Description

BSE has directed trading members to suspend dealings in two bonds of Power Finance Corporation Ltd (PFCBS3 and PFCBS4) effective March 17, 2026, ahead of their redemption and interest payment on the same date.

Summary

BSE Notice No. 20260313-49 informs trading members that Power Finance Corporation Ltd has fixed March 17, 2026 as the Record Date for the redemption and interest payment of two bonds (PFCBS3 and PFCBS4). Trading members are directed not to deal in these bonds from March 17, 2026 onwards.

Key Points

  • Two bonds of Power Finance Corporation Ltd are subject to a trading suspension effective March 17, 2026.
  • Bond PFCBS3 (ISIN: INE134E07091, Code: 961713) is being redeemed with interest payment on the Record Date.
  • Bond PFCBS4 (ISIN: INE134E07109, Code: 961714) is also being redeemed with interest payment on the Record Date.
  • Reference circular for both bonds: DR-841/2025-2026.
  • All trading members on BSE’s Debt Segment must cease dealings in these bonds from March 17, 2026.

Regulatory Changes

No new regulatory framework is introduced. This is a standard operational notice under existing BSE listing compliance procedures requiring suspension of trading prior to bond redemption events.

Compliance Requirements

  • Trading members must not execute any buy or sell transactions in PFCBS3 (INE134E07091) and PFCBS4 (INE134E07109) from March 17, 2026.
  • Members are advised to update their systems and alert desks to block these instruments on the effective date.

Important Dates

  • Notice Date: March 13, 2026
  • Record Date / No-Dealings From: March 17, 2026
  • Purpose: Redemption of Bonds and Payment of Interest for both PFCBS3 and PFCBS4

Impact Assessment

The suspension of trading impacts all market participants holding or intending to trade in these two PFC bonds on BSE’s Debt Segment. As both bonds are being redeemed on March 17, 2026, liquidity in these instruments will cease entirely from that date. Bondholders will receive redemption proceeds and accrued interest as per the company’s schedule. The impact is limited to holders of these specific instruments and does not affect other PFC securities.

Impact Justification

Trading suspension in two PFC bonds is effective immediately from March 17, 2026, directly restricting market activity and requiring mandatory compliance by all trading members on the debt segment.