Description

BSE suspends trading in five series of non-convertible debentures of SAMMAAN CAPITAL LIMITED effective December 15, 2025, due to redemption and interest payment with record date set for the same day.

Summary

BSE has issued a notice suspending trading in five series of non-convertible debentures issued by SAMMAAN CAPITAL LIMITED. The suspension is effective from December 15, 2025, coinciding with the record date set by the company for redemption of debentures and payment of interest. Trading members are advised not to deal in these specified debentures from the suspension date.

Key Points

  • Five debenture series of SAMMAAN CAPITAL LIMITED affected by trading suspension
  • Record date fixed as December 15, 2025 for both interest payment and redemption
  • Trading suspension effective from December 15, 2025 (no dealings from this date)
  • All affected debentures have maturity date of December 28, 2025
  • Interest rates range from 8.7% to 9.55% across the five series
  • Notice reference: DR-777/2025-2026

Affected Securities

1. SCL-9.05%-28-12-25-NCD

  • ISIN: INE148I07NI5
  • BSE Code: 938306
  • Interest Rate: 9.05%

2. SCL-9.55%-28-12-25-NCD

  • ISIN: INE148I07NH7
  • BSE Code: 938308
  • Interest Rate: 9.55%

3. SCL-8.7%-28-12-25-NCD

  • ISIN: INE148I07NP0
  • BSE Code: 938310
  • Interest Rate: 8.7%

4. SCL-9.16%-28-12-25-NCD

  • ISIN: INE148I07NM7
  • BSE Code: 938312
  • Interest Rate: 9.16%

5. SCL-28-12-25-NCD

  • ISIN: INE148I07NL9
  • BSE Code: 938314

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notice pursuant to existing BSE regulations regarding trading suspension for securities approaching redemption with fixed record dates.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from December 15, 2025
  • Trading members are required to take note of the suspension and inform their clients accordingly
  • No dealings permitted in any of the five debenture series listed in the notice

Important Dates

  • Notice Date: December 11, 2025
  • Record Date: December 15, 2025
  • Trading Suspension Date: December 15, 2025
  • Debenture Maturity Date: December 28, 2025

Impact Assessment

Market Impact: Medium - The suspension affects multiple debenture series but is limited to one issuer. This is a procedural suspension related to scheduled corporate actions rather than regulatory concerns.

Investor Impact: Debenture holders will receive their final interest payment and principal redemption as scheduled. However, secondary market liquidity is eliminated from the suspension date, preventing any exit or entry for investors during the final two weeks before maturity.

Operational Impact: Trading members must update their systems to block trades in these five ISINs and communicate the suspension to clients holding these debentures. The short notice period (4 days) requires prompt action by brokers and dealers.

Impact Justification

Trading suspension affects multiple debenture series but is procedural for scheduled redemption and interest payment. Impact limited to debt instrument holders of this specific issuer.