Description

Trading suspended for debentures (INE975F07HV2) from January 14, 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 Kotak Mahindra Investments Limited (Security Code: KML-29-1-26-PVT, ISIN: INE975F07HV2, Code: 974495) effective January 14, 2026. The suspension is due to the company fixing the record date for redemption purposes on the same date. Trading members are advised not to deal in these debentures from January 14, 2026 onwards.

Key Points

  • Trading suspension applies to debentures with ISIN INE975F07HV2 (Code: 974495)
  • Record date for redemption set as January 14, 2026
  • No dealings permitted from January 14, 2026
  • Notice issued under reference DR-798/2025-2026
  • Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory framework changes. This is a standard operational procedure for debenture redemption as per existing BSE regulations for corporate actions in the debt segment.

Compliance Requirements

  • Trading members must cease all dealings in the specified debentures from January 14, 2026
  • Members holding positions in these debentures should prepare for redemption process
  • No buy or sell orders should be accepted for ISIN INE975F07HV2 from the suspension date
  • Trading members must update their systems to reflect the trading suspension

Important Dates

  • January 6, 2026: Circular issued
  • January 14, 2026: Record date for redemption
  • January 14, 2026: Trading suspension effective date (no dealings from this date)

Impact Assessment

Market Impact: High for holders of these specific debentures. The trading suspension eliminates liquidity for these securities, preventing any secondary market transactions. Investors holding these debentures will need to wait for the redemption process to be completed.

Operational Impact: Trading members must ensure compliance systems are updated to prevent inadvertent trades in the suspended security. The suspension affects only this specific series of Kotak Mahindra Investments Limited debentures and does not impact other securities of the company or group entities.

Investor Impact: Debenture holders should be aware that no exit option through secondary market will be available from January 14, 2026. Redemption proceeds will be processed as per the company’s redemption schedule and debenture terms.

Impact Justification

Complete trading suspension for specific debenture series affects liquidity and requires immediate action from trading members holding these securities