Description

Trading suspended in KMIL debentures from February 6, 2026 due to redemption and interest payment with record date of February 8, 2026.

Summary

BSE has announced suspension of trading in Non-Convertible Debentures (NCDs) of Kotak Mahindra Investments Limited (KMIL) with ISIN INE975F07ID8. The suspension is effective from February 6, 2026, in preparation for the record date of February 8, 2026, set for redemption of debentures and payment of interest. Trading members are instructed not to deal in these securities during the suspension period.

Key Points

  • Debenture Series: KMIL-8.16%-23-2-26-PVT (Security Code: 974619)
  • ISIN: INE975F07ID8
  • Record Date: February 8, 2026
  • No Dealings From: February 6, 2026
  • Purpose: Redemption of debentures and payment of interest
  • Notice Reference: DR-815/2025-2026
  • Notice Number: 20260130-45

Regulatory Changes

No new regulatory changes introduced. This is a standard operational notice for corporate action processing in the debt segment.

Compliance Requirements

  • Trading members must not execute any deals in the specified KMIL debentures from February 6, 2026
  • Members must ensure compliance with the no-dealings restriction to facilitate proper record date processing
  • All trading members are required to take note of this suspension and update their systems accordingly

Important Dates

  • January 30, 2026: Notice issued by BSE
  • February 6, 2026: Trading suspension begins (no dealings from this date)
  • February 8, 2026: Record date for redemption and interest payment

Impact Assessment

The impact is limited to holders of this specific debenture series (ISIN: INE975F07ID8). This is a routine trading suspension mechanism to facilitate the corporate action of redemption and interest payment. The suspension ensures proper determination of eligible debenture holders as of the record date. Market-wide impact is minimal as this affects only one security issued by Kotak Mahindra Investments Limited. Investors holding these debentures will receive their redemption proceeds and accrued interest as per the terms of issuance.

Impact Justification

Routine trading suspension for single debenture series ahead of redemption. Limited market impact as affects only specific ISIN holders.