Description
BSE has suspended trading in two debt securities (scrip codes 977490 and 977489) of Shri Ram Finance Corporation Private Limited due to ongoing restructuring, effective till further notice.
Summary
BSE has issued a notice continuing the suspension of trading in two debt securities of Shri Ram Finance Corporation Private Limited. The suspension, originally announced via Exchange Notice No. 20260127-15 dated 27 January 2026, remains in effect due to ongoing restructuring and will continue till further notice.
Key Points
- Two debt securities of Shri Ram Finance Corporation Private Limited are suspended from trading
- Suspension is due to restructuring and will continue till further notice
- This is a continuation of the earlier notice dated 27 January 2026 (Notice No. 20260127-15)
- Trading members are advised to take note of the suspended scrip codes
Regulatory Changes
No new regulatory changes introduced. This notice reaffirms the existing suspension order originally placed on 27 January 2026.
Compliance Requirements
- Trading Members must ensure no trading activity is carried out in the suspended scrip codes 977490 (ISIN: INE08E808074) and 977489 (ISIN: INE08E808066)
- Trading Members may contact BSE’s Debt Listing department for further details: Mr. Akash Shinde / Hardik Bhuta (Assistant Vice President), phone +91 22 2272 8597, email debt.listing@bseindia.com
Important Dates
- 27 January 2026: Original suspension notice issued (Exchange Notice No. 20260127-15)
- 15 April 2026: Current continuation notice issued
- Until further notice: Suspension remains in effect
Impact Assessment
The continued suspension of these two debt instruments (ISIN: INE08E808074 and INE08E808066) significantly impacts liquidity for existing bondholders who are unable to exit their positions in the secondary market. The restructuring of Shri Ram Finance Corporation Pvt Ltd suggests financial stress or a reorganisation of debt obligations. Trading members and investors holding these securities should monitor BSE announcements closely for the lifting of the suspension.
Impact Justification
Trading suspension of debt securities due to restructuring directly affects bondholders and trading members; continuation of an earlier notice indicating an ongoing corporate restructuring situation.