Description

BSE notifies trading members that Non Convertible Debentures of Bangalore Tower Pvt Ltd (BTPL-9.80%-14-3-26-PVT) will mature on their redemption date, with trading suspended effective March 5, 2025.

Summary

BSE has issued Notice No. 20260304-18 informing trading members that Bangalore Tower Pvt Ltd’s Non Convertible Debentures (scrip code 974664, ISIN INE0LQT08018) are scheduled to mature on their redemption date. Trading in these debentures has been suspended effective March 5, 2025, under DR-833/2025-2026.

Key Points

  • Bangalore Tower Pvt Ltd has informed BSE of the upcoming maturity of its NCDs
  • Debenture: BTPL-9.80%-14-3-26-PVT (Scrip Code: 974664, ISIN: INE0LQT08018)
  • Redemption date: March 14, 2026 (as indicated by the debenture name “14-3-26”)
  • Trading suspension effective from March 5, 2025 (reference DR-833/2025-2026)
  • All trading members are advised not to deal in these debentures from the effective date

Regulatory Changes

No new regulatory changes introduced. This is a standard operational action under BSE’s debt segment procedures for maturing debentures.

Compliance Requirements

  • Trading members must cease all dealings in BTPL-9.80%-14-3-26-PVT (Scrip Code: 974664) with effect from March 5, 2025
  • Members are required to take note of the suspension and ensure no new trades are executed in this instrument

Important Dates

  • Notice Date: March 4, 2026
  • Trading Suspension Effective: March 5, 2025
  • Debenture Redemption Date: March 14, 2026

Impact Assessment

This is a low-impact, routine action limited to a single privately placed NCD of Bangalore Tower Pvt Ltd. The suspension affects only those trading members holding or intending to trade in this specific debenture. The instrument’s maturity is imminent (March 14, 2026), and the suspension is a standard pre-redemption measure to protect investors and ensure orderly settlement.

Impact Justification

Routine NCD redemption-driven trading suspension affecting a single privately placed debenture; limited market-wide impact but mandatory compliance for trading members dealing in this instrument.