Description

Trading suspended in MMFSL debentures (INE774D07UR5) from December 31, 2025 due to record date for redemption and interest payment.

Summary

BSE has announced the suspension of trading in specific non-convertible debentures issued by Mahindra & Mahindra Financial Services Limited (MMFSL) effective December 31, 2025. The suspension is implemented because the company has fixed the record date for redemption of debentures and payment of interest on the same date. Trading members are advised not to deal in the specified debenture series.

Key Points

  • Debenture Series: MMFSL-GSEC-15-1-26-PVT (ISIN: INE774D07UR5, Code: 974546)
  • Record Date: December 31, 2025
  • Purpose: Redemption of Debentures and Payment of Interest
  • No Dealings From: December 31, 2025
  • Notice Reference: DR-788/2025-2026
  • Issued by: Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No regulatory framework changes. This is a standard operational suspension notice pursuant to corporate action requirements for debt securities.

Compliance Requirements

  • Trading members must cease all dealing activities in the specified MMFSL debentures from December 31, 2025
  • Members must ensure no transactions are executed in MMFSL-GSEC-15-1-26-PVT (INE774D07UR5) on or after the suspension date
  • Members should inform their clients holding these debentures about the trading suspension

Important Dates

  • December 19, 2025: Circular issued
  • December 31, 2025: Record date for interest payment and redemption; trading suspension begins

Impact Assessment

Market Impact: Limited to holders and traders of this specific MMFSL debenture series. The suspension is temporary and relates to standard corporate action procedures for debt redemption and interest payment.

Investor Impact: Debenture holders on record as of December 31, 2025 will be eligible for interest payment and redemption proceeds. No trading liquidity will be available from the suspension date.

Operational Impact: Trading members must update their systems to prevent trades in the specified ISIN and ensure compliance with the no-dealing restriction.

Impact Justification

Specific debenture trading suspension affecting only holders of MMFSL-GSEC-15-1-26-PVT series, limited to debt market participants