Description
Trading suspended in two bonds of REC LIMITED from February 12, 2026 due to redemption with record date set for the same day.
Summary
BSE has announced the suspension of trading in two bonds issued by REC LIMITED effective February 12, 2026. The suspension is due to the redemption of these bonds, with the record date fixed as February 12, 2026. Trading members are advised not to deal in the specified bonds from the no-dealings date.
Key Points
- Two bonds of REC LIMITED will be suspended from trading on February 12, 2026
- Bond 1: RECL-7.32%-28-2-26-PVT (ISIN: INE020B08DW1, Code: 974221)
- Bond 2: REC-7.60%-28-2-26-PVT (ISIN: INE020B08EF4, Code: 974578)
- Record date for redemption: February 12, 2026
- Trading members advised not to deal in these bonds from February 12, 2026
- Notice reference: DR-819/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action notice for bond redemption.
Compliance Requirements
- Trading members must not deal in the specified bonds from February 12, 2026
- Trading members are required to take note of the suspension and communicate to their clients accordingly
- Ensure no transactions are executed in the suspended bonds from the specified date
Important Dates
- Notice Date: February 9, 2026
- Record Date: February 12, 2026
- No Dealings From: February 12, 2026
- Expected Redemption: February 28, 2026 (based on bond maturity dates)
Impact Assessment
The impact is limited to holders and traders of the two specific REC LIMITED bonds. Bondholders will receive redemption proceeds as per the terms of the bonds. The suspension is routine for bonds approaching maturity and redemption. Market liquidity for these specific securities will cease from February 12, 2026. No broader market impact is expected as this affects only two specific debt securities.
Impact Justification
Affects bond trading for specific securities of REC LIMITED but is a routine redemption process with limited market-wide impact