Description

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

Summary

BSE has announced the suspension of trading in non-convertible debentures of Mahindra & Mahindra Financial Services Limited (MMFSL) effective December 31, 2025. The suspension is due to the company’s record date being fixed 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

  • Trading suspension applies to MMFSL debenture with ISIN: INE774D07UR5 (Security Code: 974546)
  • Debenture series: MMFSL-GSEC-15-1-26-PVT
  • Purpose: Redemption of debentures and payment of interest
  • No dealings permitted from December 31, 2025
  • Notice issued under reference DR-788/2025-2026
  • Trading members must comply with the suspension directive

Regulatory Changes

No regulatory changes introduced. This is a standard procedural suspension for corporate action processing.

Compliance Requirements

  • Trading members must not execute any trades in the specified MMFSL debentures (INE774D07UR5) from December 31, 2025
  • Members must ensure their systems and trading desks are updated to prevent dealing in the suspended security
  • Compliance with BSE’s corporate action processing requirements for debt securities

Important Dates

  • Notice Date: December 19, 2025
  • Record Date: December 31, 2025
  • No Dealings From: December 31, 2025

Impact Assessment

Market Impact: Minimal. This affects only holders of this specific MMFSL debenture series and is a routine corporate action for debt securities reaching maturity.

Investor Impact: Debenture holders will receive their redemption proceeds and final interest payment. No action required from investors as the process is automatic based on record date holdings.

Operational Impact: Trading members need to update their systems to block trading in this security from the specified date. Standard operational procedure for debt instrument redemptions with no broader market implications.

Impact Justification

Routine trading suspension for debenture redemption affecting a single debt instrument. Limited market-wide impact as this is a standard corporate action procedure for maturity of non-convertible debentures.