Description

BSE suspends trading in debt securities of MGM Realtors Private Limited and Hindustan Construction Co. Ltd. effective March 16, 2026, due to redemption or delisting applications.

Summary

BSE has issued a notice (No. 20260313-18) suspending trading in debt securities of MGM Realtors Private Limited and Hindustan Construction Co. Ltd. effective March 16, 2026. The suspension applies to three scrip codes across two companies and is triggered by redemption or application for delisting filed by the respective companies.

Key Points

  • Trading suspended in three debt securities across two companies effective March 16, 2026
  • Suspension reason: Redemption / Application for Delisting by the companies
  • Reference: DR-840/2025-2026
  • Two separate debenture series of Hindustan Construction Co. Ltd. are affected
  • Trading members are explicitly advised not to deal in the aforesaid debt securities from the effective date

Regulatory Changes

No new regulatory framework introduced. This is an operational suspension under existing BSE listing compliance and operations procedures, administered by the Listing Compliance And Operations division.

Compliance Requirements

  • All trading members must immediately cease dealing in the following securities from March 16, 2026:
    • Scrip Code 953077 | ISIN INE596T07040 | MGM Realtors Private Limited
    • Scrip Code 974247 | ISIN INE549A07213 | Hindustan Construction Co. Ltd.
    • Scrip Code 974249 | ISIN INE549A08971 | Hindustan Construction Co. Ltd.
  • Trading members must update their systems to block or flag these scrip codes ahead of the effective date

Important Dates

  • Notice Date: March 13, 2026
  • Suspension Effective Date: March 16, 2026 (Monday)

Impact Assessment

Holders of these debentures will lose the ability to exit positions via exchange trading from March 16, 2026. The suspension of two Hindustan Construction debenture series (INE549A07213 and INE549A08971) alongside MGM Realtors signals upcoming redemption events or delisting completions. Investors currently holding these securities should note that liquidity will be unavailable on exchange post-suspension and should plan accordingly. Trading members face compliance risk if trades are executed in these securities after the effective date.

Impact Justification

Trading suspension directly restricts market participants from dealing in these debt securities effective March 16, 2026, with immediate compliance obligations for all trading members.