Description

BSE has announced suspension of trading in L&T Finance Limited's Non-Convertible Debentures (INE235P07274) effective 12 March 2026, ahead of redemption and interest payment on the same date.

Summary

BSE Notice No. 20260310-55 informs trading members that L&T Finance Limited has fixed a Record Date of 12 March 2026 for the redemption and interest payment of its Non-Convertible Debentures (NCD) series LTF-8.72%-27-3-26-PVT (ISIN: INE235P07274, BSE Code: 953755). Trading in these debentures is suspended from 12 March 2026 onwards, and members are advised not to deal in them from that date.

Key Points

  • Trading in L&T Finance Limited NCD series LTF-8.72%-27-3-26-PVT (ISIN: INE235P07274, Code: 953755) is suspended effective 12 March 2026
  • Record Date is set as 12 March 2026 for both redemption of debentures and payment of interest
  • The coupon rate on the affected NCD series is 8.72%
  • Reference circular: DR-838/2025-2026
  • 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 debt segment rules requiring suspension of trading in debentures prior to their redemption record date.

Compliance Requirements

  • Trading Members must not deal in the specified debentures (LTF-8.72%-27-3-26-PVT, ISIN: INE235P07274) from 12 March 2026
  • Members should update their systems and alert desks to block transactions in this NCD series from the effective date

Important Dates

  • Notice Date: 10 March 2026
  • Record Date: 12 March 2026
  • No Dealings From: 12 March 2026
  • Purpose on Record Date: Redemption of Debentures and Payment of Interest

Impact Assessment

Impact is limited to holders and traders of this specific NCD series (LTF-8.72%-27-3-26-PVT). Upon redemption, investors will receive principal repayment along with final interest at 8.72% coupon rate. Equity trading in L&T Finance Limited (NSE/BSE: LTF) is unaffected. This is a routine end-of-life event for the debenture series maturing on 27 March 2026.

Impact Justification

Routine suspension of trading in a specific NCD series ahead of its scheduled redemption date; affects only holders of this debenture series and does not impact equity trading.