Description
BSE advises trading members not to deal in debentures of Patel KNR Heavy Infrastructures Limited ahead of redemption on 31 March 2026, with no dealings permitted from 13 March 2026.
Summary
BSE has issued a notice directing trading members not to deal in the Non-Convertible Debentures (NCDs) of Patel KNR Heavy Infrastructures Limited (scrip code 952547, ISIN INE555J07252) with effect from 13 March 2026, ahead of their scheduled redemption on 31 March 2026.
Key Points
- Trading suspension applies to: PATELKNR-10.35%-31-3-26-F-PVT (ISIN: INE555J07252, Scrip Code: 952547)
- Record date for redemption is 15 March 2026
- No dealings permitted from 13 March 2026
- Redemption date of the debentures is 31 March 2026
- Notice reference: DR-839/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard operational circular enforcing trading suspension ahead of debenture redemption as per BSE procedures.
Compliance Requirements
- All trading members of BSE must refrain from buying or selling the specified NCDs of Patel KNR Heavy Infrastructures Limited from 13 March 2026 onwards.
- Members must update their systems and alert clients holding or intending to trade these debentures.
Important Dates
- Circular Date: 11 March 2026
- No Dealings From: 13 March 2026
- Record Date: 15 March 2026
- Redemption Date: 31 March 2026
Impact Assessment
Trading in these 10.35% NCDs of Patel KNR Heavy Infrastructures Limited is effectively halted from 13 March 2026. Investors holding these debentures will receive redemption proceeds on or around 31 March 2026. Secondary market liquidity for this instrument ceases immediately, affecting any holders who may have wished to exit before maturity.
Impact Justification
Trading in the specified NCD is suspended from 13 March 2026, directly restricting market participants from dealing in these securities ahead of their redemption.