Description
Trading suspended in two series of non-convertible debentures of ICL FINCORP LIMITED effective February 12, 2026 due to redemption and interest payment with record date set.
Summary
BSE has announced the suspension of trading in two series of non-convertible debentures issued by ICL FINCORP LIMITED effective February 12, 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 securities from the specified date.
Key Points
- Two debenture series affected: ICLFL-11%-27-2-26-NCD (ISIN: INE01CY078X9, Code: 940121) and ICLFL-27-2-26-NCD (ISIN: INE01CY079E7, Code: 940129)
- Record date set for February 12, 2026
- Purpose: Redemption of debentures and payment of interest
- No dealings permitted from February 12, 2026 onwards
- Reference: DR-819/2025-2026
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No regulatory changes announced. This is a standard corporate action requiring trading suspension per existing regulations.
Compliance Requirements
- Trading members must cease all dealings in the specified debentures from February 12, 2026
- Members must ensure their systems reflect the trading suspension
- Compliance with record date requirements for determining eligible debenture holders for redemption and interest payment
Important Dates
- February 5, 2026: Notice date
- February 12, 2026: Record date and effective date for suspension of trading
- February 12, 2026: No dealings permitted from this date
Impact Assessment
Market Impact: High - Complete trading suspension affects liquidity for holders of these debentures. Investors holding these securities will not be able to trade them from the suspension date.
Operational Impact: Trading members must update their systems immediately to prevent any inadvertent trades in these securities. The redemption will result in cash outflow from ICL FINCORP LIMITED and return of principal plus interest to debenture holders.
Investor Impact: Debenture holders as of the record date will receive redemption proceeds and final interest payment. Those wishing to exit positions must do so before February 12, 2026.
Impact Justification
Complete suspension of trading in two debenture series due to imminent redemption affects all holders of these securities and requires immediate action by trading members.