Description

BSE suspends trading in JFCSL-7.26 GS 2032 debentures (INE651J07887) effective February 10, 2025, due to full redemption on buyback.

Summary

BSE has suspended trading in Non-Convertible Debentures (NCDs) of JM Financial Credit Solutions Ltd with ISIN INE651J07887 (Scrip Code: 974577, Series: JFCSL-7.26 GS 2032-2-3-26-PVT) effective February 10, 2025. The suspension follows the company’s notification regarding full redemption of these debentures through buyback. Trading members are advised not to deal in these securities from the effective date.

Key Points

  • Company: JM Financial Credit Solutions Ltd
  • Debenture Series: JFCSL-7.26 GS 2032-2-3-26-PVT
  • ISIN: INE651J07887
  • Scrip Code: 974577
  • Action: Full redemption on buyback
  • Trading suspension effective: February 10, 2025
  • Notice Reference: DR-817/2025-2026
  • Notice Date: February 09, 2026

Regulatory Changes

No regulatory framework changes. This is a routine suspension following corporate action of debenture redemption through buyback.

Compliance Requirements

  • Trading members must not deal in the specified NCDs from February 10, 2025
  • All exchange members are required to take note of this suspension
  • Members should update their trading systems to reflect the suspension

Important Dates

  • February 09, 2026: Notice issued by BSE
  • February 10, 2025: Trading suspension effective date (Note: Date discrepancy in original circular - likely should be February 10, 2026)

Impact Assessment

Market Impact: Low to medium. This affects only specific debenture holders of JM Financial Credit Solutions Ltd and does not impact equity trading or other debt instruments.

Investor Impact: Medium for affected debenture holders. Full redemption through buyback means investors will receive their principal back as per redemption terms. No further trading will be possible.

Operational Impact: Trading members need to update systems to prevent inadvertent trading in suspended securities. Standard operational procedure for debenture redemptions.

Impact Justification

Routine suspension due to full redemption of specific debenture series. Affects only holders of this particular NCD series. Standard corporate action with limited broader market impact.