Description

Trading suspended in specific non-convertible debentures of L&T Finance Limited from December 23, 2025 due to redemption and interest payment.

Summary

BSE has announced the suspension of trading in specific non-convertible debentures (NCDs) of L&T Finance Limited effective December 23, 2025. The suspension is due to the company fixing a record date for redemption of debentures and payment of interest. Trading members are advised not to deal in the specified debentures from the suspension date.

Key Points

  • L&T Finance Limited has fixed record date for debenture redemption and interest payment
  • Specific debenture affected: LTF-8.63%-D3-7-1-26-PVT (ISIN: INE235P07134, Code: 953223)
  • Trading suspension effective from December 23, 2025
  • Record date set for December 23, 2025
  • Purpose: Redemption of debentures and payment of interest
  • Trading members instructed not to deal in these debentures from suspension date

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification.

Compliance Requirements

  • Trading members must not execute trades in the specified debentures from December 23, 2025
  • Trading members are required to take note of the suspension and communicate to their clients holding these securities
  • No dealings permitted in ISIN INE235P07134 from the specified date

Important Dates

  • Notice Date: December 15, 2025
  • Record Date: December 23, 2025
  • No Dealings From: December 23, 2025

Impact Assessment

Market Impact: Medium - affects specific debenture holders of L&T Finance Limited. The trading suspension is temporary and procedural in nature.

Investor Impact: Debenture holders of the specified series will not be able to trade their holdings from December 23, 2025. However, they will receive redemption proceeds and interest payment as per the record date.

Operational Impact: Trading members need to update their systems to block trading in the specified ISIN and inform affected clients about the suspension and upcoming redemption.

Impact Justification

Affects specific debenture holders of L&T Finance Limited. Trading suspension is procedural for redemption but impacts liquidity for affected security.