Description

Trading suspended in IOCL 5.60% debentures (INE242A08494) from January 8, 2026 due to record date for redemption and interest payment.

Summary

BSE has announced suspension of trading in Non-Convertible Debentures of Indian Oil Corporation Ltd (IOCL) effective January 8, 2026. The suspension is due to the company fixing a record date for redemption of debentures and payment of interest on the specified instrument.

Key Points

  • Trading suspended for IOCL 5.60% debentures maturing January 23, 2026
  • ISIN: INE242A08494 (BSE Code: 960429)
  • Record date set for January 8, 2026
  • Purpose: Redemption of debentures and payment of interest
  • Trading members advised not to deal in these debentures from January 8, 2026
  • Notice number: DR-794/2025-2026

Regulatory Changes

No regulatory changes. This is a standard corporate action notification pursuant to debenture redemption procedures.

Compliance Requirements

  • Trading members must not execute any trades in the specified IOCL debentures (INE242A08494) from January 8, 2026 onwards
  • Members must take note of the suspension and ensure compliance with the no-dealings restriction

Important Dates

  • Notice Date: January 1, 2026
  • Record Date: January 8, 2026
  • No Dealings From: January 8, 2026
  • Debenture Maturity: January 23, 2026 (as per ISIN nomenclature)

Impact Assessment

Market Impact: Limited to holders of this specific IOCL debenture series. The suspension is a routine procedural requirement for debenture redemption and does not reflect any adverse development.

Investor Impact: Debenture holders will receive their redemption proceeds and final interest payment as per the terms. Secondary market liquidity is eliminated from the suspension date, but this is expected given the proximity to maturity.

Operational Impact: Trading members must update their systems to prevent inadvertent trading in the suspended instrument. Standard corporate action processing applies.

Impact Justification

Standard trading suspension for debenture redemption affecting specific debt instrument holders; routine corporate action with limited broader market impact