Description

Trading suspended in Lendingkart Finance Limited debentures (INE090W08038) from January 13, 2026 due to redemption on exercise of call option and interest payment.

Summary

BSE has suspended trading in Non-Convertible Debentures (NCDs) of Lendingkart Finance Limited (ISIN: INE090W08038, Code: 975718) effective January 13, 2026. The suspension is due to the company exercising its call option for redemption along with interest payment, with the record date set for January 13, 2026.

Key Points

  • Trading Members advised not to deal in specified debentures from January 13, 2026
  • Debenture: LFL-16%-20-5-26-PVT (16% coupon rate)
  • ISIN: INE090W08038
  • Scrip Code: 975718
  • Circular Reference: DR-787/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No regulatory framework changes. This is a standard trading suspension pursuant to corporate action procedures for debenture redemption.

Compliance Requirements

  • Trading Members must cease all dealings in the specified debentures from January 13, 2026
  • Members should update their systems to reflect the trading suspension
  • No new positions should be created in these debentures

Important Dates

  • Notice Date: January 8, 2026
  • Record Date: January 13, 2026
  • No Dealings From: January 13, 2026
  • Purpose Date: Redemption on Exercise of Call Option and Payment of Interest on January 13, 2026

Impact Assessment

Market Impact: Limited to holders and traders of this specific debenture series. The suspension prevents further trading activity, ensuring orderly redemption process.

Investor Impact: Debenture holders on record date (January 13, 2026) will receive redemption proceeds and final interest payment. No trading possible from suspension date.

Operational Impact: Brokers and trading members must update systems to block trading in this ISIN. Back-office teams need to process redemption settlements for clients holding these debentures.

Impact Justification

Trading suspension affects specific debenture holders and traders dealing in Lendingkart Finance NCDs. Impact limited to debt segment participants with exposure to this specific ISIN.