Description
Trading suspended in MRPL debentures (INE103A08043) from December 12, 2025 due to redemption and interest payment with record date set for December 12, 2025.
Summary
BSE has announced the suspension of trading in specific non-convertible debentures of Mangalore Refinery & Petrochemicals Limited (MRPL). The company has set December 12, 2025 as the record date for redemption of debentures and payment of interest. Trading members are advised not to deal in the specified debentures from December 12, 2025.
Key Points
- Trading suspension applies to MRPL 6.18% debentures maturing on December 29, 2025 (ISIN: INE103A08043, Code: 960362)
- Record date fixed as December 12, 2025
- No dealings permitted from December 12, 2025
- Circular reference: DR-776/2025-2026
- Purpose: Redemption of debentures and payment of interest
Regulatory Changes
No regulatory changes announced. This is a standard corporate action notification.
Compliance Requirements
- Trading members must not execute any deals in the specified debentures from December 12, 2025
- Trading members must inform their clients holding these securities about the suspension
- All market participants must comply with the no-dealings restriction
Important Dates
- December 10, 2025: Circular issued
- December 12, 2025: Record date for interest payment and redemption
- December 12, 2025: Trading suspension effective from this date
- December 29, 2025: Original maturity date of debentures
Impact Assessment
Market Impact: Limited to holders of this specific debenture series. The suspension is temporary and related to the redemption process, which is a normal conclusion of the debenture lifecycle.
Investor Impact: Debenture holders will receive their redemption proceeds and final interest payment. No trading opportunity available from December 12, 2025 onwards, but this is expected as the securities are being redeemed.
Operational Impact: Trading members must update their systems to block trading in this ISIN and communicate the suspension to affected clients.
Impact Justification
Trading suspension affects specific debenture holders but is a routine corporate action for redemption. Impact limited to debt security holders of this particular ISIN.