Description
BSE notifies trading members to suspend dealings in Ghaziabad Nagar Nigam bonds (GNN-8.1%-STRB-6-4-26-MB) from March 20, 2026, ahead of redemption and interest payment on the same date.
Summary
BSE has issued a notice (No. 20260313-48) directing trading members to suspend dealings in the bonds of Ghaziabad Nagar Nigam with effect from March 20, 2026. The suspension is necessitated by the company having fixed a Record Date of March 20, 2026, for the purpose of redemption of bonds and payment of interest.
Key Points
- Trading members are advised not to deal in the specified Ghaziabad Nagar Nigam bonds from March 20, 2026.
- The bond in question is GNN-8.1%-STRB-6-4-26-MB with ISIN INE0GVF24022 (Scrip Code: 929014).
- Record Date is fixed as March 20, 2026 for both redemption of bonds and payment of interest.
- The circular is issued under DR-844/2025-2026.
- Issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations.
Regulatory Changes
No new regulatory changes. This is a standard operational notice under BSE’s Debt Segment procedures for bond redemptions.
Compliance Requirements
- All trading members on BSE’s Debt Segment must refrain from executing any trades in GNN-8.1%-STRB-6-4-26-MB (INE0GVF24022 / Scrip Code 929014) from March 20, 2026 onwards.
- Members must update their systems and desks to reflect the no-dealings restriction effective the record date.
Important Dates
| Event | Date |
|---|---|
| Circular Date | March 13, 2026 |
| Record Date | March 20, 2026 |
| No Dealings From | March 20, 2026 |
| Purpose | Redemption of Bonds & Payment of Interest |
Impact Assessment
This circular has a limited and targeted market impact, affecting only holders and traders of the specific Ghaziabad Nagar Nigam bond (GNN-8.1%-STRB-6-4-26-MB). The suspension is a routine pre-redemption measure. Investors holding this bond should note that it will be redeemed on the record date (March 20, 2026), along with accrued interest at 8.1%. No broader market or systemic impact is anticipated.
Impact Justification
Routine bond suspension notice ahead of scheduled redemption and interest payment; affects a specific municipal bond issue with a defined no-dealings date.