Description
BSE suspends trading in bonds of Punjab Infrastructure Development Board (INE091D11089) effective December 12, 2025 due to record date for redemption and interest payment.
Summary
BSE has announced the suspension of trading in bonds of Punjab Infrastructure Development Board (PIDB) with ISIN INE091D11089 (Scrip Code: 972366) effective December 12, 2025. The suspension is implemented due to the company fixing a record date for redemption of bonds and payment of interest. Trading members are advised not to deal in these bonds from December 12, 2025.
Key Points
- Trading suspension applies to PIDB bonds with ISIN INE091D11089 (Scrip Code: 972366)
- Record date for redemption and interest payment: December 12, 2025
- No dealings permitted from December 12, 2025 onwards
- Notice issued under Corporate Actions category for Debt segment
- Reference Number: DR-776/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action procedure when an issuer sets a record date for bond redemption and interest payment.
Compliance Requirements
- Trading members must not execute any transactions in the specified bonds (ISIN: INE091D11089) from December 12, 2025
- Trading members are required to take note of this suspension and ensure compliance
- All dealings in the affected bonds must cease from the no-dealings date
Important Dates
- Notice Date: December 10, 2025
- Record Date: December 12, 2025
- No Dealings From: December 12, 2025
- Purpose: Redemption of Bonds and Payment of Interest
Impact Assessment
Market Impact: Medium - The trading suspension affects bondholders and potential investors in Punjab Infrastructure Development Board bonds. Existing bondholders will receive their redemption proceeds and interest payment as per the record date.
Operational Impact: Trading members must update their systems to prevent trading in the specified bond from December 12, 2025. The suspension ensures clean record-keeping for the redemption and interest payment process.
Investor Impact: Bondholders as of the record date (December 12, 2025) will be eligible for redemption proceeds and interest payment. No new positions can be established in these bonds from the suspension date.
Impact Justification
Trading suspension affects bondholders of Punjab Infrastructure Development Board but is limited to specific bond series (INE091D11089). Standard corporate action with defined record date for redemption and interest payment.