Description
BSE has notified trading members to suspend dealings in ECL Finance Limited's 9.65% Non-Convertible Debentures (INE804I07O32) effective 02/03/2026, ahead of their scheduled redemption on record date 02/03/2026.
Summary
BSE has issued Notice No. 20260227-6 directing all trading members to cease dealings in the 9.65% privately-placed Non-Convertible Debentures of ECL Finance Limited (ISIN: INE804I07O32, Scrip Code: 953677) with effect from 02 March 2026. The suspension is in connection with the company having fixed 02 March 2026 as the Record Date for full redemption of this debenture series.
Key Points
- Issuer: ECL Finance Limited
- Instrument: ECL-9.65%-18-03-26-PVT (Privately Placed NCD)
- ISIN: INE804I07O32 | Scrip Code: 953677
- Record Date: 02/03/2026
- Purpose of Record Date: Redemption of Debentures
- No Dealings From: 02/03/2026
- BSE Circular Reference: DR-831/2025-2026
Regulatory Changes
No new regulatory framework is introduced. The suspension is a standard procedural action under BSE’s debt market operations guidelines, triggered by the issuer fixing a record date for redemption.
Compliance Requirements
- All trading members on BSE’s Debt Market Segment must immediately stop buying or selling INE804I07O32 on or after 02/03/2026.
- Members must update their systems and client-facing platforms to block transactions in this ISIN effective from the specified date.
- Members are advised to notify their clients holding or intending to trade in this debenture series about the imminent trading suspension and redemption.
Important Dates
| Event | Date |
|---|---|
| Circular Issue Date | 27 February 2026 |
| Record Date (Redemption) | 02 March 2026 |
| No Dealings Effective From | 02 March 2026 |
Impact Assessment
Market Impact: Trading in this specific NCD series on BSE will be suspended from 02/03/2026. Investors holding these debentures will receive redemption proceeds as per the terms of the instrument. Secondary market liquidity for INE804I07O32 effectively ceases from the suspension date.
Operational Impact: Trading members must update order management and risk systems to prevent any inadvertent trades post-suspension. Settlement of any trades executed prior to the suspension date must be completed in the normal course.
Investor Impact: Debenture holders on record as of 02/03/2026 will be eligible for redemption at face/agreed value. No trading opportunity will exist on or after this date, so holders wishing to exit before redemption must do so prior to 02/03/2026.
Impact Justification
Trading halt in specific NCD series is immediately actionable for debt market participants holding or trading INE804I07O32; non-compliance with the no-dealings directive carries regulatory risk.