Description

Trading suspended in STL's 9.10% Non-Convertible Debentures (INE089C07125) from February 6, 2026, due to record date for redemption and interest payment.

Summary

BSE has announced the suspension of trading in Non-Convertible Debentures of Sterlite Technologies Limited (STL-9.10%-20-2-26-PVT, ISIN: INE089C07125) effective February 6, 2026. The suspension is due to the company fixing a 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

  • Trading suspension applies to STL’s 9.10% Non-Convertible Debentures (Security Code: 974612)
  • ISIN: INE089C07125
  • Record date set for February 6, 2026
  • Purpose: Redemption of debentures and payment of interest
  • No dealings permitted from February 6, 2026 onwards
  • Notice reference: DR-815/2025-2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must cease all trading activities in the specified debentures from February 6, 2026
  • Trading members should advise their clients accordingly about the suspension
  • No buy or sell orders should be accepted for ISIN INE089C07125 from the specified date

Important Dates

  • Notice Date: January 30, 2026
  • Record Date: February 6, 2026
  • Trading Suspension Date: February 6, 2026

Impact Assessment

Market Impact: Medium - affects holders and potential traders of this specific NCD series. The suspension is procedural for the redemption process.

Operational Impact: Trading members must update their systems to block trading in this security and inform clients holding these debentures. Debenture holders will receive their principal redemption amount and final interest payment based on the record date.

Investor Impact: Existing debenture holders should note that their securities will be redeemed on schedule, but no further trading is possible from February 6, 2026. This is a routine corporate action for maturing debt securities.

Impact Justification

High severity for debenture holders as trading is suspended, but medium overall impact as it affects only specific NCD series with scheduled redemption.