Description
BSE suspends trading in bonds of Punjab Infrastructure Development Board effective December 12, 2025 due to record date for redemption and interest payment.
Summary
BSE has issued a notice suspending trading in bonds of Punjab Infrastructure Development Board (ISIN: INE091D11089, Code: 972366) effective December 12, 2025. The suspension is due to the company fixing a record date for bond redemption and interest payment. Trading members are advised not to deal in these bonds from December 12, 2025.
Key Points
- Trading suspension applies to bonds with ISIN INE091D11089 (Code: 972366)
- Record date set for December 12, 2025
- Purpose: Redemption of bonds and payment of interest
- No dealings permitted from December 12, 2025
- Notice reference: DR-776/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard corporate action procedure for bond redemption and interest payment.
Compliance Requirements
- Trading members must not execute any trades in the specified bonds from December 12, 2025
- All market participants must take note of the trading suspension
- Members should inform their clients holding these bonds about the suspension
Important Dates
- Notice Date: December 10, 2025
- Record Date: December 12, 2025
- No Dealings From: December 12, 2025
Impact Assessment
Market Impact: High - Complete trading suspension prevents any buy/sell transactions in these bonds, affecting liquidity for bondholders.
Bondholder Impact: High - Bondholders will receive their final redemption proceeds and interest payment. Those on record as of December 12, 2025 will be eligible for the payment.
Operational Impact: Trading members and brokers must ensure compliance systems prevent any trades in these bonds from the suspension date to avoid regulatory breaches.
Impact Justification
Immediate trading suspension affects bondholders and market participants dealing with Punjab Infrastructure Development Board bonds