Description
Trading suspended for two bonds of REC Limited from February 12, 2026 due to redemption with record date set for the same date.
Summary
BSE has suspended trading in two bonds of REC Limited effective February 12, 2026, due to the company’s scheduled redemption of these bonds. The record date for redemption has been fixed as February 12, 2026, and trading members are advised not to deal in these specific bonds from that date.
Key Points
- Two bonds of REC Limited to be redeemed: RECL-7.32%-28-2-26-PVT (ISIN: INE020B08DW1, Code: 974221) and REC-7.60%-28-2-26-PVT (ISIN: INE020B08EF4, Code: 974578)
- Record date for redemption: February 12, 2026
- No dealings permitted from February 12, 2026
- Notice reference: DR-819/2025-2026
- Corporate action category: Bond redemption
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notice for bond redemption.
Compliance Requirements
- Trading members must cease all dealing in the specified bonds from February 12, 2026
- Trading members should update their systems to reflect the trading suspension
- Bondholders holding these securities as of the record date will be eligible for redemption
Important Dates
- Notice Date: February 9, 2026
- Record Date: February 12, 2026
- Trading Suspension Date: February 12, 2026
Impact Assessment
Market Impact: Limited to holders of these specific REC Limited bonds. The suspension is procedural and relates to scheduled redemption.
Investor Impact: Bondholders as of the record date will receive redemption proceeds. No trading opportunity available from February 12, 2026 onwards.
Operational Impact: Trading members need to ensure their systems prevent trading in these two bonds from the specified date. This is a routine corporate action with minimal operational complexity.
Impact Justification
Routine bond redemption affecting specific debt instruments with limited market-wide impact, but important for bondholders