Description

Trading suspended in TATA POWER CO. LTD debentures (TPCL-7.05%-23-2-26-PVT) from February 6, 2026 due to record date fixed for redemption and interest payment on February 7, 2026.

Summary

BSE has announced the suspension of trading in specific Non-Convertible Debentures of TATA POWER CO. LTD (ISIN: INE245A08216, Code: 973018) effective from February 6, 2026. The suspension is due to the company fixing February 7, 2026 as 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 series: TPCL-7.05%-23-2-26-PVT (7.05% coupon rate)
  • ISIN: INE245A08216
  • BSE Code: 973018
  • Trading suspension starts: February 6, 2026
  • Record date: February 7, 2026
  • Purpose: Redemption of debentures and payment of interest
  • Circular reference: DR-815/2025-2026
  • Issued by: Marian Dsouza, Assistant Vice President – Listing Compliance And Operations

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification as per existing BSE procedures for debt securities undergoing redemption.

Compliance Requirements

  • Trading members must not deal in the specified debentures from February 6, 2026 onwards
  • Members must take note of the suspension and inform their clients holding or planning to trade these debentures
  • All trading activity in TPCL-7.05%-23-2-26-PVT debentures must cease before the no-dealings date

Important Dates

  • January 30, 2026: Circular issued
  • February 6, 2026: No dealings period begins (trading suspension effective)
  • February 7, 2026: Record date for redemption and interest payment

Impact Assessment

Market Impact: Limited to holders of this specific debenture series. The suspension is temporary and procedural in nature, facilitating the orderly redemption process.

Investor Impact: Debenture holders will receive their redemption proceeds and final interest payment based on holdings as of the record date. No trading opportunity available from February 6, 2026.

Operational Impact: Trading members must update their systems to block trading in this specific ISIN and communicate the suspension to affected clients to prevent order rejections.

Impact Justification

Trading suspension affects specific debenture series ahead of redemption. High severity for debenture holders but limited broader market impact as it's a standard corporate action procedure.