in these securities is completely frozen from the suspension date until redemption is completed.
Impact Justification
Complete trading suspension for specific debenture series affecting debt market participants with immediate effect from record date