Description

Trading suspended in KMIL-9%-31-12-25-PVT debentures from December 16, 2025 due to record date fixation for redemption.

Summary

BSE has announced the suspension of trading in a specific series of Non-Convertible Debentures (NCDs) issued by Kotak Mahindra Investments Limited. The debentures with ISIN INE975F08CR9 (KMIL-9%-31-12-25-PVT, Scrip Code: 953176) will not be available for trading from December 16, 2025, as the company has fixed this date as the record date for redemption purposes.

Key Points

  • Debenture Series: KMIL-9%-31-12-25-PVT (Private Placement)
  • ISIN: INE975F08CR9
  • BSE Scrip Code: 953176
  • Record Date: December 16, 2025
  • No Dealings From: December 16, 2025
  • Purpose: Redemption of Debentures
  • Notice Reference: DR-778/2025-2026
  • Issuer: Kotak Mahindra Investments Limited

Regulatory Changes

No regulatory changes introduced. This is a standard market operation procedure when debentures approach redemption.

Compliance Requirements

  • Trading members must cease all dealings in the specified debentures (ISIN: INE975F08CR9) from December 16, 2025
  • Members are advised to update their systems to prevent inadvertent trading in the suspended instrument
  • No buy or sell orders should be accepted for this specific debenture series from the effective date

Important Dates

  • Notice Date: December 11, 2025
  • Record Date: December 16, 2025
  • Trading Suspension Date: December 16, 2025
  • Maturity Date: December 31, 2025 (as indicated by instrument name)

Impact Assessment

Market Impact: Low - This affects only a single series of privately placed debentures with a maturity coupon rate of 9%. The suspension is temporary and directly related to the redemption process.

Investor Impact: Minimal - Investors holding these debentures will receive redemption proceeds as per the terms. The trading suspension prevents new positions from being created close to maturity.

Operational Impact: Routine administrative action with no broader market implications. Trading members should ensure compliance systems are updated to block trades in this specific ISIN from December 16, 2025.

Impact Justification

Routine administrative suspension for specific debenture series redemption affecting only holders of this particular instrument