Description

BSE has directed trading members to suspend dealing in debentures of IOT Utkal Energy Services Limited (Code: 1008IOT26C) ahead of the record date for redemption and interest payment on March 13, 2026.

Summary

BSE has notified trading members that IOT Utkal Energy Services Limited has fixed a record date of March 13, 2026, for the purpose of redemption of Non-Convertible Debentures (NCDs) and payment of interest. Trading members are instructed not to deal in the specified debentures effective from March 13, 2026.

Key Points

  • Trading in debentures of IOT Utkal Energy Services Limited (ISIN: INE310L07886, Scrip Code: 950212) is suspended effective March 13, 2026.
  • The record date for redemption and interest payment is March 13, 2026.
  • Debenture code affected: 1008IOT26C.
  • Circular reference: DR-839/2025-2026.
  • No dealings are permitted from March 13, 2026 onwards in the specified debenture.

Regulatory Changes

No new regulatory changes introduced. This is a standard operational notice under existing BSE listing compliance and operations framework requiring cessation of trading ahead of the debenture record date.

Compliance Requirements

  • All trading members of BSE must immediately cease dealing in IOT Utkal Energy Services Limited debentures (ISIN: INE310L07886, Scrip Code: 950212) from March 13, 2026.
  • Trading members must take note of the no-dealings directive and ensure compliance.

Important Dates

  • Notice Date: March 11, 2026
  • Record Date: March 13, 2026
  • No Dealings From: March 13, 2026

Impact Assessment

Trading in the specified NCD of IOT Utkal Energy Services Limited will be halted from March 13, 2026, as the company processes the full redemption and interest payment on the debenture. This directly impacts any trading member or investor holding or intending to trade this debenture in the secondary market. The suspension is temporary and tied to the redemption event, after which the debenture ceases to exist as a tradable instrument.

Impact Justification

Trading suspension in debentures is a time-sensitive, high-impact action directly affecting market participants' ability to trade the specified security from March 13, 2026.