Description

BSE has directed trading members to suspend dealings in NCD of Gera Developments Private Limited (GDPL-9.60%-24-3-26-PVT, INE965R07280) effective 13 March 2026, ahead of the 14 March 2026 record date for redemption and interest payment.

Summary

BSE has issued Notice No. 20260311-71 informing trading members that Gera Developments Private Limited has fixed a record date of 14 March 2026 for the redemption and interest payment of its Non-Convertible Debentures (series GDPL-9.60%-24-3-26-PVT, ISIN INE965R07280, scrip code 974831). Trading in these debentures is suspended effective 13 March 2026.

Key Points

  • Company: Gera Developments Private Limited
  • Debenture Series: GDPL-9.60%-24-3-26-PVT
  • ISIN: INE965R07280 (Scrip Code: 974831)
  • Record Date: 14 March 2026
  • Purpose: Redemption of Debentures and Payment of Interest
  • No dealings permitted from: 13 March 2026
  • Circular Reference: DR-839/2025-2026

Regulatory Changes

No new regulatory framework introduced. This is a standard operational suspension notice issued under existing BSE debt market regulations to protect debenture holders’ entitlements around the record date.

Compliance Requirements

  • All trading members are strictly prohibited from dealing in the specified debentures (INE965R07280 / scrip code 974831) on or after 13 March 2026.
  • Members must take immediate note of the suspension and update their systems accordingly to prevent any inadvertent trades.

Important Dates

  • Notice Date: 11 March 2026
  • No Dealings From: 13 March 2026
  • Record Date: 14 March 2026 (for redemption and interest payment)

Impact Assessment

The suspension directly halts secondary market trading in Gera Developments’ 9.60% NCDs maturing around 24 March 2026. Given the imminent redemption, this is a terminal suspension — debenture holders will receive principal repayment and final interest on or around the record/redemption date. Market impact is limited to existing holders of this specific series; broader market implications are minimal.

Impact Justification

Trading suspension is a direct and immediate restriction on market activity for the specified debenture, effective within two days of the notice, with full redemption imminent.