Description

Trading suspended in PFC bonds (INE134E08MA1) from February 5, 2026 due to redemption on exercise of PUT option and interest payment with record date set for the same date.

Summary

BSE has announced the suspension of trading in bonds of Power Finance Corporation Ltd (PFC) effective February 5, 2026. The suspension is due to the company setting a record date for redemption on exercise of PUT option and payment of interest on its 7.64% bonds maturing in 2033. Trading members are instructed not to deal in the specified bonds from the no-dealings date.

Key Points

  • Trading suspended for PFC 7.64% bonds (ISIN: INE134E08MA1, Code: 974611) maturing February 2, 2033
  • Record date set for February 5, 2026
  • Suspension applies from February 5, 2026
  • Purpose: Redemption on exercise of PUT option and payment of interest
  • Reference: Notice No. DR-814/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification.

Compliance Requirements

  • Trading members must not deal in the specified PFC bonds from February 5, 2026
  • Trading members are required to take note of the suspension and record date
  • No transactions should be executed in the affected bond series during the suspension period

Important Dates

  • Notice Date: January 30, 2026
  • Record Date: February 5, 2026
  • No Dealings From: February 5, 2026

Impact Assessment

The suspension affects holders of PFC’s 7.64%-22-2-33-PVT bonds who wish to exercise their PUT option. Bondholders who are on record as of February 5, 2026 will be eligible for interest payment and can exercise redemption rights. Trading members cannot facilitate any trades in this specific bond series from the suspension date. The impact is limited to this particular bond issue and does not affect other PFC securities or the broader debt market. Investors holding these bonds should plan accordingly for the trading halt.

Impact Justification

Trading suspension affects bondholders of specific PFC bonds but is limited to a single security with a clear redemption event. Medium importance as it involves a major NBFC but impacts only one bond series.