Description

BSE has suspended trading in INDEL MONEY LIMITED's Non-Convertible Debentures (IML-11.25%-6-4-26-PVT) effective March 20, 2026, ahead of the record date for redemption and interest payment on March 22, 2026.

Summary

BSE has notified trading members of the suspension of trading in a Non-Convertible Debenture (NCD) issued by INDEL MONEY LIMITED. The suspension is in place ahead of the record date set for redemption of the debenture and payment of interest. Trading members are advised not to deal in the specified debenture from March 20, 2026.

Key Points

  • INDEL MONEY LIMITED has fixed March 22, 2026 as the record date for redemption and interest payment on its NCD series IML-11.25%-6-4-26-PVT (ISIN: INE0BUS07BK2, BSE Code: 976217)
  • Trading in this debenture is suspended effective March 20, 2026 (two trading days before record date)
  • The debenture carries a coupon rate of 11.25%
  • This is a privately placed NCD
  • Reference: Notice No. 20260313-58, DR-844/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard operational notice under existing BSE listing compliance procedures for debenture redemptions.

Compliance Requirements

  • Trading members must not deal in INDEL MONEY LIMITED’s debenture (Code: 976217, ISIN: INE0BUS07BK2) from March 20, 2026 onwards
  • Members must update their systems to reflect the trading suspension for the specified security

Important Dates

  • Notice Date: March 13, 2026
  • No Dealings From: March 20, 2026
  • Record Date: March 22, 2026 (for redemption and interest payment)
  • Maturity / Redemption Date implied: April 6, 2026 (per debenture series name IML-11.25%-6-4-26)

Impact Assessment

Holders of INDEL MONEY LIMITED’s NCD (IML-11.25%-6-4-26-PVT) will be unable to sell or transfer their holdings on the exchange from March 20, 2026. The debenture is approaching full redemption, and interest at 11.25% will be paid to holders on record as of March 22, 2026. This is a high-impact event for existing debenture holders as it marks the end of the instrument’s tenure.

Impact Justification

Trading suspension directly restricts market participants from dealing in the specified debenture, with imminent redemption and interest payment affecting debenture holders.