Description
BSE advises trading members not to deal in debentures/bonds of NTPC Limited, IndiGrid Infrastructure Trust, and Happiest Minds Technologies Limited ahead of their respective record dates for interest payment or redemption.
Summary
BSE Notice No. 20260415-6 informs trading members that three companies have fixed record dates for interest payment or redemption of their Non-Convertible Debentures (NCDs)/Bonds. Trading members are advised not to deal in the debentures/bonds of these companies from the respective ex-dates.
Key Points
- Trading suspension applies to specific NCD/Bond scrips of NTPC Limited, IndiGrid Infrastructure Trust, and Happiest Minds Technologies Limited
- Suspension is for the purpose of Payment of Interest and/or Redemption of Debentures/Bonds
- All three instruments have ex-dates and record dates coinciding in the third week of April 2026
- Settlements fall under the 2026-2027 settlement cycle
Regulatory Changes
No new regulatory changes. This is a standard operational notice under BSE’s Listing Operations framework advising trading members of upcoming record dates for debt instruments.
Compliance Requirements
- Trading Members must refrain from dealing in the specified debentures/bonds of the listed companies from their respective ex-dates
- Members must note the ISIN numbers and scrip codes to ensure compliance with the suspension advisory
Important Dates
| Company | Scrip Code | ISIN | Record Date | Ex Date | Settlement |
|---|---|---|---|---|---|
| NTPC Limited (NTPC-8.05%-05-05-26-PVT) | 953899 | INE733E07KA6 | 20 Apr 2026 | 20 Apr 2026 | 613/2026-2027 |
| IndiGrid Infrastructure Trust (IGT-7.45%-6-5-26-INVIT-NCD) | 937523 | INE219X07199 | 21 Apr 2026 | 21 Apr 2026 | 614/2026-2027 |
| Happiest Minds Technologies Limited (HMTL-TBILL+SPREAD-8-5-26-PVT) | 974820 | INE419U08025 | 23 Apr 2026 | 23 Apr 2026 | 616/2026-2027 |
Impact Assessment
Impact is limited to debt segment participants holding or trading in the specified NCD/Bond scrips. Equity trading in NTPC and Happiest Minds Technologies is unaffected. The suspension is temporary and instrument-specific, lasting through the respective record dates. Bondholders eligible for interest or redemption payments should ensure their holdings are reflected prior to the ex-dates. IndiGrid Infrastructure Trust’s INVIT-linked NCD is also covered under this advisory.
Impact Justification
Routine suspension of trading in specific NCD instruments ahead of record dates for interest/redemption events across three companies; limited to debt segment and specific scrip codes.