Description

BSE notifies trading members of the suspension of trading in debt securities of Infrastructure Leasing & Financial Services Limited and National Housing Bank, effective March 6, 2026, as these securities mature on March 9, 2026.

Summary

BSE has issued a notice (No. 20260305-7) informing trading members that debt securities of Infrastructure Leasing & Financial Services Limited (ILFS) and National Housing Bank (NHB) are set to mature on March 9, 2026. Trading in these securities is suspended effective March 6, 2026, as per circular DR-834/2025-2026.

Key Points

  • Two debt securities are affected by this suspension order
  • ILFS debt security (ISIN: INE871D07OY8, Scrip Code: 953589) — 8.80% maturing on 09-03-2026
  • NHB debt security (ISIN: INE557F08FO5, Scrip Code: 974622) — 7.79% maturing on 09-03-2026
  • Trading suspension is effective from March 6, 2026
  • Maturity date for both securities is March 9, 2026

Regulatory Changes

No new regulatory changes introduced. This is a standard operational notice under existing BSE debt market regulations governing the suspension of trading in maturing debt instruments.

Compliance Requirements

  • Trading members must cease all dealings in the two specified debt securities (Scrip Codes 953589 and 974622) with effect from March 6, 2026
  • Members should update their systems and alert relevant desks to avoid any trades in these securities post the suspension date

Important Dates

  • Notice Date: March 5, 2026
  • Trading Suspension Effective: March 6, 2026
  • Maturity Date: March 9, 2026

Impact Assessment

The impact is limited and routine in nature. Both securities are privately placed debt instruments nearing their scheduled maturity. Holders of these instruments will receive principal redemption on the maturity date (March 9, 2026). No secondary market trading is permitted from March 6, 2026 onwards, which restricts exit options for investors who have not already liquidated their positions. The broader debt market is unaffected.

Impact Justification

Routine maturity-based trading suspension affecting two specific debt securities; directly impacts holders of ILFS and NHB debt instruments but limited in broader market scope.