Description

BSE notifies trading members of suspension of trading in two Bajaj Finance Limited non-convertible debentures ahead of their redemption and interest payment on record date March 16, 2026.

Summary

BSE has issued a notice (Notice No. 20260312-37) directing trading members to suspend dealing in two specific Non-Convertible Debentures (NCDs) of Bajaj Finance Limited. The suspension is in connection with the fixed Record Date of March 16, 2026, set for the purpose of Redemption of Debentures and Payment of Interest on both series.

Key Points

  • Two NCD series of Bajaj Finance Limited are subject to trading suspension effective March 16, 2026.
  • Series 1: BFL-8.80%-30-3-26-PVT (ISIN: INE296A07KU0, Scrip Code: 953726) — Record Date: 16/03/2026, Purpose: Redemption and Interest Payment.
  • Series 2: BFL-8.80%-31-03-26-PVT (ISIN: INE296A07KW6, Scrip Code: 953740) — Record Date: 16/03/2026, Purpose: Redemption and Interest Payment.
  • Both series carry a coupon rate of 8.80%.
  • Notice reference: DR-840/2025-2026.
  • Trading members are advised not to deal in these debentures from March 16, 2026.

Regulatory Changes

No new regulatory changes. This is a standard operational notice issued under existing BSE framework for suspension of trading in debt securities ahead of corporate action record dates.

Compliance Requirements

  • Trading members must cease all dealings in the two specified NCD series (INE296A07KU0 and INE296A07KW6) from March 16, 2026 onwards.
  • Members must take note of the no-dealings date and ensure compliance to avoid any trades in these instruments on or after the record date.

Important Dates

  • Notice Date: March 12, 2026
  • Record Date: March 16, 2026
  • No Dealings From: March 16, 2026
  • Maturity/Redemption Dates: March 30, 2026 (Series 1) and March 31, 2026 (Series 2)

Impact Assessment

The suspension affects trading in two specific privately placed NCD series of Bajaj Finance Limited maturing in late March 2026. Impact is limited to holders and traders of these specific instruments in the debt market segment. This is a routine pre-redemption suspension and does not affect Bajaj Finance’s equity shares or other listed securities. Debenture holders will receive principal redemption and accrued interest upon redemption.

Impact Justification

Routine suspension of trading in two specific NCD series of Bajaj Finance ahead of scheduled redemption; affects holders of these specific debenture series only, not the broader equity or other instruments.