Description

BSE suspends trading in two series of non-convertible debentures of Kosamattam Finance Limited from January 15, 2026 due to redemption and interest payment.

Summary

BSE has announced the suspension of trading in two series of non-convertible debentures (NCDs) issued by Kosamattam Finance Limited effective January 15, 2026. The suspension is due to the company fixing the record date for redemption of debentures and payment of interest. Trading members are advised not to deal in these specified debentures from the suspension date.

Key Points

  • Trading suspension for two NCD series of Kosamattam Finance Limited
  • ISIN INE403Q08134 (Code: 936448) - Redemption and interest payment
  • ISIN INE403Q08142 (Code: 936450) - Redemption only
  • Record date set as January 15, 2026
  • No dealings permitted from January 15, 2026
  • Reference number: DR-799/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification for debt securities reaching maturity or interest payment dates.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from January 15, 2026
  • Members must ensure compliance with the no-dealing directive
  • Debenture holders should note the record date for entitlement to redemption proceeds and interest payment

Important Dates

  • Notice Date: January 8, 2026
  • Record Date: January 15, 2026
  • Trading Suspension Date: January 15, 2026
  • Notice Issue Date: January 6, 2025 (as per signature date)

Impact Assessment

Market Impact: Limited impact on broader debt market as this affects only two specific NCD series of a single finance company. Investors holding these debentures will receive their redemption proceeds and applicable interest as per the terms.

Operational Impact: Trading members must update their systems to block trading in these securities. Debenture holders should coordinate with their brokers/depositories to ensure smooth processing of redemption proceeds.

Investor Impact: Medium impact for specific NCD holders who must ensure their demat accounts are updated for receiving redemption proceeds. No trading opportunity available from January 15, 2026 onwards.

Impact Justification

Trading suspension affects specific debenture holders and debt market participants; limited to two NCD series of a single company with clear redemption timeline