Description

BSE has suspended trading in two IRFC NCD bonds (IRFC-7.04%-22-3-26 and IRFC-7.29%-22-3-26) effective March 5, 2026 ahead of their redemption on the same date.

Summary

BSE has notified trading members that Indian Railway Finance Corporation (IRFC) has fixed March 5, 2026 as the Record Date for the redemption of two Non-Convertible Debenture (NCD) series. Trading in both bond series is suspended effective March 5, 2026 to facilitate the redemption process. The notice was issued under DR-833/2025-2026.

Key Points

  • Two IRFC NCD series are being redeemed, with trading suspended from March 5, 2026
  • Bond 1: IRFC-7.04%-22-3-26-NCDS, ISIN INE053F07876, BSE Code 935676
  • Bond 2: IRFC-7.29%-22-3-26-NCDS, ISIN INE053F07892, BSE Code 935680
  • Record Date for both bonds is March 5, 2026
  • No dealings permitted in either bond series from March 5, 2026 onwards

Regulatory Changes

No new regulatory changes. This is a routine operational notice under existing BSE listing compliance procedures for bond redemptions.

Compliance Requirements

  • Trading members must cease all dealings in IRFC-7.04%-22-3-26-NCDS (INE053F07876 / 935676) from March 5, 2026
  • Trading members must cease all dealings in IRFC-7.29%-22-3-26-NCDS (INE053F07892 / 935680) from March 5, 2026
  • Members are advised to take note of this notice and ensure no trades are executed in the suspended securities after the effective date

Important Dates

  • Circular Date: February 23, 2026
  • Record Date: March 5, 2026
  • No Dealings From: March 5, 2026 (for both bond series)
  • Purpose: Redemption of Bonds

Impact Assessment

This suspension affects holders and traders of two specific IRFC NCD series maturing on March 22, 2026 (as indicated by the bond nomenclature). The impact is limited to debt market participants holding or trading these specific ISINs. Both bonds carry coupon rates of 7.04% and 7.29% respectively. The suspension is a standard pre-redemption measure to ensure clean settlement; bondholders will receive redemption proceeds on or around the record date. No impact on IRFC equity or other listed securities.

Impact Justification

Routine pre-redemption trading suspension for two maturing IRFC NCD bonds; affects only specific bond holders and debt market traders, not equity markets.