Description

BSE has directed trading members to suspend dealings in SG Finserve Limited's 9.85% Non-Convertible Debentures (INE618R07012) effective March 20, 2026, ahead of the March 22, 2026 record date for redemption on exercise of call option.

Summary

BSE has issued a notice (No. 20260313-59) informing trading members that SG Finserve Limited has fixed a record date of March 22, 2026 for redemption on exercise of call option on its 9.85% Non-Convertible Debentures (NCD). Trading members are directed not to deal in these debentures with effect from March 20, 2026.

Key Points

  • Company: SG Finserve Limited
  • Debenture Series: SGFL-9.85%-10-2-28-PVT
  • ISIN: INE618R07012 (BSE Code: 976399)
  • Record Date: March 22, 2026
  • Purpose: Redemption on Exercise of Call Option
  • No dealings permitted from: March 20, 2026
  • Circular Reference: DR-844/2025-2026

Regulatory Changes

No new regulatory framework introduced. This is a standard operational directive under BSE’s Debt Segment compliance procedures for corporate actions affecting listed debentures.

Compliance Requirements

  • All trading members of BSE must immediately cease dealing in SG Finserve Limited’s debentures (INE618R07012 / Code 976399) effective March 20, 2026.
  • Members must take note of the suspension and ensure no transactions are executed in these instruments on or after the specified date.

Important Dates

  • Circular Date: March 13, 2026
  • No Dealings From: March 20, 2026
  • Record Date: March 22, 2026 (for Redemption on Exercise of Call Option)

Impact Assessment

Holders of SG Finserve Limited’s 9.85% NCDs (ISIN INE618R07012) will be unable to trade these instruments on BSE from March 20, 2026 onwards. Investors wishing to exit their position must do so before the trading suspension date. The call option redemption on the record date (March 22, 2026) indicates early repayment of principal by the issuer, which may affect yield expectations for debenture holders.

Impact Justification

Trading suspension in specific debentures has immediate and direct impact on holders and market participants dealing in these instruments; no dealings permitted from March 20, 2026.