Description

BSE has suspended trading in SK Finance Limited's 9.25% Non-Convertible Debentures (ISIN INE124N07689) effective March 18, 2026, due to redemption and interest payment on the record date.

Summary

BSE has notified trading members that trading in the Non-Convertible Debentures (NCDs) of SK Finance Limited will be suspended from March 18, 2026, coinciding with the record date fixed for redemption and interest payment on the 9.25% debentures.

Key Points

  • Trading in SK Finance Limited’s NCD series SKFL-9.25%-2-4-26-PVT (ISIN: INE124N07689, BSE Code: 975579) is suspended effective March 18, 2026.
  • The suspension applies to both redemption of debentures and payment of interest.
  • Notice reference: DR-842/2025-2026.
  • Trading members are advised not to deal in these debentures from the specified date.

Regulatory Changes

No new regulatory changes. This is a standard operational notice under BSE’s listing compliance framework requiring suspension of trading on the record date for corporate actions on debt securities.

Compliance Requirements

  • Trading members must cease all dealings in SKFL-9.25%-2-4-26-PVT (ISIN: INE124N07689, Code: 975579) from March 18, 2026.
  • Members are expected to take immediate note of the notice and ensure no transactions are executed in the said debentures on or after the no-dealings date.

Important Dates

  • Notice Date: March 13, 2026
  • Record Date: March 18, 2026
  • No Dealings From: March 18, 2026
  • Purpose: Redemption of Debentures and Payment of Interest

Impact Assessment

The impact is limited to holders and traders of this specific NCD series of SK Finance Limited. The suspension is routine and time-bound, triggered by the upcoming redemption date of April 2, 2026 (as implied by the series name SKFL-9.25%-2-4-26). Investors holding these debentures will receive redemption proceeds and accrued interest as of the record date. No broader market impact is anticipated.

Impact Justification

Routine debenture trading suspension ahead of scheduled redemption and interest payment; affects only a specific NCD series of SK Finance Limited and is time-bound to the record date.