Description

BSE notifies trading members to suspend dealings in Axis Finance Limited's Non-Convertible Debentures (AFL-6.8%-30-3-26-PVT, ISIN INE891K07762) effective 13 March 2026, ahead of redemption and interest payment on that date.

Summary

BSE has issued a notice instructing trading members to suspend dealings in the Non-Convertible Debentures of Axis Finance Limited. The company has fixed 13 March 2026 as the Record Date for the purpose of redemption of debentures and payment of interest on the series AFL-6.8%-30-3-26-PVT (ISIN: INE891K07762, Scrip Code: 973888).

Key Points

  • Trading in Axis Finance Limited’s NCD series AFL-6.8%-30-3-26-PVT is suspended effective 13 March 2026
  • ISIN: INE891K07762 | Scrip Code: 973888
  • Record Date: 13 March 2026
  • Purpose: Redemption of Debentures and Payment of Interest
  • Reference: DR-839/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes. This is a standard operational notice under existing BSE debt segment rules requiring suspension of trading in debentures approaching their redemption/record date.

Compliance Requirements

  • Trading members must not deal in the specified debentures (INE891K07762 / Scrip Code 973888) from 13 March 2026 onwards
  • Members are required to take note of the no-dealings directive and ensure compliance with the suspension

Important Dates

  • Notice Date: 11 March 2026
  • Record Date: 13 March 2026
  • No Dealings From: 13 March 2026
  • Debenture Maturity: 30 March 2026 (as implied by the series name AFL-6.8%-30-3-26-PVT)

Impact Assessment

The impact is limited to holders and traders of this specific NCD series. Trading in the debenture will cease from 13 March 2026, and investors holding these securities as of the record date will be eligible for redemption proceeds and the final interest payment at 6.8% coupon rate. This is a routine end-of-life corporate action for a privately placed NCD maturing on 30 March 2026.

Impact Justification

Routine suspension of trading ahead of NCD redemption and interest payment; affects only holders of this specific debenture series with a defined record date.