Description

BSE suspends trading in SAMMAAN FINSERVE LIMITED's 9.55% debentures (INE244L07580) from January 1, 2026, due to scheduled redemption and interest payment with record date set for the same day.

Summary

BSE has issued a suspension notice for trading in the 9.55% Non-Convertible Debentures of SAMMAAN FINSERVE LIMITED (ISIN: INE244L07580, Code: 975838). The suspension takes effect from January 1, 2026, coinciding with the company’s record date for redemption of debentures and payment of interest. Trading members are explicitly advised not to deal in these debentures from the suspension date.

Key Points

  • Company: SAMMAAN FINSERVE LIMITED
  • Debenture Series: SFIL-9.55%-16-1-26-PVT
  • ISIN: INE244L07580
  • BSE Code: 975838
  • Record Date: January 1, 2026
  • No Dealings From: January 1, 2026
  • Purpose: Redemption of Debentures and Payment of Interest
  • Notice Reference: DR-789/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard operational suspension tied to corporate action processing for debenture redemption.

Compliance Requirements

  • Trading members must not execute any deals in the specified debentures (INE244L07580) from January 1, 2026
  • Trading members are required to take note of the suspension and inform relevant clients holding or interested in these securities
  • Compliance with BSE’s corporate action processing requirements for debt securities

Important Dates

  • Notice Date: December 30, 2025
  • Record Date: January 1, 2026
  • Trading Suspension Date: January 1, 2026

Impact Assessment

Market Impact: Limited to holders of this specific debenture series. The suspension prevents secondary market trading but does not affect the redemption process or interest payment to existing holders.

Investor Impact: High for current debenture holders who cannot exit positions through secondary market from January 1, 2026. However, this is expected as the debentures are being redeemed. Investors will receive redemption proceeds and final interest payment as per the debenture terms.

Operational Impact: Trading members must update their systems to block trading in this security and communicate the suspension to affected clients. Standard corporate action processing procedures apply.

Impact Justification

High severity for debenture holders as trading is suspended, but medium overall impact as it affects only one specific debenture series of a single company and follows standard redemption procedures.