Description
Trading suspended for LFL-11.33%-23-2-26-PVT debentures from February 6, 2026 due to upcoming redemption and interest payment with record date of February 8, 2026.
Summary
BSE has mandated suspension of trading in Non-Convertible Debentures (NCDs) of LENDINGKART FINANCE LIMITED (ISIN: INE090W07675, Code: 975428) effective February 6, 2026. The suspension is implemented ahead of the record date of February 8, 2026, set for redemption of debentures and payment of interest. Trading members are prohibited from dealing in the specified debentures.
Key Points
- Trading suspension applies to LFL-11.33%-23-2-26-PVT debentures (ISIN: INE090W07675)
- Debenture code: 975428
- No dealings permitted from February 6, 2026
- Record date for entitlement: February 8, 2026
- Purpose: Redemption of debentures and interest payment
- Notice reference: DR-815/2025-2026
- Issued by: Marian Dsouza, Assistant Vice President – Listing Compliance And Operations
Regulatory Changes
No regulatory framework changes. This is a standard corporate action notification implementing existing trading suspension protocols ahead of record date for debenture redemption and interest distribution.
Compliance Requirements
- Trading members must not execute any trades in the specified debentures from February 6, 2026
- All trading members are required to take note of this suspension and update their systems accordingly
- Broker-dealers must inform clients holding or interested in these debentures about the trading restriction
- No new positions can be created in these securities during the suspension period
Important Dates
- January 30, 2026: Circular issued
- February 6, 2026: Trading suspension begins (no dealings permitted from this date)
- February 8, 2026: Record date for redemption and interest payment eligibility
Impact Assessment
Debt Market Impact: High - Complete halt in secondary market trading for the affected debentures. Investors holding these securities cannot exit positions, and new investors cannot enter.
Investor Impact: High - Debenture holders must hold their positions through redemption. Those planning to trade before record date must act before February 6, 2026.
Operational Impact: Medium - Trading members must update systems and communicate restrictions to clients. Standard corporate action process for debt securities approaching maturity/redemption.
Market Liquidity: Affected debentures will have zero liquidity from suspension date until post-redemption settlement.
Impact Justification
Complete trading suspension for debenture holders ahead of redemption. Direct impact on debt market participants and liquidity.