Description

Trading suspension in REC LIMITED bonds (ISIN: INE020B08DK6) effective January 16, 2026 due to redemption with record date set for the same day.

Summary

BSE has announced the suspension of trading in bonds of REC LIMITED (ISIN: INE020B08DK6, Code: 960409) effective January 16, 2026. The suspension is due to the redemption of the 5.94% bonds maturing on January 31, 2026, with the record date set as January 16, 2026. Trading members are advised not to deal in these bonds from the no-dealings date.

Key Points

  • Bond series: RECL-5.94%-31-1-26-PVT
  • ISIN: INE020B08DK6
  • BSE Code: 960409
  • Record date for redemption: January 16, 2026
  • No dealings from: January 16, 2026
  • Reference: DR-800/2025-2026
  • Notice issued by: Marian Dsouza, Assistant Vice President – Listing Compliance And Operations

Regulatory Changes

No regulatory changes. This is a standard corporate action procedure for bond redemption.

Compliance Requirements

  • Trading members must not execute any trades in the specified REC LIMITED bonds (ISIN: INE020B08DK6) from January 16, 2026 onwards
  • Trading members are required to take note of the suspension and update their systems accordingly
  • Members should inform their clients holding these bonds about the redemption and trading suspension

Important Dates

  • January 9, 2026: Notice date
  • January 16, 2026: Record date for redemption
  • January 16, 2026: No dealings commencement date (trading suspension effective)
  • January 31, 2026: Bond maturity date

Impact Assessment

Market Impact: Low to medium. This is a routine corporate action affecting a single bond series of REC LIMITED. The trading suspension is procedural and relates to the natural maturity and redemption of the bonds.

Investor Impact: Medium for bondholders of this specific ISIN. Investors holding these bonds will receive redemption proceeds as per the bond terms. No trading will be possible from January 16, 2026.

Operational Impact: Trading members need to ensure their systems reflect the suspension and prevent inadvertent trading in these bonds. Bondholders should ensure their demat account details are updated for seamless credit of redemption proceeds.

Impact Justification

Routine redemption-related trading suspension affecting specific bond series of REC LIMITED. Impact limited to bondholders of this particular ISIN.