Description

Trading suspension announced for NAVI FINSERV LIMITED debentures (INE342T07528) effective January 29, 2026, due to upcoming redemption and interest payment with record date set for the same day.

Summary

BSE has announced the suspension of trading in specific debentures of NAVI FINSERV LIMITED (Code: NFL-10.40%-13-2-26-PVT, ISIN: INE342T07528, Scrip Code: 975914) effective January 29, 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 debentures from the specified date.

Key Points

  • Debenture ISIN: INE342T07528 (Scrip Code: 975914)
  • Debenture Type: NFL-10.40%-13-2-26-PVT (10.40% coupon rate)
  • Record Date: January 29, 2026
  • No dealings permitted from: January 29, 2026
  • Purpose: Redemption of Debentures and Payment of Interest
  • Circular Reference: DR-808/2025-2026
  • Notice Number: 20260121-47

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification for debt securities approaching maturity.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures of NAVI FINSERV LIMITED from January 29, 2026
  • Trading members are required to take note of the suspension and ensure compliance
  • Debenture holders as of the record date (January 29, 2026) will be eligible for interest payment and redemption proceeds

Important Dates

  • January 21, 2026: Circular issued by BSE
  • January 29, 2026: Record date for interest payment and redemption
  • January 29, 2026: Trading suspension effective date (no dealings permitted from this date)

Impact Assessment

Market Impact: Limited to holders of this specific debenture series. The suspension affects only one ISIN, minimizing broader market disruption.

Investor Impact: Debenture holders recorded as of January 29, 2026, will receive their interest payment and redemption proceeds as per the debenture terms. Investors looking to exit positions must do so before the suspension date.

Operational Impact: Trading members must update their systems to prevent transactions in this security from January 29, 2026. The suspension is part of normal debt market operations for maturing securities and represents the final stage of the debenture lifecycle.

Impact Justification

High severity due to immediate trading suspension but medium impact as it affects only specific debenture holders of NAVI FINSERV LIMITED. Standard corporate action for debt securities nearing maturity.