Description

BSE notifies trading members that scrip code 953686 (ISIN INE994K07079) of Kumar Sinew Developers Pvt. Ltd. will remain suspended due to ongoing debt restructuring until further notice.

Summary

BSE has issued Notice No. 20260427-23 dated April 27, 2026, continuing the suspension of debt securities of Kumar Sinew Developers Pvt. Ltd. This is a continuation of the earlier Notice No. 20231206-9 dated December 06, 2023. The suspension remains in effect due to ongoing debt restructuring, with no revival date indicated.

Key Points

  • Scrip Code 953686 with ISIN INE994K07079 (Kumar Sinew Developers Pvt. Ltd.) remains suspended
  • Suspension is due to debt restructuring and will continue until further notice
  • This notice is a continuation of the original suspension notice dated December 06, 2023
  • Trading members are advised to take note and act accordingly

Regulatory Changes

No new regulatory changes are introduced. This notice reaffirms the existing suspension status of the debt securities under BSE’s DCS-Listing department guidelines.

Compliance Requirements

  • Trading members must refrain from trading in scrip code 953686 (ISIN INE994K07079)
  • Members should monitor BSE notices for any updates on the lifting of the suspension
  • For queries, members may contact Mr. Akshay Arolkar at +91 22 2272 8352 or debt.listing@bseindia.com, or Hardik Bhuta (Assistant Vice President)

Important Dates

  • Original Suspension Notice: December 06, 2023 (Notice No. 20231206-9)
  • Current Notice Date: April 27, 2026
  • Suspension End Date: Not specified — suspension continues until further notice

Impact Assessment

Investors and trading members holding debt securities of Kumar Sinew Developers Pvt. Ltd. (Scrip Code 953686, ISIN INE994K07079) are unable to trade these instruments on BSE. The prolonged suspension since December 2023 — now confirmed as ongoing in April 2026 — signals continued financial distress or unresolved restructuring proceedings at the company. This has a high impact on liquidity for existing holders of these debt securities.

Impact Justification

Continued suspension of tradable debt securities due to restructuring directly affects investors and trading members holding or dealing in these instruments, with no defined end date.