Description

Trading suspended in MMFL 9.75% debentures from December 18, 2025 due to redemption with record date set for the same day.

Summary

BSE has announced the suspension of trading in specific Non-Convertible Debentures (NCDs) of Muthoottu Mini Financiers Limited effective December 18, 2025. The suspension is implemented due to the company fixing a record date for redemption of these debentures. Trading members are advised not to deal in the specified debentures from the no-dealings date.

Key Points

  • Trading suspended for MMFL 9.75% NCDs (ISIN: INE101Q07AF0, Code: 937817)
  • Record date for redemption: December 18, 2025
  • No dealings permitted from: December 18, 2025
  • Circular issued under notice number DR-780/2025-2026
  • Trading members must cease all transactions in these securities

Regulatory Changes

No regulatory framework changes. This is a standard operational suspension aligned with existing debenture redemption procedures.

Compliance Requirements

  • Trading members must not execute any deals in the specified debentures from December 18, 2025
  • Trading members are required to take note of the suspension and ensure compliance
  • All market participants must honor the record date for redemption purposes

Important Dates

  • December 12, 2025: Circular issued
  • December 18, 2025: Record date for redemption
  • December 18, 2025: No dealings commence (trading suspension effective)

Impact Assessment

Market Impact: Limited to holders of specific MMFL NCDs. The suspension is procedural and related to scheduled redemption rather than credit concerns.

Investor Impact: Medium impact for NCD holders who must hold securities through record date to be eligible for redemption proceeds. No trading flexibility available from December 18, 2025.

Operational Impact: Trading members must update systems to prevent inadvertent trading in suspended securities. Standard corporate action processing applies for redemption settlement.

Impact Justification

Routine suspension for debenture redemption affecting specific NCD holders; limited broader market impact but important for investors holding these securities.