Description

Trading suspended from January 16, 2026 for two tax-free non-convertible bonds of HUDCO due to redemption and interest payment with record date set for January 16, 2026.

Summary

BSE has announced the suspension of trading in two non-convertible bonds (NCDs) of Housing & Urban Development Corporation Limited (HUDCO) effective January 16, 2026. The suspension is due to the company fixing the record date for redemption of bonds and payment of interest. Trading members are advised not to deal in these specific bonds from the suspension date.

Key Points

  • Two tax-free non-convertible bonds of HUDCO will be suspended from trading
  • HUDCO-7.02%-8-2-26-TAXFREENCD (ISIN: INE031A07AL1, Code: 935636)
  • HUDCO-7.27%-8-2-26-TAXFREENCD (ISIN: INE031A07AN7, Code: 935640)
  • Record date set for January 16, 2026
  • Purpose: Redemption of bonds and payment of interest
  • No dealings allowed from January 16, 2026
  • Reference: DR-800/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notice for bond redemption and interest payment process.

Compliance Requirements

  • Trading members must cease dealing in the specified HUDCO bonds from January 16, 2026
  • Trading members must inform their clients about the trading suspension
  • Only bondholders on record as of January 16, 2026 will be eligible for redemption proceeds and interest payment

Important Dates

  • Notice Date: January 9, 2026
  • Record Date: January 16, 2026
  • No Dealings From: January 16, 2026

Impact Assessment

Market Impact: Limited to holders and traders of these two specific HUDCO tax-free bond series. Bondholders on record will receive their redemption proceeds and final interest payment.

Operational Impact: Trading members need to update their systems to prevent trading in these bonds and communicate with affected clients. The suspension is routine for bond redemption processes and ensures proper settlement to eligible bondholders.

Investor Impact: Investors holding these bonds will receive redemption proceeds and interest payment. Those looking to buy or sell these bonds must complete transactions before January 16, 2026.

Impact Justification

Medium importance as it affects specific bond holders and traders of HUDCO tax-free bonds but is a routine corporate action for redemption and interest payment. Impact is limited to two specific bond series.