Description
BSE has directed trading members not to deal in two Non-Convertible Debentures of Finquest Financial Solutions Private Limited effective March 10, 2026, due to Early Redemption.
Summary
BSE has notified trading members that Finquest Financial Solutions Private Limited has fixed March 10, 2026 as the Record Date for Early Redemption of two Non-Convertible Debentures. Trading members are advised not to deal in these debentures from March 10, 2026 onwards.
Key Points
- Two NCDs of Finquest Financial Solutions Private Limited are subject to trading suspension.
- Record Date for Early Redemption is fixed as March 10, 2026.
- No dealings are permitted in either debenture from March 10, 2026.
- Reference: DR-836/2025-2026.
- Circular issued under Notice No. 20260304-23 dated March 04, 2026.
Regulatory Changes
No new regulatory changes introduced. This is a routine suspension notice under existing BSE debt market operational guidelines for instruments undergoing early redemption.
Compliance Requirements
- Trading members must cease all dealings in the two specified debenture instruments (ISIN INE712W08037 and INE712W08029) effective March 10, 2026.
- Members should update their systems to block transactions in scrip codes 955968 and 959019 from the no-dealings date.
Important Dates
- Notice Date: March 04, 2026
- Record Date / No Dealings From: March 10, 2026
Impact Assessment
The suspension is limited to two privately placed NCD instruments of Finquest Financial Solutions Private Limited. Existing holders will be subject to early redemption as of the record date. Secondary market trading in these instruments will be halted, preventing new buyers or sellers from transacting. Impact is confined to current debenture holders and any trading members active in these specific instruments.
Impact Justification
Suspension affects two specific NCD instruments of a private limited company for early redemption; impact is limited to holders of these specific debentures.