Description
Trading suspended in L&T Metro Rail (Hyderabad) Limited debentures (INE128M08037) from January 12, 2026 due to redemption with record date set for the same date.
Summary
BSE has announced suspension of trading in non-convertible debentures of L&T Metro Rail (Hyderabad) Limited effective January 12, 2026. The suspension is due to the company fixing a record date for redemption of its 9.85% debentures maturing on January 28, 2036. Trading members are advised not to deal in these debentures from the no-dealings date.
Key Points
- Debenture ISIN: INE128M08037 (Code: 953370)
- Coupon Rate: 9.85%
- Maturity Date: January 28, 2036
- Security Type: Private Non-Convertible Debentures
- Notice Number: DR-796/2025-2026
- Issuer: L&T Metro Rail (Hyderabad) Limited
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notice for debenture redemption.
Compliance Requirements
- Trading members must not execute any transactions in the specified debentures from January 12, 2026
- All market participants must observe the trading suspension from the no-dealings date
- Compliance mandatory for all BSE trading members dealing in debt securities
Important Dates
- Circular Date: January 1, 2026
- Record Date: January 12, 2026
- No Dealings From: January 12, 2026
- Original Maturity: January 28, 2036
Impact Assessment
Limited market impact as this affects a single privately placed debenture issue. Holders of the debenture will receive redemption proceeds as per the terms. Trading suspension is temporary and standard procedure for redemption-related corporate actions. No broader debt market implications expected. Impact confined to existing debenture holders and potential buyers who cannot trade during the suspension period.
Impact Justification
Routine suspension for debenture redemption affecting single debt security with limited market impact