Description

BSE has notified trading members to suspend dealings in ECL Finance Limited's 9.65% Non-Convertible Debentures (ISIN: INE804I07O32) effective 02 March 2026, ahead of their scheduled redemption.

Summary

BSE has issued Notice DR-831/2025-2026 directing trading members to cease dealing in the 9.65% Non-Convertible Debentures of ECL Finance Limited (Scrip Code: 953677, ISIN: INE804I07O32) with effect from 02 March 2026. The suspension is in connection with the company’s fixed Record Date for the redemption of these debentures.

Key Points

  • ECL Finance Limited has fixed 02 March 2026 as the Record Date for redemption of its 9.65% NCDs
  • Debenture series: ECL-9.65%-18-03-26-PVT (ISIN: INE804I07O32, Scrip Code: 953677)
  • Trading members are advised not to deal in these debentures from 02 March 2026
  • Notice reference: DR-831/2025-2026
  • Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes introduced. This is a standard operational circular implementing existing BSE procedures for debenture redemption and the associated trading suspension.

Compliance Requirements

  • All trading members of BSE must immediately cease dealing in ECL Finance Limited’s NCDs (Scrip Code: 953677) from 02 March 2026
  • Members should update their systems and inform relevant desks to block transactions on this security from the effective date
  • Members holding or facilitating client positions in this debenture must take note of the no-dealings restriction

Important Dates

  • Circular Date: 27 February 2026
  • Record Date for Redemption: 02 March 2026
  • No Dealings From: 02 March 2026
  • Scheduled Maturity Date (implied by series name): 18 March 2026

Impact Assessment

The impact is limited to trading members and investors specifically holding or transacting in this debenture series. The suspension is a routine pre-redemption measure ensuring clean settlement of the redemption process. Holders of ECL-9.65%-18-03-26-PVT should prepare for redemption proceeds as per the company’s schedule. No impact on equity trading or other debt instruments of ECL Finance Limited.

Impact Justification

Routine trading suspension ahead of NCD redemption; affects only holders and dealers of this specific debenture series. Limited broader market impact but important for trading members with exposure to this instrument.