Description

BSE has suspended trading in CUBE HIGHWAYS TRUST debentures (INE0NR607025) from 16 March 2026 due to record date fixed for redemption on exercise of call option and payment of interest.

Summary

BSE has notified trading members that CUBE HIGHWAYS TRUST has fixed 16 March 2026 as the record date for redemption on exercise of call option and payment of interest on its Non-Convertible Debentures (CHT-7.95%-31-3-44-INVIT, ISIN: INE0NR607025, Scrip Code: 975770). Trading in these debentures is suspended with effect from 16 March 2026.

Key Points

  • Trading in CUBE HIGHWAYS TRUST debentures (ISIN: INE0NR607025, Scrip Code: 975770) is suspended from 16 March 2026
  • Record date is fixed as 16 March 2026
  • Purpose: Redemption on Exercise of Call Option and Payment of Interest
  • Debenture series: CHT-7.95%-31-3-44-INVIT (coupon 7.95%, maturity 31 March 2044)
  • Reference notice: DR-840/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard operational suspension pursuant to BSE listing and trading regulations applicable when a company fixes a record date for corporate actions on debt securities.

Compliance Requirements

  • Trading members must not deal in CUBE HIGHWAYS TRUST debentures (ISIN: INE0NR607025, Scrip Code: 975770) from 16 March 2026 onwards
  • Members are required to take note of and comply with the trading suspension immediately

Important Dates

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

Impact Assessment

The suspension is limited in scope, affecting only the specific NCD series (CHT-7.95%-31-3-44-INVIT) of CUBE HIGHWAYS TRUST (an InvIT). Investors holding these debentures will be eligible for redemption proceeds and interest payment as of the record date. Secondary market liquidity in this instrument ceases from 16 March 2026. Broader market impact is minimal given the niche nature of InvIT debt instruments.

Impact Justification

Routine suspension of trading in a specific NCD series ahead of redemption on call option exercise and interest payment; affects only holders of this debenture series (ISIN INE0NR607025, scrip code 975770).