Description
Trading suspension for Adani Enterprises' partly paid equity shares from December 23, 2025, due to record date for first call payment of Rs. 450 per share.
Summary
BSE has announced a trading suspension for partly paid equity shares of Adani Enterprises Ltd. (Scrip Code 890227) effective December 23, 2025. The suspension is implemented to facilitate the company’s record date determination for identifying eligible shareholders who must pay the first call amount of Rs. 450 per partly paid equity share (Re. 0.25 face value + Rs. 449.75 premium), representing 25% of the total issue price of Rs. 1,800.
Key Points
- Trading Members are prohibited from dealing in partly paid equity shares of Adani Enterprises Ltd. (Scrip Code 890227)
- Record date set for December 23, 2025
- First call payment: Rs. 450 per share (Re. 0.25 face value + Rs. 449.75 premium)
- Call amount represents 25% of total issue price of Rs. 1,800
- Suspension effective from December 23, 2025 under Settlement DR-783/2025-2026
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No regulatory changes introduced. This is a corporate action notice implementing existing procedures for partly paid equity shares and call payment mechanisms.
Compliance Requirements
- Trading Members must cease all dealings in partly paid equity shares of Adani Enterprises Ltd. (Scrip Code 890227) from December 23, 2025
- Trading Members are required to take note of the suspension and communicate accordingly to their clients
- Shareholders of partly paid shares must prepare for the first call payment notice
Important Dates
- Notice Date: December 19, 2025
- Record Date: December 23, 2025
- No Dealings From Date: December 23, 2025
- Settlement Number: DR-783/2025-2026
Impact Assessment
Market Impact: High - Complete trading suspension affects liquidity for holders of partly paid shares of Adani Enterprises, a major listed entity. Shareholders holding these securities will be unable to trade them from the suspension date.
Shareholder Impact: Shareholders of partly paid equity shares must be prepared to receive and respond to the first call notice requiring payment of Rs. 450 per share. Failure to pay may result in forfeiture of shares as per rights issue terms.
Operational Impact: Trading Members must update their systems and inform clients holding partly paid shares about the trading restriction and upcoming payment obligation. The suspension ensures proper identification of eligible shareholders for the call payment process.
Impact Justification
Complete trading halt on partly paid shares of a major corporate, affecting shareholders and trading members dealing with rights issue securities.