Description

BSE suspends trading in two series of non-convertible debentures of Chemmanur Credits and Investments Limited from January 2, 2026, due to record date for redemption and interest payment.

Summary

BSE has announced the suspension of trading in two series of non-convertible debentures (NCDs) issued by Chemmanur Credits and Investments Limited. Trading will be suspended from January 2, 2026, as the company has fixed January 3, 2026, as the record date for redemption of debentures and payment of interest. Trading members are advised not to deal in these specified debentures.

Key Points

  • Two series of NCDs affected: CCIL-9.5%-19-1-26-NCD (ISIN: INE051307BH3, Code: 940079) and CCIL-19-1-26-NCD (ISIN: INE051307BN1, Code: 940091)
  • Record date fixed: January 3, 2026
  • Trading suspension effective from: January 2, 2026
  • Purpose: Redemption of debentures and payment of interest
  • Circular reference: DR-790/2025-2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from January 2, 2026
  • Trading members must inform their clients holding these debentures about the suspension
  • No dealings permitted in ISIN: INE051307BH3 (940079) and INE051307BN1 (940091) from the specified date

Important Dates

  • December 31, 2025: Circular issuance date
  • January 2, 2026: Trading suspension begins (no dealings from this date)
  • January 3, 2026: Record date for redemption and interest payment

Impact Assessment

Market Impact: Low - affects only two specific debenture series of one company in the debt segment. Does not impact broader equity or debt markets.

Investor Impact: Medium for debenture holders - suspension ensures proper determination of beneficial owners for redemption and interest payment. Investors cannot trade these securities during suspension period.

Operational Impact: Minimal - standard procedure for corporate actions involving redemption and interest payments on debt securities.

Impact Justification

Routine trading suspension for specific debenture series ahead of record date. Affects only debenture holders of this company, not equity markets.