Description
BSE notifies trading members of suspension of dealings in TMPVL 6.95% NCD (INE155A08431) from 16 March 2026 due to redemption and interest payment on record date.
Summary
BSE has issued a notice (No. 20260312-35) informing trading members that Tata Motors Passenger Vehicles Limited has fixed a record date for the redemption and interest payment of its Non-Convertible Debentures (NCDs). Trading members are advised not to deal in the specified debenture series from 16 March 2026.
Key Points
- Tata Motors Passenger Vehicles Limited has fixed 16 March 2026 as the record date for its NCD series TMPVL-6.95%-31-3-26-PVT (ISIN: INE155A08431, Code: 973330)
- The purpose is redemption of debentures along with payment of interest
- Trading members are prohibited from dealing in this debenture series effective 16 March 2026
- Reference circular: DR-840/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard operational notice under existing BSE debt market regulations governing suspension of trading ahead of corporate actions on debentures.
Compliance Requirements
- Trading members must cease all dealings in TMPVL-6.95%-31-3-26-PVT (INE155A08431 / Code 973330) from 16 March 2026
- Members are required to take note of the no-dealings date and ensure compliance
Important Dates
- Notice Date: 12 March 2026
- Record Date: 16 March 2026
- No Dealings From: 16 March 2026
- Debenture Maturity: 31 March 2026
Impact Assessment
This notice affects holders and traders of the specific NCD series (TMPVL-6.95%-31-3-26-PVT) in the BSE debt market segment. The suspension is temporary and routine, triggered by the upcoming redemption on 31 March 2026. Impact is limited to participants in this particular instrument; broader market impact is minimal.
Impact Justification
Routine debenture redemption and interest payment suspension notice affecting a specific NCD series of Tata Motors Passenger Vehicles Limited; impacts only holders of this specific instrument.