Description

BSE has directed trading members to suspend dealings in NCDs of Akara Capital Advisors Private Limited ahead of the record date for redemption and interest payment on March 14, 2026.

Summary

BSE has notified trading members to cease dealings in Non-Convertible Debentures (NCDs) of Akara Capital Advisors Private Limited. The suspension is effective from March 13, 2026, ahead of the record date of March 14, 2026, fixed for redemption of debentures and payment of interest.

Key Points

  • Trading in NCD series ACAPL-14.50%-29-3-26-PVT (ISIN: INE08XP07290, Scrip Code: 976585) is suspended from March 13, 2026
  • Record date is set for March 14, 2026
  • Purpose of record date: Redemption of Debentures and Payment of Interest
  • Coupon rate: 14.50%
  • Notice reference: DR-839/2025-2026
  • Circular Notice No: 20260311-73

Regulatory Changes

No new regulatory changes introduced. This is a standard operational notice under existing BSE debt market regulations requiring suspension of trading prior to corporate action record dates.

Compliance Requirements

  • All trading members on BSE are strictly advised not to deal in the specified debentures (ISIN: INE08XP07290) from March 13, 2026 onwards.
  • Members must take note of the no-dealing restriction and ensure compliance through their trading systems.

Important Dates

  • Notice Date: March 11, 2026
  • No Dealings From: March 13, 2026
  • Record Date: March 14, 2026
  • Maturity / Redemption Date: March 29, 2026 (as indicated in the series name ACAPL-14.50%-29-3-26-PVT)

Impact Assessment

Impact is limited to holders and prospective traders of this specific privately placed NCD series. The suspension is a routine pre-redemption measure ensuring clean settlement of the final redemption and interest payout. Post-record date, the debentures will be redeemed and cease to trade on the BSE debt segment. Market impact is low given the private placement nature and impending maturity.

Impact Justification

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