Description
BSE has directed trading members to suspend dealings in two Non-Convertible Debentures of Spandana Sphoorty Financial Limited ahead of their redemption and interest payment record dates in March 2026.
Summary
BSE Notice No. 20260313-54 directs trading members to cease dealings in two Non-Convertible Debentures (NCDs) issued by Spandana Sphoorty Financial Limited (SSFL) in the Debt Segment. The suspension is necessitated by the company fixing record dates for redemption and interest payment on these instruments.
Key Points
- Two NCDs of Spandana Sphoorty Financial Limited are subject to trading suspension
- SSFL-10.75%-3-4-26-PVT (ISIN: INE572J07679, Code: 975475): Record date 19 March 2026 for redemption and interest payment; no dealings from 18 March 2026
- SSFL-9.81%-2-4-26-PVT (ISIN: INE572J07703, Code: 975562): Record date 18 March 2026 for redemption and interest payment; no dealings from 18 March 2026
- Circular reference: DR-842/2025-2026
- Issued by Marian Dsouza, Assistant Vice President – Listing Compliance And Operations
Regulatory Changes
No new regulatory changes. This is a standard procedural suspension under existing BSE rules requiring trading members to refrain from dealing in debt securities ahead of record dates fixed for corporate actions such as redemption and interest payment.
Compliance Requirements
- Trading members must not deal in INE572J07679 (Code: 975475) from 18 March 2026 onwards
- Trading members must not deal in INE572J07703 (Code: 975562) from 18 March 2026 onwards
- All trading members in the Debt Segment are required to take note of and comply with these restrictions
Important Dates
| Instrument | ISIN | No Dealings From | Record Date | Purpose |
|---|---|---|---|---|
| SSFL-10.75%-3-4-26-PVT | INE572J07679 | 18 March 2026 | 19 March 2026 | Redemption & Interest Payment |
| SSFL-9.81%-2-4-26-PVT | INE572J07703 | 18 March 2026 | 18 March 2026 | Redemption & Interest Payment |
Impact Assessment
The impact is limited to holders and traders of these two specific NCD instruments in the BSE Debt Segment. Both debentures are approaching maturity (April 2026 per naming convention), and the suspensions are standard pre-redemption measures. Equity trading in Spandana Sphoorty Financial Limited is unaffected. Debenture holders will receive redemption proceeds and accrued interest as scheduled.
Impact Justification
Routine suspension of trading in two NCDs ahead of scheduled redemption and interest payment; affects only specific debenture instruments of Spandana Sphoorty Financial Limited, not equity shares.