Description
BSE has directed trading members to suspend dealings in KLM Axiva Finvest Limited NCDs (Code 939939) from March 18, 2026, ahead of the March 19, 2026 record date for redemption and interest payment.
Summary
BSE Notice No. 20260313-52 informs trading members that KLM Axiva Finvest Limited has fixed a record date of March 19, 2026 for the redemption of its Non-Convertible Debentures (NCDs) and payment of associated interest. Trading in these debentures is suspended from March 18, 2026.
Key Points
- Company: KLM Axiva Finvest Limited
- Instrument: Non-Convertible Debentures (NCD) — Series KLMAFL-03-4-26-NCD
- ISIN: INE01I507AE0 (BSE Code: 939939)
- Record Date: March 19, 2026
- Purpose: Redemption of Debentures and Payment of Interest
- No dealings permitted from: March 18, 2026
- BSE Reference: DR-842/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action suspension under existing BSE listing compliance procedures.
Compliance Requirements
- Trading members must not deal in the specified NCDs (ISIN: INE01I507AE0, Code: 939939) from March 18, 2026 onwards.
- Members are required to take note of the suspension and ensure no transactions are executed in these debentures on or after the no-dealings date.
Important Dates
- March 13, 2026: Circular issued by BSE
- March 18, 2026: Last day; no dealings permitted from this date
- March 19, 2026: Record date for redemption and interest payment
Impact Assessment
The suspension is limited in scope, affecting only this specific NCD series of KLM Axiva Finvest Limited. Existing holders of these debentures will receive redemption proceeds and interest as of the March 19 record date. Trading members must halt transactions in this instrument from March 18, 2026. Market impact is low given the targeted nature of the suspension.
Impact Justification
Routine NCD suspension ahead of redemption record date; affects only holders of this specific debenture series and is time-bound.