Description
Trading suspended in L&T Finance Limited debentures (INE235P07183) from February 9, 2026 due to redemption and interest payment with record date set for the same day.
Summary
BSE has announced the suspension of trading in specific debentures of L&T Finance Limited (Code: LTF-8.73%-24-2-26-PVT, ISIN: INE235P07183, Scrip Code: 953498) effective from February 9, 2026. The suspension is due to the company setting 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 L&T Finance Limited Non-Convertible Debentures (ISIN: INE235P07183)
- Scrip code affected: 953498
- Debenture series: LTF-8.73%-24-2-26-PVT
- No dealings permitted from February 9, 2026
- Record date set for February 9, 2026
- Dual purpose: Redemption of debentures and payment of interest
- Circular reference: DR-816/2025-2026
- Issued by: Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No regulatory framework changes. This is a standard corporate action notification requiring trading suspension as per existing BSE guidelines for debenture redemption processes.
Compliance Requirements
- Trading members must immediately cease all dealings in the specified L&T Finance debentures
- Compliance mandatory from February 9, 2026
- Trading members must ensure their systems and operations reflect the trading suspension
- No buy or sell orders should be accepted for the affected debentures from the no-dealings date
Important Dates
- Circular Issue Date: February 2, 2026
- Record Date: February 9, 2026
- No Dealings From: February 9, 2026
- Purpose Date: February 9, 2026 (for redemption and interest payment)
Impact Assessment
Market Impact: High - Complete trading halt affects liquidity and market access for holders of these specific L&T Finance debentures. Investors holding these securities will be unable to trade them from February 9, 2026.
Operational Impact: Trading members must update their systems to block trades in scrip code 953498. Failure to comply could result in invalid trades and regulatory penalties.
Investor Impact: Debenture holders as of the record date (February 9, 2026) will receive interest payment and redemption proceeds. Those wishing to exit positions must do so before the suspension date. New investors cannot acquire these debentures after February 8, 2026.
Impact Justification
Complete trading suspension affects all debenture holders and market participants dealing with L&T Finance debentures. Mandatory compliance for trading members with immediate effect from record date.