Description

BSE suspends trading in debt securities of Spandana Sphoorty Financial Limited and Prosperity Asset 9 Trust effective February 27, 2026, due to redemption or application for delisting.

Summary

BSE has directed the suspension of trading in debt securities of two companies — Spandana Sphoorty Financial Limited and Prosperity Asset 9 Trust — effective February 27, 2026. The suspension is triggered by either redemption of the instruments or an application for delisting filed by the respective companies (DR-830/2025-2026).

Key Points

  • Trading in debt securities of two companies is suspended with effect from February 27, 2026
  • Suspension applies to Scrip Code 974793 (ISIN: INE572J07745) — Spandana Sphoorty Financial Limited
  • Suspension applies to Scrip Code 975109 (ISIN: INE0R7Z15011) — Prosperity Asset 9 Trust
  • Reason for suspension: Redemption or Application for Delisting made by the companies
  • Notice reference: DR-830/2025-2026
  • Issued by: Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory framework introduced. This is an operational directive under existing BSE listing and trading regulations governing the suspension of debt securities upon redemption or delisting application.

Compliance Requirements

  • All trading members of BSE are advised not to deal in the debt securities of Spandana Sphoorty Financial Limited (974793) and Prosperity Asset 9 Trust (975109) from February 27, 2026 onwards
  • Trading members must update their systems and client-facing platforms to reflect the suspension
  • Any pending orders or transactions in these securities must be reviewed and halted in compliance with this notice

Important Dates

  • Notice Date: February 26, 2026
  • Suspension Effective Date: February 27, 2026

Impact Assessment

Holders of debentures issued by Spandana Sphoorty Financial Limited and Prosperity Asset 9 Trust will no longer be able to trade these instruments on BSE from February 27, 2026. This is a direct consequence of the instruments reaching redemption or the issuer initiating a delisting process. The impact is high for existing debenture holders who may seek liquidity, as the secondary market route on BSE will be unavailable. Trading members must act immediately to comply with the directive.

Impact Justification

Immediate trading suspension of debt securities affects holders of Spandana Sphoorty and Prosperity Asset 9 Trust debentures; trading members must cease dealings from the next trading day.