Description
BSE has directed trading members to suspend dealings in two Non-Convertible Debentures of Finquest Financial Solutions Private Limited effective March 10, 2026, due to early redemption.
Summary
BSE has issued Notice No. 20260304-23 directing all trading members to cease dealings in two Non-Convertible Debentures (NCDs) issued by Finquest Financial Solutions Private Limited, effective March 10, 2026. The suspension is triggered by the company fixing a Record Date for early redemption of both instruments.
Key Points
- Trading suspension applies to two NCD instruments of Finquest Financial Solutions Private Limited
- Both instruments have a Record Date of March 10, 2026 for early redemption
- No dealings are permitted from March 10, 2026 onwards
- Reference circular: DR-836/2025-2026
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Affected Instruments
| Company | Instrument Code | ISIN | Scrip Code | Record Date | Purpose |
|---|---|---|---|---|---|
| Finquest Financial Solutions Pvt Ltd | FFSPL-ZC-24-3-27-PVT | INE712W08037 | 955968 | 10/03/2026 | Early Redemption |
| Finquest Financial Solutions Pvt Ltd | FFSPL-ZC-26-9-29-PVT | INE712W08029 | 959019 | 10/03/2026 | Early Redemption |
Regulatory Changes
No new regulatory framework introduced. This notice enforces standard BSE debt market procedure requiring suspension of trading in debentures ahead of a corporate action (early redemption) record date.
Compliance Requirements
- All trading members of BSE must stop dealing in both listed NCD instruments (scrip codes 955968 and 959019) from March 10, 2026
- Members must update their systems and alert desk/dealing teams to block transactions in these ISINs from the effective date
- Non-compliance with trading suspension directives may attract regulatory action
Important Dates
- March 04, 2026 – Notice issued by BSE
- March 10, 2026 – Record Date for early redemption; no dealings permitted from this date
Impact Assessment
Investors holding these NCDs should be aware that early redemption will return principal (and any accrued amounts per terms) on or around the record date. Secondary market liquidity in both instruments will cease from March 10, 2026. Trading members must ensure order management systems reflect the suspension to avoid erroneous trades in the debt segment.
Impact Justification
Trading suspension with immediate effect on two NCD instruments affects all holders and trading members dealing in these securities; early redemption directly impacts investors.