Description
Trading suspended in KLM AXIVA FINVEST LIMITED's 9.50% Non-Convertible Debentures from December 24, 2025 due to redemption with record date set for the same day.
Summary
BSE has announced the suspension of trading in a specific series of Non-Convertible Debentures (NCDs) issued by KLM AXIVA FINVEST LIMITED. The suspension is effective from December 24, 2025, coinciding with the record date set by the company for the redemption of these debentures. Trading members are advised not to deal in the affected debentures from the suspension date.
Key Points
- KLM AXIVA FINVEST LIMITED has fixed the record date for redemption of its NCDs
- The affected debenture: KLMAFL-9.50%-08-1-26-NCD (ISIN: INE01I507AD2, Scrip Code: 939937)
- Trading suspension effective from December 24, 2025
- Record date for redemption: December 24, 2025
- Circular reference: DR-784/2025-2026
- Trading members are instructed to cease dealings in the specified debentures
Regulatory Changes
No regulatory changes. This is a standard corporate action notice for debenture redemption.
Compliance Requirements
- Trading members must not deal in the specified debentures of KLM AXIVA FINVEST LIMITED from December 24, 2025
- Trading members are required to take note of this suspension and ensure compliance
- No transactions should be executed in the debenture series KLMAFL-9.50%-08-1-26-NCD (ISIN: INE01I507AD2) from the suspension date
Important Dates
- Notice Date: December 15, 2025
- Record Date: December 24, 2025
- Trading Suspension Date: December 24, 2025
- Purpose: Redemption of Non-Convertible Debentures
Impact Assessment
Market Impact: Low - This suspension affects only a single series of debentures from one company and is a routine corporate action related to scheduled redemption.
Investor Impact: Medium for holders of this specific debenture - Debenture holders need to be aware that trading will cease from December 24, 2025. Only investors holding these debentures as of the record date (December 24, 2025) will be eligible for redemption proceeds.
Operational Impact: Low - Standard procedure for trading members to implement suspension for the specified security. This is a common occurrence in debt markets when debentures approach maturity or scheduled redemption dates.
Impact Justification
Routine corporate action affecting a single debenture series of one company. Limited market-wide impact as this is a standard redemption procedure affecting only holders of this specific debt instrument.