Description

BSE notifies trading members of suspension of dealings in MMFSL Non-Convertible Debentures (INE774D07UT1) effective 11 March 2026 due to record date for redemption and interest payment.

Summary

BSE has issued a notice informing trading members that Mahindra & Mahindra Financial Services Limited (MMFSL) has fixed a record date of 11 March 2026 for the redemption and interest payment on its 8.25% Non-Convertible Debentures. Trading members are directed not to deal in these debentures from 11 March 2026.

Key Points

  • MMFSL has fixed 11 March 2026 as the record date for redemption and interest payment on its NCD series MMFSL-8.25%-26-3-26-PVT
  • ISIN: INE774D07UT1 (Scrip Code: 974726)
  • Trading in these debentures is suspended with no dealings permitted from 11 March 2026
  • Notice reference: DR-837/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes introduced. This is a standard operational notice under existing BSE rules governing suspension of trading ahead of corporate action record dates for debt securities.

Compliance Requirements

  • Trading members must not deal in MMFSL debentures with ISIN INE774D07UT1 (Scrip Code 974726) from 11 March 2026 onwards
  • Members are required to take note of the no-dealings directive and ensure compliance

Important Dates

  • Notice Date: 09 March 2026
  • Record Date: 11 March 2026
  • No Dealings From: 11 March 2026
  • Purpose: Redemption of Debentures and Payment of Interest

Impact Assessment

This suspension affects trading in one specific NCD series of MMFSL (8.25% coupon, maturing 26 March 2026). The impact is limited to holders and prospective traders of this debenture series. Since the debenture is approaching its maturity/redemption date, liquidity impact is minimal. Debenture holders will receive redemption proceeds and final interest on or around the record date.

Impact Justification

Routine suspension of trading in a specific NCD series ahead of redemption and interest payment record date; affects only holders of this specific debenture series.