Description

Trading suspended in Welspun Corp Limited's 7.25% Non-Convertible Debentures from February 2, 2026 for redemption and interest payment.

Summary

BSE has suspended trading in 7.25% Non-Convertible Debentures (ISIN: INE191B07162, Code: 960491) of Welspun Corp Limited effective February 2, 2026. The suspension is due to the company setting a record date for redemption of debentures and interest payment. Trading members are advised not to deal in these debentures from the specified date.

Key Points

  • Trading suspension effective from February 2, 2026
  • Applies to WCL-7.25%-16-2-26-PVT debentures (Code: 960491)
  • ISIN: INE191B07162
  • Purpose: Redemption of debentures and payment of interest
  • Notice issued under DR-811/2025-2026
  • Trading members must cease all dealings in these securities

Regulatory Changes

No regulatory framework changes. This is a standard suspension procedure for debenture redemption as per existing corporate action guidelines.

Compliance Requirements

  • Trading members must immediately stop dealing in the specified debentures from February 2, 2026
  • No buy or sell transactions permitted in WCL-7.25%-16-2-26-PVT debentures
  • Trading members must inform their clients holding these debentures about the suspension
  • Members should ensure compliance with the no-dealings directive

Important Dates

  • Notice Date: January 22, 2026
  • Record Date: February 2, 2026
  • No Dealings From: February 2, 2026
  • Purpose Date: Redemption and interest payment on February 2, 2026

Impact Assessment

Market Impact: High - Complete trading halt in these specific debentures affects liquidity and trading activities. Debenture holders cannot exit positions through secondary market from the suspension date.

Operational Impact: Trading members must update their systems to block trading in this security (Code: 960491). Clients holding these debentures will receive redemption proceeds and final interest payment directly from the company as per record date eligibility.

Investor Impact: Investors holding these debentures as of record date will receive redemption amount plus accrued interest. No trading opportunity available from February 2, 2026 onwards.

Impact Justification

Complete trading suspension in specific debentures due to redemption affects all debenture holders and trading members dealing with this security.