Description
Trading suspended in preference shares of Music Broadcast Limited from January 9, 2026 due to redemption with record date set for the same day.
Summary
BSE has announced the suspension of trading in Non-Convertible Redeemable Preference Shares (NCRPS) of Music Broadcast Limited effective January 9, 2026. The suspension is due to the company’s scheduled redemption of these preference shares, with the record date fixed for the same day.
Key Points
- Trading Members are advised not to deal in the specified preference shares from January 9, 2026
- The affected security is MBL-0.1%-19-1-26-NCRPS with ISIN INE919I04010 and code 717504
- Record date for redemption purposes: January 9, 2026
- Notice reference: DR-795/2025-2026
- Category: Corporate Actions (Debt Segment)
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notice for preference share redemption.
Compliance Requirements
- Trading Members must cease dealing in the specified preference shares from January 9, 2026
- Trading Members are required to take note of the suspension and communicate accordingly to their clients
- No transactions should be executed in the affected security from the specified date
Important Dates
- Notice Date: January 6, 2026
- Record Date: January 9, 2026
- Trading Suspension Date: January 9, 2026
Impact Assessment
The impact is limited to holders of the specific preference shares (ISIN: INE919I04010). This is a routine corporate action for redemption of debt instruments and does not affect the company’s equity shares or broader market operations. Only investors holding these particular Non-Convertible Redeemable Preference Shares will be impacted by the trading suspension and subsequent redemption process.
Impact Justification
Routine redemption of preference shares affecting only specific debt instrument holders, not equity trading