Description

Trading suspended in KOTAK MAHINDRA PRIME LIMITED debentures (INE916DA7RW2) from February 5, 2026 due to redemption with record date set for the same day.

Summary

BSE has announced the suspension of trading in Non-Convertible Debentures (NCDs) of KOTAK MAHINDRA PRIME LIMITED effective February 5, 2026. The suspension is due to the company setting a record date for redemption of specific debentures. Trading members are advised not to deal in the mentioned debentures from the effective date.

Key Points

  • Trading suspended for KOTAK MAHINDRA PRIME LIMITED debentures (ISIN: INE916DA7RW2, Code: 974322)
  • Debenture series: KMPL-7.9240%-20-2-26-PVT with 7.924% coupon rate
  • Purpose: Redemption of Non-Convertible Debentures
  • Circular reference: DR-814/2025-2026
  • Issued by: Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notice for debenture redemption.

Compliance Requirements

  • Trading members must not deal in the specified debentures from February 5, 2026
  • All exchange members are required to take note of the suspension
  • Members must ensure compliance with the no-dealings restriction from the specified date

Important Dates

  • Notice Date: January 23, 2026
  • Record Date: February 5, 2026
  • No Dealings From: February 5, 2026
  • Redemption Date: February 5, 2026 (implied)

Impact Assessment

Market Impact: Low - affects only a specific debenture series of KOTAK MAHINDRA PRIME LIMITED

Investor Impact: Debenture holders will receive redemption proceeds as per the terms. No trading opportunity available from the record date.

Operational Impact: Trading members must update their systems to prevent trading in the specified security from February 5, 2026. Standard operational procedure for maturing debt instruments.

Liquidity Impact: Minimal - debentures approaching maturity typically have low trading volumes. The suspension is temporary and tied to the redemption process.

Impact Justification

Routine debenture redemption affecting single debt security with limited market impact; standard corporate action with clear timeline