Description

BSE has informed trading members that Muthoot Mcred Ltd's Non-Convertible Debentures (MML-10.25%-13-3-26-NCD) will be suspended from trading effective March 10, 2026, due to upcoming redemption.

Summary

BSE has notified trading members that trading in the Non-Convertible Debentures (NCDs) of Muthoot Mcred Ltd will be suspended with effect from March 10, 2026. The suspension is consequent to the scheduled redemption of the debenture series MML-10.25%-13-3-26-NCD (Scrip Code: 937431, ISIN: INE101Q08118).

Key Points

  • Muthoot Mcred Ltd has informed BSE of the redemption of its NCDs with the series name MML-10.25%-13-3-26-NCD.
  • ISIN: INE101Q08118 | Scrip Code: 937431
  • Trading in these debentures is suspended effective March 10, 2026.
  • Trading members are advised not to deal in the aforesaid debentures from that date.
  • The notice reference is DR-836/2025-2026.

Regulatory Changes

No new regulatory changes are introduced. This is a standard operational action by BSE pursuant to the company’s intimation of NCD redemption.

Compliance Requirements

  • Trading members must cease dealing in Muthoot Mcred Ltd’s NCDs (ISIN: INE101Q08118, Scrip Code: 937431) from March 10, 2026 onwards.
  • Members should update their systems and alert their clients holding or intending to trade in these debentures.

Important Dates

  • March 09, 2026: Date of circular issuance.
  • March 10, 2026: Effective date of trading suspension.
  • March 13, 2026: Scheduled redemption date implied by debenture series name (MML-10.25%-13-3-26-NCD).

Impact Assessment

The impact is limited to holders and traders of the specific NCD series of Muthoot Mcred Ltd. Post-suspension, no secondary market transactions will be permitted on BSE for this instrument. Investors holding these debentures will receive redemption proceeds on the scheduled redemption date. This is a routine lifecycle event for a maturing debt instrument and does not signal any financial distress.

Impact Justification

Routine NCD redemption-driven trading suspension affecting a single debt instrument; relevant only to holders of this specific debenture.