Description
Trading suspended for two series of tax-free bonds of IREDA due to upcoming redemption and interest payment with record date January 6, 2026.
Summary
BSE has suspended trading in two series of tax-free bonds issued by Indian Renewable Energy Development Agency Limited (IREDA) effective January 6, 2026. The suspension is due to the company fixing a record date for redemption of bonds and payment of interest. Trading members are advised not to deal in these specified bonds from the no-dealings date.
Key Points
- Two bond series affected: IREDA 7.28% and IREDA 7.53% tax-free NCDs
- Record date fixed: January 6, 2026
- No dealings permitted from: January 6, 2026
- Purpose: Redemption of bonds and payment of interest
- Notice reference: DR-792/2025-2026
- Notice number: 20251231-54
Affected Securities
Bond 1:
- Name: IREDA-7.28%-21-1-26-TAXFREENCD
- ISIN: INE202E07187
- Security Code: 935610
Bond 2:
- Name: IREDA-7.53%-21-1-26-TAXFEEENCD
- ISIN: INE202E07211
- Security Code: 935616
Compliance Requirements
- Trading members must not deal in the specified bonds from January 6, 2026
- Members are required to take note of this suspension and inform their clients accordingly
- All pending orders and positions in these securities should be managed before the no-dealings date
Important Dates
- Notice Date: December 31, 2025
- Record Date: January 6, 2026
- No Dealings From: January 6, 2026
Impact Assessment
The suspension affects bondholders of two specific IREDA tax-free NCD series. Investors holding these bonds will receive their redemption proceeds and final interest payment as per the record date. Trading members need to ensure no fresh positions are created in these securities from the specified date. The impact is limited to these two bond series and does not affect other IREDA securities or the broader debt market.
Impact Justification
Affects two specific bond series with defined redemption timeline. Impact limited to bondholders of these instruments with clear suspension period.