Description
BSE suspends trading in debt securities of six companies effective March 6, 2025, due to redemption or application for delisting.
Summary
BSE has issued Notice No. 20260305-15 informing trading members that debt securities of six companies will be suspended from trading effective March 6, 2025, due to redemption or application for delisting filed by the respective companies. This notice is issued under DR-834/2025-2026.
Key Points
- Trading in debt securities of six companies is suspended with effect from March 6, 2025
- Suspension is due to either redemption of debt securities or application for delisting by the companies
- Trading members are strictly advised not to deal in these securities from the effective date
- Notice reference: DR-834/2025-2026
Affected Securities
| Sr. No. | Scrip Code | ISIN | Company Name |
|---|---|---|---|
| 1 | 958258 | INE982X07267 | Satya Microcapital Limited |
| 2 | 959728 | INE833M07034 | Neepa Real Estates Private Ltd |
| 3 | 973348 | INE945W07316 | InCred Financial Services Limited |
| 4 | 974280 | INE0NGR15022 | PLUTUS 09 2022 |
| 5 | 974752 | INE0PEP15034 | QUEEN 03 2023 |
| 6 | 975674 | INE0WLO15012 | NAOMI 05 2024 |
Regulatory Changes
No new regulatory framework introduced. This is an operational suspension under existing BSE listing and trading regulations governing debt securities subject to redemption or delisting.
Compliance Requirements
- Trading members must immediately cease all dealings in the debt securities of the six listed companies from March 6, 2025 onwards
- Members must update their systems to block transactions in the affected scrip codes and ISINs
- Any pending orders or positions in these securities must be reviewed for compliance
Important Dates
- Notice Date: March 5, 2026
- Suspension Effective Date: March 6, 2025 (as stated in circular)
Impact Assessment
Investors holding debt securities of these six companies will be unable to trade on BSE from the effective date. The suspension covers a mix of well-known entities (InCred Financial Services) and smaller/private issuers. Holders of these instruments should be aware that liquidity on BSE is no longer available and should consult with their brokers regarding settlement of any existing positions. The suspension due to redemption typically signals that the securities have matured or are being called back by the issuer.
Impact Justification
Direct suspension of trading in debt securities of six companies affects investors holding these instruments, with immediate compliance obligations for trading members.