Description
Trading suspended in debentures of Kotak Mahindra Prime Limited (INE916DA7RW2) from February 5, 2026 due to redemption with record date set for the same date.
Summary
BSE has announced the suspension of trading in Non-Convertible Debentures (NCDs) of Kotak Mahindra Prime Limited (ISIN: INE916DA7RW2, Code: 974322) effective February 5, 2026. The suspension is due to the company fixing the record date for redemption of the 7.9240% debentures maturing on February 20, 2026. Trading members are advised to cease dealings in these debentures from the no-dealings date.
Key Points
- Debenture: KMPL-7.9240%-20-2-26-PVT (INE916DA7RW2)
- BSE Code: 974322
- Coupon Rate: 7.9240%
- Record Date: February 5, 2026
- No Dealings From: February 5, 2026
- Purpose: Redemption of Debentures
- Circular Reference: DR-814/2025-2026
- Notice Number: 20260123-48
Regulatory Changes
No regulatory changes. This is a standard corporate action notice for debenture redemption.
Compliance Requirements
- Trading members must not execute any trades in the specified debentures from February 5, 2026
- Trading members should inform their clients holding these debentures about the suspension and upcoming redemption
- All pending orders for these debentures should be cancelled before the no-dealings date
Important Dates
| Date | Event |
|---|---|
| January 23, 2026 | Circular issued |
| February 5, 2026 | Record date for redemption |
| February 5, 2026 | No dealings/trading suspension begins |
| February 20, 2026 | Debenture maturity date (implied from ISIN) |
Impact Assessment
Market Impact: Low to medium - affects only holders of this specific debenture series of Kotak Mahindra Prime Limited.
Investor Impact: Medium - investors holding these debentures will not be able to trade them from February 5, 2026 onwards. Only investors holding the debentures as of the record date will be eligible for redemption proceeds.
Operational Impact: Routine corporate action with standard suspension protocol. Trading members need to update their systems to block trades in this security and communicate with affected clients regarding the redemption process.
Impact Justification
Routine debenture redemption affecting specific debt security holders; limited to single instrument with defined record date