Description

BSE notifies trading members of suspension of dealings in L&T Finance Limited's Non-Convertible Debentures (INE235P07274) ahead of redemption and interest payment on March 12, 2026.

Summary

BSE has issued a notice informing trading members that L&T Finance Limited has fixed a Record Date of March 12, 2026 for the purpose of redemption and interest payment on a specific series of Non-Convertible Debentures. Trading members are advised not to deal in the said debentures with effect from March 12, 2026.

Key Points

  • L&T Finance Limited has set a Record Date of March 12, 2026 for redemption and interest payment on its 8.72% NCD series.
  • The affected debenture is identified as LTF-8.72%-27-3-26-PVT with ISIN INE235P07274 (BSE Scrip Code: 953755).
  • Trading members are prohibited from dealing in these debentures from March 12, 2026 onwards.
  • The circular reference is DR-838/2025-2026.

Regulatory Changes

No new regulatory changes introduced. This is a standard operational notice under existing BSE listing and trading compliance framework.

Compliance Requirements

  • All trading members of BSE must refrain from buying or selling the debentures of L&T Finance Limited (ISIN: INE235P07274, Scrip Code: 953755) on and from March 12, 2026.
  • Members must update their systems and alert relevant desks to ensure no transactions are executed in this debenture series from the effective date.

Important Dates

  • Notice Date: March 10, 2026
  • Record Date: March 12, 2026
  • No Dealings From: March 12, 2026
  • Debenture Maturity Date (implied): March 27, 2026 (from debenture name LTF-8.72%-27-3-26-PVT)

Impact Assessment

The suspension is limited in scope, affecting only one specific NCD series of L&T Finance Limited. Existing holders of this debenture will receive redemption proceeds and accrued interest as of the record date. Secondary market liquidity for this instrument will cease from March 12, 2026, which is standard practice ahead of debt instrument maturity and redemption events. No broader market impact is anticipated.

Impact Justification

Routine suspension of trading in a specific NCD series ahead of redemption and interest payment; affects only holders of this debenture series (INE235P07274, scrip code 953755).