Description

BSE has advised trading members not to deal in the 7.75% non-convertible debentures of Hindustan Zinc Ltd (INE267A08020) effective 06 March 2026, ahead of redemption and interest payment on the same date.

Summary

BSE Notice No. 20260304-21 informs trading members that Hindustan Zinc Ltd has fixed a record date of 06 March 2026 for the redemption and interest payment of its 7.75% Non-Convertible Debentures (ISIN: INE267A08020, Scrip Code: 976514). Trading members are directed not to deal in these debentures with effect from 06 March 2026.

Key Points

  • Hindustan Zinc Ltd has set 06 March 2026 as the record date for debenture redemption and interest payment
  • Debenture series: HZL-STRP1-7.75%-21-03-26-PVT (ISIN: INE267A08020, Scrip Code: 976514)
  • No dealings are permitted in these debentures from 06 March 2026
  • Reference circular: DR-834/2025-2026
  • Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory framework changes. This is a standard corporate action-driven trading suspension under BSE’s existing debt segment operational guidelines.

Compliance Requirements

  • All trading members must immediately cease transactions in ISIN INE267A08020 (Scrip Code: 976514) effective 06 March 2026
  • Members must update their systems and desks to block or flag this debenture from the no-dealings date onwards
  • Members are expected to take note of and act upon this notice without delay

Important Dates

  • Notice Date: 04 March 2026
  • Record Date: 06 March 2026
  • No Dealings From: 06 March 2026
  • Purpose: Redemption of Debentures and Payment of Interest

Impact Assessment

This suspension has a high and immediate impact on debt segment participants holding or trading the specified Hindustan Zinc debenture. The instrument will be redeemed on the record date, effectively ending its tradability. Members with open positions or pending transactions in Scrip Code 976514 must settle or close them before 06 March 2026. The redemption also triggers final interest payment, completing the lifecycle of this debenture series.

Impact Justification

Trading suspension is effective immediately (06 Mar 2026) with full redemption of debentures, directly restricting tradability and triggering mandatory compliance for all trading members holding or transacting in this instrument.