Description
Trading suspended for JM Financial Credit Solutions Ltd Non-Convertible Debentures (JFCSL-7.26 GS 2032-2-3-26-PVT) effective February 10, 2025 due to full redemption on buyback.
Summary
BSE has suspended trading in Non-Convertible Debentures of JM Financial Credit Solutions Ltd (ISIN: INE651J07887, Scrip Code: 974577) effective February 10, 2025. The suspension follows the company’s notification regarding full redemption through buyback of the JFCSL-7.26 GS 2032-2-3-26-PVT debentures. Trading members are advised not to deal in these debentures from the effective date.
Key Points
- JM Financial Credit Solutions Ltd has informed BSE about full redemption on buyback of its Non-Convertible Debentures
- Debenture Series: JFCSL-7.26 GS 2032-2-3-26-PVT
- ISIN: INE651J07887
- Scrip Code: 974577
- Trading suspension effective from February 10, 2025
- Reference: DR-817/2025-2026
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance And Operations
Regulatory Changes
No regulatory framework changes. This is a standard corporate action following debenture buyback and redemption procedures.
Compliance Requirements
- Trading members must not deal in the specified Non-Convertible Debentures from February 10, 2025 onwards
- Trading members are required to take note of this suspension
- Members should update their trading systems to reflect the suspension status
Important Dates
- Notice Date: February 9, 2026
- Trading Suspension Effective Date: February 10, 2025
Impact Assessment
The impact is limited to holders and traders of this specific debenture series. The suspension is procedural following full redemption through buyback, ensuring no further trading occurs in instruments that have been redeemed. Debenture holders will receive redemption proceeds as per the buyback terms. No broader market impact anticipated as this affects a single debt instrument.
Impact Justification
Affects specific debenture holders and trading members dealing with JM Financial Credit Solutions debt instruments. Limited market-wide impact as it pertains to a single NCD issue being redeemed.