Description

Trading suspended for JM Financial Credit Solutions Ltd debentures (INE651J07887) effective February 10, 2025 due to full redemption on buyback.

Summary

BSE has announced the suspension of trading in Non Convertible Debentures (NCDs) of JM Financial Credit Solutions Ltd with scrip code JFCSL-7.26 GS 2032-2-3-26-PVT (ISIN: INE651J07887, Scrip Code: 974577) effective February 10, 2025. The suspension follows the company’s notification to the exchange regarding full redemption through buyback of these debentures. Trading members are advised to cease all dealings in this security.

Key Points

  • Company: JM Financial Credit Solutions Ltd
  • Security affected: JFCSL-7.26 GS 2032-2-3-26-PVT
  • ISIN: INE651J07887
  • Scrip Code: 974577
  • Reason: Full redemption on buyback of debentures
  • Reference: DR-817/2025-2026
  • Trading members instructed not to deal in these NCDs

Regulatory Changes

No regulatory framework changes. This is a standard operational suspension following debenture buyback and redemption procedures as per existing debt market regulations.

Compliance Requirements

  • Trading members must immediately cease all trading activities in the specified debentures
  • Members should update their trading systems to block transactions in scrip code 974577
  • No new orders or deals should be executed in JFCSL-7.26 GS 2032-2-3-26-PVT NCDs
  • Trading members must take note of this suspension and communicate to relevant stakeholders

Important Dates

  • Notice Date: February 09, 2026
  • Suspension Effective Date: February 10, 2025
  • Notice Number: 20260209-10

Impact Assessment

The impact is limited to holders and traders of this specific debenture series. The suspension is procedural following the company’s buyback and full redemption decision. No broader market impact expected as this affects only one debt instrument. Investors holding these debentures will receive redemption proceeds as per the buyback terms. The suspension prevents any inadvertent trading after the instrument has been redeemed.

Impact Justification

Routine debenture suspension post-buyback affecting specific debt instrument only; limited market-wide impact