Description
Trading suspended for DVARA KSHETRIYA GRAMIN FINANCIAL SERVICES debentures (INE179P07282) from February 2, 2026 due to interest payment and redemption with record date set for the same day.
Summary
BSE has announced the suspension of trading in Non-Convertible Debentures (NCDs) of DVARA KSHETRIYA GRAMIN FINANCIAL SERVICES PRIVATE LIMITED effective February 2, 2026. The suspension is implemented due to the company setting a record date for interest payment and redemption of its 11% debentures maturing on December 2, 2026. Trading members are advised not to deal in these debentures from the specified date.
Key Points
- Debenture ISIN: INE179P07282 (Scrip Code: 974106)
- Coupon Rate: 11%
- Maturity Date: December 2, 2026
- Record Date: February 2, 2026
- Trading Suspension Date: February 2, 2026
- Purpose: Redemption of debentures and payment of interest
- Notice Reference: DR-811/2025-2026
Regulatory Changes
No new regulatory changes. This is a standard corporate action notice requiring temporary trading suspension in accordance with existing debt market regulations for record date determination.
Compliance Requirements
- Trading members must cease all dealings in the specified debentures (ISIN: INE179P07282) from February 2, 2026
- Members must ensure compliance with the trading suspension directive
- No buy or sell orders should be accepted for these debentures from the suspension date
- Members should inform their clients holding these debentures about the suspension and upcoming redemption
Important Dates
| Date | Event |
|---|---|
| January 22, 2026 | Circular issued |
| February 2, 2026 | Record date for interest payment and redemption |
| February 2, 2026 | Trading suspension begins (no dealings from this date) |
| December 2, 2026 | Original maturity date of debentures |
Impact Assessment
Market Impact: Low to medium - The trading suspension affects a specific private limited company’s debt instrument with limited market participation. The suspension is temporary and relates to a scheduled redemption process.
Investor Impact: Medium - Debenture holders will receive their interest payment and redemption proceeds as per the record date. However, liquidity is eliminated from the suspension date, preventing any secondary market transactions.
Operational Impact: Low - Standard corporate action procedure that trading members routinely handle. The early maturity redemption (before December 2026 maturity) indicates the company is meeting its debt obligations.
Credit Implications: Neutral to positive - The redemption demonstrates the issuer’s ability to honor debt commitments, which is favorable for credit assessment.
Impact Justification
Trading suspension affects liquidity for specific debenture holders but limited to single private company debt instrument with defined redemption timeline