Description

Trading suspended in KMIL 8.16% debentures from February 6, 2026 due to record date for redemption and interest payment on February 8, 2026.

Summary

BSE has announced suspension of trading in specific non-convertible debentures of Kotak Mahindra Investments Limited (ISIN: INE975F07ID8) effective February 6, 2026. The suspension is implemented ahead of the record date of February 8, 2026, which has been fixed for redemption of debentures and payment of interest.

Key Points

  • Debenture affected: KMIL 8.16% debentures maturing on February 23, 2026 (Private Placement)
  • ISIN Code: INE975F07ID8 (Security Code: 974619)
  • Record Date: February 8, 2026
  • Purpose: Redemption of debentures and payment of interest
  • Trading suspension starts: February 6, 2026
  • Trading members advised not to deal in these debentures from the suspension date
  • Circular reference: DR-815/2025-2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must not execute trades in the specified debentures from February 6, 2026
  • Members are required to take note of the suspension and inform their clients holding these debentures
  • Ensure proper communication to debt market participants about the trading restrictions

Important Dates

  • January 30, 2026: Circular issued
  • February 6, 2026: Trading suspension begins (no dealings permitted)
  • February 8, 2026: Record date for redemption and interest payment
  • February 23, 2026: Debenture maturity date

Impact Assessment

Market Impact: Limited to holders of this specific debenture series. The suspension affects only one debt security from Kotak Mahindra Investments Limited.

Investor Impact: Medium - Debenture holders should prepare for redemption proceeds and final interest payment. No trading activity possible from February 6, 2026.

Operational Impact: Trading members must update their systems to block trades in this security and communicate the suspension to affected clients holding these debentures.

Impact Justification

Routine trading suspension for debenture redemption affecting specific debt security holders, limited broader market impact