Description

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

Summary

BSE has announced the suspension of trading in two series of non-convertible debentures issued by Kosamattam Finance Limited, effective January 15, 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 specified debentures from the suspension date.

Key Points

  • Trading suspension applies to two debenture series: INE403Q08134 (Code: 936448) and INE403Q08142 (Code: 936450)
  • Record date set for January 15, 2026
  • Purpose includes both redemption of debentures and payment of interest for INE403Q08134
  • Purpose includes only redemption of debentures for INE403Q08142
  • Trading members instructed to cease dealing from January 15, 2026
  • Circular reference: DR-799/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard operational suspension due to corporate action (record date fixation for debenture redemption and interest payment).

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures (INE403Q08134 and INE403Q08142) from January 15, 2026
  • Members must take note of the suspension and inform clients holding these debentures
  • No dealings permitted in these securities from the specified date

Important Dates

  • Circular Date: January 8, 2026 (Notice No. 20260108-16)
  • Record Date: January 15, 2026
  • No Dealings From: January 15, 2026
  • Notice Signed: January 6, 2025 (by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations)

Impact Assessment

Market Impact: Limited to holders of specific Kosamattam Finance Limited debentures. The suspension prevents secondary market trading but is part of normal corporate action process for debt redemption.

Investor Impact: Debenture holders cannot sell their holdings in the secondary market from January 15, 2026, but will receive scheduled interest payments and redemption proceeds as per the record date.

Operational Impact: Trading members must update their systems to block trades in these two ISINs and communicate the suspension to affected clients.

Impact Justification

Trading suspension affects specific debenture holders of Kosamattam Finance Limited. Limited to debt segment with specific ISINs, not broad market impact.