Description

BSE has directed trading members to suspend dealings in two Bajaj Finance Limited NCD series ahead of their redemption and interest payment on March 16, 2026.

Summary

BSE Notice No. 20260312-37 dated March 12, 2026 informs trading members that Bajaj Finance Limited has fixed a record date of March 16, 2026 for the redemption and interest payment of two Non-Convertible Debenture (NCD) series. Trading members are directed not to deal in these debentures effective March 16, 2026.

Key Points

  • Two NCD series of Bajaj Finance Limited are subject to trading suspension from March 16, 2026
  • Both series carry an 8.80% coupon rate and are privately placed
  • Record date for both series is March 16, 2026
  • Purpose: Redemption of Debentures and Payment of Interest
  • Circular reference: DR-840/2025-2026
  • Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes. This is a standard operational notice under existing BSE debt market suspension procedures ahead of a scheduled redemption event.

Compliance Requirements

  • Trading members must not deal in the following debentures from March 16, 2026:
    • BFL-8.80%-30-3-26-PVT | ISIN: INE296A07KU0 | BSE Code: 953726
    • BFL-8.80%-31-03-26-PVT | ISIN: INE296A07KW6 | BSE Code: 953740
  • Members must take note of the no-dealings directive and ensure compliance in their trading systems.

Important Dates

  • Notice Date: March 12, 2026
  • Record Date: March 16, 2026
  • No Dealings From: March 16, 2026
  • Redemption Date (Series 1): March 30, 2026 (BFL-8.80%-30-3-26-PVT)
  • Redemption Date (Series 2): March 31, 2026 (BFL-8.80%-31-03-26-PVT)

Impact Assessment

This suspension affects holders and prospective traders of two privately placed NCD series of Bajaj Finance Limited in BSE’s debt market segment. The impact is confined to institutional and high-net-worth participants dealing in these specific instruments. Both series are approaching maturity, making secondary market activity minimal at this stage. The suspension is a routine procedural step to ensure clean record-date determination for redemption proceeds and final interest payouts.

Impact Justification

Routine pre-redemption trading suspension affecting two specific NCD series of Bajaj Finance Limited; limited to debt segment participants holding these instruments.