Description

BSE notice extending suspension of trading in NCDs of Setco Auto Systems Private Limited due to ongoing debt restructuring, continuing from the earlier notice dated 30 March 2026.

Summary

BSE has issued a continuation notice (Notice No. 20260424-23) regarding the suspension of trading in debt securities of Setco Auto Systems Private Limited. This follows the earlier notice No. 20260330-9 dated 30 March 2026. Two NCD scrip codes remain suspended from trading until further notice due to an ongoing debt restructuring process.

Key Points

  • Trading suspension on two NCDs of Setco Auto Systems Private Limited remains in effect
  • Suspension is due to debt restructuring and will continue till further notice
  • ISIN INE0I0R07144 (Scrip Code 975859): 975 NCDs with face value ₹1,00,000 each
  • ISIN INE0I0R07136 (Scrip Code 973453): 2,150 NCDs with face value ₹10,00,000 each
  • This is a continuation of the suspension first announced on 30 March 2026

Regulatory Changes

No new regulatory changes introduced. This notice reaffirms and extends the existing trading suspension on the specified NCDs pending completion of the restructuring process.

Compliance Requirements

  • Trading Members must ensure no trades are executed in Scrip Codes 975859 and 973453
  • Members may contact BSE DCS-Listing department for further clarifications
  • Contact: Ms. Bhairavi Bondale, +91 22 2272 8844, debt.listing@bseindia.com

Important Dates

  • Original suspension notice: 30 March 2026 (Notice No. 20260330-9)
  • Current update notice date: 24 April 2026
  • Suspension end date: Till further notice (no defined date)

Impact Assessment

Holders of these NCDs are unable to trade their securities on BSE until the restructuring is resolved, resulting in illiquidity. The two suspended instruments together represent 975 NCDs (₹1 lakh face value) and 2,150 NCDs (₹10 lakh face value), indicating significant debt exposure under restructuring. Market participants should monitor for a subsequent BSE notice announcing resumption of trading.

Impact Justification

Affects specific NCD holders of Setco Auto Systems Private Limited; trading suspension continues due to restructuring with no defined end date, impacting liquidity for holders of these two scrip codes.