Description
BSE suspends trading in NCD of Logix Buildtech Pvt Ltd (scrip code 960193) effective May 12, 2026, due to early redemption of the 12% NCD maturing October 31, 2026.
Summary
BSE has issued a notice (Notice No. 20260511-5) suspending trading in the Non-Convertible Debentures (NCD) of Logix Buildtech Pvt Ltd with effect from May 12, 2026. The suspension is triggered by the company’s announcement of early redemption of its 12% NCD originally maturing on October 31, 2026.
Key Points
- Trading in Logix Buildtech Pvt Ltd’s NCD (scrip code 960193, ISIN INE806U07033) is suspended from May 12, 2026
- The company has opted for early redemption of its 12% NCD (LBPL-12%-31-10-26-PVT)
- All trading members are advised not to deal in the aforesaid NCD from the effective date
- Reference number: DR-628/2026-2027
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No new regulatory framework introduced. This is an operational notice under existing listing and trading suspension norms triggered by a corporate action (early NCD redemption).
Compliance Requirements
- Trading Members must immediately cease all dealings in Logix Buildtech Pvt Ltd NCD (scrip code 960193, ISIN INE806U07033) from May 12, 2026
- Members are required to take note of this suspension and ensure no trades are executed in the affected security on or after the effective date
Important Dates
- Notice Date: May 11, 2026
- Suspension Effective From: May 12, 2026
- Original NCD Maturity Date: October 31, 2026 (now subject to early redemption)
Impact Assessment
This suspension has a direct and immediate impact on trading members and investors holding or intending to trade in this NCD. Holders of the LBPL-12%-31-10-26-PVT NCD will be subject to early redemption terms set by the company, which may affect expected yield and investment horizon. Secondary market liquidity in this instrument is effectively eliminated from May 12, 2026. Investors should contact the company or their depository participant for details on the early redemption process, timeline, and proceeds.
Impact Justification
Immediate trading suspension effective next day (May 12, 2026) directly affects holders and traders of this NCD; early redemption changes the security's lifecycle.