Description

Trading suspended in IOCL 5.60% debentures from January 8, 2026 due to redemption and interest payment with record date set for January 8, 2026.

Summary

BSE has notified trading members about the suspension of trading in non-convertible debentures (NCDs) of Indian Oil Corporation Limited (IOCL). The company has fixed January 8, 2026 as the record date for redemption of debentures and payment of interest. Trading members are advised not to deal in the specified debentures from January 8, 2026 onwards.

Key Points

  • IOCL has fixed record date for debenture redemption and interest payment
  • Affected security: IOCL 5.60% debentures (ISIN: INE242A08494, Code: 960429)
  • No dealings permitted from January 8, 2026
  • Notice issued under Corporate Actions category for Debt segment
  • Circular reference: DR-794/2025-2026

Regulatory Changes

No regulatory changes. This is a standard corporate action notification for debenture redemption.

Compliance Requirements

  • Trading members must not deal in the specified IOCL debentures from the suspension date
  • Trading members must take note of the record date and suspension schedule
  • All dealings in the affected debentures must cease from January 8, 2026

Important Dates

  • Notice Date: January 1, 2026
  • Record Date: January 8, 2026
  • No Dealings From: January 8, 2026
  • Purpose Date: January 8, 2026 (Redemption and Interest Payment)

Impact Assessment

Market Impact: Limited impact as this affects only a specific series of IOCL debentures scheduled for maturity. Standard corporate action for debt instruments.

Operational Impact: Trading members holding or dealing in IOCL 5.60% debentures must ensure no transactions occur from January 8, 2026. Debenture holders as of record date will receive redemption proceeds and final interest payment.

Investor Impact: Debenture holders will receive their principal redemption amount plus accrued interest based on the January 8, 2026 record date. No secondary market trading possible after suspension date.

Impact Justification

Routine debenture redemption notice affecting specific debt instrument holders. Limited to single IOCL debenture series with defined record date.