Description

Trading suspended in SMIL debentures (INE775A08089) from January 8, 2026 due to record date for redemption and interest payment.

Summary

BSE has suspended trading in specific non-convertible debentures (SMIL-8.15%-23-1-26-PVT) of Samvardhana Motherson International Limited effective January 8, 2026. The suspension is due to the company fixing a record date for redemption of debentures and payment of interest. Trading members are advised not to deal in these debentures from the specified date.

Key Points

  • Company: Samvardhana Motherson International Limited
  • Debenture Code: 974555 (ISIN: INE775A08089)
  • Debenture Series: SMIL-8.15%-23-1-26-PVT
  • Record Date: January 8, 2026
  • No dealings permitted from: January 8, 2026
  • Purpose: Redemption of debentures and payment of interest
  • Notice Reference: DR-794/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification requiring temporary trading suspension in accordance with BSE procedures for debenture redemption.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from January 8, 2026
  • Trading members should inform their clients holding these debentures about the suspension
  • Debenture holders registered as of the record date will be eligible for interest payment and redemption

Important Dates

  • Notice Date: January 1, 2026
  • Record Date: January 8, 2026
  • Trading Suspension Date: January 8, 2026

Impact Assessment

Market Impact: Limited to holders of this specific debenture series. The suspension is procedural and temporary, affecting only the SMIL 8.15% debentures maturing in 2026. This is a standard corporate action with no broader market implications.

Investor Impact: Debenture holders will receive their principal redemption and final interest payment based on holdings as of the record date. No trading is possible from the suspension date, ensuring clean settlement for the redemption process.

Impact Justification

Temporary trading suspension affects specific debenture holders for administrative purposes related to redemption and interest payment