Description
Trading suspended in UGRO CAPITAL LIMITED debentures (INE583D07489) from December 19, 2025 due to record date fixation for interest payment and redemption on December 21, 2025.
Summary
BSE has announced the suspension of trading in non-convertible debentures (NCDs) of UGRO CAPITAL LIMITED (Code: UCL-9.30%-05-1-26-PVT, ISIN: INE583D07489, Scrip Code: 975805) effective December 19, 2025. The suspension is imposed because the company has fixed December 21, 2025 as the record date for redemption of debentures and payment of interest. Trading members are advised not to deal in these debentures from the suspension date.
Key Points
- Trading suspension applies to specific NCDs: UCL-9.30%-05-1-26-PVT (ISIN: INE583D07489)
- Scrip code affected: 975805
- No dealings permitted from December 19, 2025
- Record date set for December 21, 2025
- Purpose: Redemption of debentures and payment of interest
- Circular reference: DR-781/2025-2026
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance And Operations
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notice for debt securities.
Compliance Requirements
- Trading members must not deal in the specified debentures of UGRO CAPITAL LIMITED from December 19, 2025
- Trading members are required to take note of the suspension and ensure compliance
- All transactions in the affected debentures must cease before the no-dealings date
Important Dates
- December 15, 2025: Notice date and circular issuance
- December 19, 2025: No dealings from this date (trading suspension effective)
- December 21, 2025: Record date for redemption and interest payment
Impact Assessment
Market Impact: The trading suspension affects liquidity in the specific NCD series of UGRO CAPITAL LIMITED. Investors holding these debentures will be unable to trade them from December 19, 2025. This is a routine corporate action with limited broader market impact.
Operational Impact: Trading members must update their systems to prevent trading in the affected securities. Debenture holders on the record date (December 21, 2025) will receive their interest payment and redemption proceeds as per the terms of the debentures.
Investor Impact: Medium impact for holders of these specific NCDs who may have wanted to exit positions before redemption. However, this is a scheduled redemption event typical for debt securities approaching maturity.
Impact Justification
High severity for debenture holders as trading is suspended, but medium overall impact as it affects only specific debt securities of one company in a standard corporate action process.