Description
Trading suspended in HCC debentures (ISIN: INE549A07239) from December 31, 2025 due to early redemption and interest payment with record date set for December 31, 2025.
Summary
BSE has announced the suspension of trading in non-convertible debentures of Hindustan Construction Co. Ltd. (HCC) effective December 31, 2025. The suspension is due to the company fixing a record date for early redemption of debentures and payment of interest. Trading members are advised not to deal in the specified debentures from the no-dealing date.
Key Points
- Trading suspension applies to HCC debentures with ISIN: INE549A07239 (Security Code: 974248)
- Debenture series: HCCL-0.01%-31-3-26-PVT
- Record date fixed: December 31, 2025
- No dealings permitted from: December 31, 2025
- Purpose: Early redemption of debentures and payment of interest
- Circular reference: DR-788/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notification for debenture redemption following established BSE procedures for debt securities.
Compliance Requirements
- Trading members must cease all trading activity in the specified HCC debentures from December 31, 2025
- Members should update their systems to prevent inadvertent trading in these securities
- Debenture holders as of record date (December 31, 2025) will be eligible for redemption proceeds and interest payment
- Trading members must communicate this suspension to their clients holding these debentures
Important Dates
- Notice Date: December 29, 2025
- Record Date: December 31, 2025
- No Dealings From: December 31, 2025
- Redemption Event: Early redemption of debentures and interest payment
Impact Assessment
Market Impact: Limited to holders of this specific HCC debenture series. The early redemption provides liquidity to debenture holders but removes this instrument from trading.
Investor Impact: High for existing debenture holders who must hold their positions through record date to receive redemption proceeds. No new positions can be established from December 31, 2025.
Operational Impact: Trading members must update trading systems and communicate with affected clients. The 0.01% coupon rate indicates this is a deeply discounted or special purpose debenture series.
Liquidity Impact: Trading suspension eliminates secondary market liquidity for this instrument, though this is temporary as redemption will provide exit to holders.
Impact Justification
High severity for debenture holders as trading is suspended, but medium overall impact as it affects specific debt instruments only. Record date and no-dealing period clearly defined for orderly redemption process.