Description

BSE directs trading members to suspend dealings in Bajaj Finance Limited's 8.90% Non-Convertible Debentures (INE296A07KJ3) from March 9, 2026, ahead of redemption and interest payment on the record date.

Summary

BSE has notified trading members that Bajaj Finance Limited has fixed a record date of March 9, 2026, for the redemption of and interest payment on its 8.90% Non-Convertible Debentures (NCD) maturing March 23, 2026 (ISIN: INE296A07KJ3, Scrip Code: 953700). Trading members are directed not to deal in these debentures with effect from March 9, 2026.

Key Points

  • Trading in Bajaj Finance Limited’s NCD (BFL-8.90%-23-3-26-PVT, ISIN: INE296A07KJ3, Scrip Code: 953700) is suspended from March 9, 2026
  • Record date for redemption of debentures and payment of interest is March 9, 2026
  • The debenture is a privately placed 8.90% NCD maturing on March 23, 2026
  • Reference number for this action: DR-835/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory framework is introduced. This is a standard procedural notice under existing BSE listing and trading regulations for debt instruments undergoing redemption.

Compliance Requirements

  • Trading members must cease all dealings in the specified debenture (ISIN: INE296A07KJ3, Scrip Code: 953700) on and from March 9, 2026
  • Members must update their systems and desks to reflect the no-dealings restriction for this scrip ahead of the record date

Important Dates

  • Notice Date: February 24, 2026
  • Record Date: March 9, 2026
  • No Dealings From: March 9, 2026
  • Debenture Maturity Date: March 23, 2026

Impact Assessment

This circular has a limited and routine market impact. It affects only a single series of privately placed NCDs issued by Bajaj Finance Limited. Market participants holding or trading this specific debenture series must ensure compliance with the no-dealings directive from March 9, 2026. The broader equity or debt market for Bajaj Finance is unaffected. Investors in this NCD will receive redemption proceeds and final interest payment around the maturity date of March 23, 2026.

Impact Justification

Routine suspension of trading ahead of NCD redemption and interest payment; affects a specific debenture series of a large NBFC but is a standard corporate action with a defined timeline.