Description

BSE has suspended trading in Non-Convertible Debentures of Tata Motors Passenger Vehicles Limited (TMPVL-6.95%-31-3-26-PVT, INE155A08431) effective 16 March 2026 due to redemption and interest payment on record date.

Summary

BSE has notified trading members that Tata Motors Passenger Vehicles Limited has fixed a record date of 16 March 2026 for the redemption of its Non-Convertible Debentures (series TMPVL-6.95%-31-3-26-PVT, ISIN INE155A08431, BSE code 973330) along with payment of interest. Trading in these debentures is suspended with no dealings permitted from 16 March 2026 onwards.

Key Points

  • Company: Tata Motors Passenger Vehicles Limited
  • Debenture Series: TMPVL-6.95%-31-3-26-PVT
  • ISIN: INE155A08431 (BSE Code: 973330)
  • Record Date: 16 March 2026
  • Purpose: Redemption of Debentures and Payment of Interest
  • No dealings permitted from: 16 March 2026
  • Reference: DR-840/2025-2026

Regulatory Changes

No new regulatory changes. This is a routine corporate action notice under BSE’s debt market segment procedures for suspension of trading ahead of a scheduled redemption event.

Compliance Requirements

  • Trading members must not deal in the specified debentures (ISIN INE155A08431 / BSE code 973330) from 16 March 2026 onwards.
  • Members are required to take note of the suspension and ensure no transactions are executed in the said security on or after the record date.

Important Dates

  • Notice Date: 12 March 2026
  • Record Date: 16 March 2026
  • No Dealings From: 16 March 2026

Impact Assessment

This circular marks the final lifecycle event for the TMPVL-6.95%-31-3-26-PVT debenture series, as redemption is full and final. Holders of these debentures will receive principal repayment along with accrued interest on the record date. Trading members must cease all transactions in this instrument from 16 March 2026, making the impact high for any participants holding or intending to trade these debentures in the secondary market.

Impact Justification

Trading suspension with immediate effect from 16 March 2026 directly restricts market participants from dealing in specific debentures; full redemption of the instrument makes this a terminal event for holders.