Description

BSE has suspended trading in debentures of Cube Highways Trust (CHT-7.95%-31-3-44-INVIT) effective 16 March 2026, ahead of redemption on exercise of call option and payment of interest.

Summary

BSE has directed trading members not to deal in the Non-Convertible Debentures of Cube Highways Trust (ISIN: INE0NR607025, Scrip Code: 975770, Series: CHT-7.95%-31-3-44-INVIT) with effect from 16 March 2026. The suspension is necessitated by the company having fixed a Record Date for Redemption on Exercise of Call Option and Payment of Interest.

Key Points

  • Trading in Cube Highways Trust debentures (CHT-7.95%-31-3-44-INVIT, ISIN INE0NR607025, Code 975770) is suspended from 16 March 2026
  • Record Date fixed as 16 March 2026 for both redemption on exercise of call option and payment of interest
  • Notice reference: DR-840/2025-2026
  • All BSE trading members are required to refrain from dealing in these debentures from the specified date

Regulatory Changes

No new regulatory changes introduced. This is a standard procedural notice under BSE’s debt segment corporate actions framework, triggered by the issuer’s exercise of a call option on the debenture.

Compliance Requirements

  • Trading members must not execute any transactions in ISIN INE0NR607025 (Scrip Code 975770) on or after 16 March 2026
  • Members should update their systems and inform clients holding or intending to trade this instrument

Important Dates

  • Notice Date: 12 March 2026
  • Record Date / No-Dealings From: 16 March 2026
  • Purpose: Redemption on Exercise of Call Option + Payment of Interest

Impact Assessment

The suspension affects only holders and prospective traders of the specific Cube Highways Trust debenture series (CHT-7.95%-31-3-44-INVIT). Upon redemption via call option exercise, the debenture will be retired from the debt market segment. Existing holders will receive the redemption proceeds and accrued interest as of the record date. Market impact is limited to this single instrument.

Impact Justification

Trading suspension is limited to a specific debenture series of Cube Highways Trust ahead of call option redemption; impacts only holders of this instrument.