Description

BSE directs trading members to suspend dealings in two Muthoot Fincorp Limited NCDs effective 10 March 2026, ahead of their redemption on the same date.

Summary

BSE has notified trading members that Muthoot Fincorp Limited has fixed 10 March 2026 as the Record Date for the redemption of two Non-Convertible Debentures (NCDs). Trading in both instruments is suspended effective 10 March 2026.

Key Points

  • Two Muthoot Fincorp NCD instruments are subject to trading suspension ahead of redemption
  • Record Date and No-Dealings Date are both 10 March 2026
  • Instruments affected: MFL-8.25%-2-4-26-NCD (ISIN: INE549K07BT2, Code: 938416) and MFL-2-4-26-NCD (ISIN: INE549K07BQ8, Code: 938432)
  • Circular reference: DR-836/2025-2026
  • Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes introduced. This circular enforces standard BSE procedure requiring suspension of trading in debt instruments prior to their redemption record date.

Compliance Requirements

  • Trading members must not deal in the two listed Muthoot Fincorp NCD instruments from 10 March 2026 onwards
  • Members are required to take note of the suspension and ensure no transactions are executed in these instruments on or after the specified date

Important Dates

  • Circular Date: 04 March 2026
  • Record Date (Redemption): 10 March 2026
  • No Dealings From: 10 March 2026

Impact Assessment

Trading in both NCDs (INE549K07BT2 and INE549K07BQ8) will be halted from 10 March 2026. Holders of these instruments should note that secondary market transactions will not be permitted from that date, as the securities are due for full redemption. This is a routine corporate action with a defined and limited impact confined to holders and traders of these two specific debt instruments on BSE’s debt segment.

Impact Justification

Trading members are prohibited from dealing in two specific Muthoot Fincorp NCDs starting 10 March 2026 due to imminent redemption, directly affecting tradability of these instruments.