Description
Trading suspended for L&T Finance Ltd debentures (INE691I07CM9) maturing on February 6, 2026, effective from February 1, 2025.
Summary
BSE has announced the suspension of trading for L&T Finance Ltd debentures (ISIN: INE691I07CM9, Scrip Code: 953403) effective from February 1, 2025. The suspension is due to the scheduled redemption and maturity of the 8.75% Non-Convertible Debentures on February 6, 2026, with a record date of January 22, 2026.
Key Points
- Debenture: L&T Finance Ltd 8.75% NCD (INE691I07CM9)
- Scrip Code: 953403
- Purpose: Redemption of NCD
- Maturity Date: February 6, 2026
- Record Date: January 22, 2026
- Trading Suspension Date: February 1, 2025
- Notice Reference: DR-810/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard operational suspension preceding debt instrument maturity.
Compliance Requirements
- Trading members must not deal in the specified debentures from February 1, 2025
- All exchange members are required to take note of this suspension
- Members should ensure client communications regarding the trading halt
Important Dates
- January 22, 2026: Record date for redemption eligibility
- January 30, 2026: Circular issuance date
- February 1, 2025: Trading suspension effective date (note: appears to be a typo in original circular, likely meant February 1, 2026)
- February 6, 2026: Maturity and redemption date
Impact Assessment
Market Impact: Limited to holders of this specific debenture series. No broader market implications.
Operational Impact: Trading members must update systems to block trades in this security. Debenture holders approaching maturity should prepare for redemption proceeds.
Investor Impact: High for specific debenture holders who need to be aware of the trading suspension and upcoming maturity. Liquidity eliminated ahead of redemption date, which is standard practice for maturing debt securities.
Impact Justification
Trading suspension affects specific debenture holders but limited to single maturing instrument. High severity for affected investors but narrow market impact.