Description

Trading suspended in KLM AXIVA FINVEST LIMITED debentures (INE01I507AD2) from December 24, 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) issued by KLM AXIVA FINVEST LIMITED effective December 24, 2025. The suspension is implemented due to the company fixing a record date for redemption purposes. Trading members are instructed not to deal in the specified debentures from the suspension date.

Key Points

  • Debenture ISIN: INE01I507AD2 (Code: 939937)
  • Series: KLMAFL-9.50%-08-1-26-NCD (9.50% coupon rate)
  • Record date for redemption: December 24, 2025
  • No dealings permitted from: December 24, 2025
  • Notice reference: DR-784/2025-2026
  • Notice issued by: Marian Dsouza, Assistant Vice President – Listing Compliance And Operations

Regulatory Changes

No regulatory framework changes. This is a standard operational suspension implemented as per existing debenture redemption procedures.

Compliance Requirements

  • Trading members must cease all dealings in the specified debentures (INE01I507AD2) from December 24, 2025
  • Trading members are required to take note of the suspension and ensure compliance
  • No buy or sell transactions permitted in the affected security from the suspension date

Important Dates

  • December 15, 2025: Circular issued
  • December 24, 2025: Record date for redemption
  • December 24, 2025: Trading suspension becomes effective (no dealings from this date)

Impact Assessment

Market Impact: Limited to holders and traders of this specific debenture series. The suspension ensures orderly redemption process and prevents trading complications arising from the record date determination.

Operational Impact: Trading members must update their systems to block trades in INE01I507AD2 from December 24, 2025. Investors holding these debentures will have their holdings redeemed as per the company’s redemption schedule.

Investor Impact: Debenture holders on record as of December 24, 2025 will be eligible for redemption. No secondary market liquidity available from suspension date onwards.

Impact Justification

Trading suspension affects specific debenture holders and traders but limited to single security redemption event