Description

BSE cancels the suspension of scrip and ex-date for Hinduja Leyland Finance NCD (Scrip Code 976176) after the company informed that the Put Option has not been fully exercised, rendering the previously announced record date of April 29, 2026 ineffective.

Summary

BSE has issued a corrigendum to Exchange Notice No. 20260422-41 dated April 22, 2025, which had announced a record date of April 29, 2026 for redemption of NCD on exercise of Put Option and payment of interest for Hinduja Leyland Finance (Scrip Code: 976176). Hinduja Leyland Finance has informed the Exchange that the Put Option has not been fully exercised by the company, making the record date ineffective. Consequently, BSE will not enforce the previously announced suspension of the scrip, and the ex-date of April 29, 2026 stands cancelled.

Key Points

  • Original notice (No. 20260422-41, dated April 22, 2025) had set April 29, 2026 as the record date for NCD redemption on exercise of Put Option and interest payment.
  • Hinduja Leyland Finance confirmed the Put Option has NOT been fully exercised by the company.
  • The record date of April 29, 2026 is now deemed ineffective.
  • BSE will NOT give effect to the suspension of Scrip Code 976176 as previously communicated.
  • The ex-date of April 29, 2026 is cancelled.

Regulatory Changes

No new regulatory rules are introduced. This notice reverses and nullifies specific actions announced in Notice No. 20260422-41 dated April 22, 2025, specifically the scrip suspension and the ex-date for Hinduja Leyland Finance NCD (Scrip Code: 976176).

Compliance Requirements

  • Trading members should note that the suspension of Scrip Code 976176 will not be enforced.
  • Trading members must treat the ex-date of April 29, 2026 as cancelled and update their systems and communications accordingly.
  • No further action related to the Put Option redemption event should be processed based on the earlier notice.

Important Dates

  • April 22, 2025: Original Notice No. 20260422-41 issued announcing record date and suspension.
  • April 29, 2026: Previously announced record date and ex-date — now cancelled and ineffective.
  • April 28, 2026: Date of this corrigendum notice cancelling the earlier suspension and ex-date.

Impact Assessment

This corrigendum has significant impact on holders and traders of Hinduja Leyland Finance NCD (Scrip Code: 976176). The cancellation of the ex-date and suspension means trading continues normally without interruption around April 29, 2026. Investors who had anticipated redemption or interest payment on the Put Option exercise date should be aware that no such corporate action will occur as previously scheduled. Market participants and clearing members should update their records to reflect the cancellation and ensure no erroneous settlement actions are taken based on the superseded notice.

Impact Justification

Cancellation of a previously announced scrip suspension and ex-date directly affects trading activity and investor positions in the affected NCD; traders and holders must be immediately aware that the April 29, 2026 ex-date and related suspension are no longer in effect.