Description
Trading suspended in debentures of L&T Metro Rail (Hyderabad) Limited from January 12, 2026 due to redemption with record date set for the same day.
Summary
BSE has announced the suspension of trading in non-convertible debentures (NCDs) of L&T Metro Rail (Hyderabad) Limited effective January 12, 2026. The suspension is necessitated by the company’s scheduled redemption of debentures with the same date set as the record date. Trading members are advised not to deal in the specified debentures from the suspension date.
Key Points
- Trading suspension for debentures with ISIN INE128M08037 (Code: 953370)
- Debenture series: LTMRHL-9.85%-28-1-36-PVT (9.85% coupon rate)
- Record date for redemption: January 12, 2026
- No dealings permitted from: January 12, 2026
- Notice reference: DR-796/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard operational suspension under existing corporate actions procedures for debt securities.
Compliance Requirements
- Trading members must cease all dealing in the specified debentures from January 12, 2026
- No buy or sell orders should be accepted for ISIN INE128M08037 from the suspension date
- Members should inform clients holding these debentures about the redemption schedule
Important Dates
- Notice Date: January 1, 2026
- Record Date: January 12, 2026
- Trading Suspension Date: January 12, 2026
- Purpose: Redemption of debentures
Impact Assessment
The impact is limited to holders of this specific debenture series of L&T Metro Rail (Hyderabad) Limited. The suspension is procedural in nature to facilitate the redemption process. Debenture holders as of the record date will receive redemption proceeds as per the terms of issuance. This does not affect the equity market or other debt instruments. The suspension is temporary and specific to this redemption event.
Impact Justification
Routine suspension for debenture redemption affecting single debt instrument with limited market impact