Description

BSE suspends trading in three debt securities (scrip codes 977540, 977542, 977543) of Purva Oak Pvt Ltd effective May 15, 2026, due to debt restructuring.

Summary

BSE has issued a notice (20260512-21) suspending trading in three debt securities of Purva Oak Pvt Ltd effective Friday, May 15, 2026. The suspension is a consequence of debt restructuring and is a continuation of the earlier Exchange Notice 20260212-35 dated February 12, 2026.

Key Points

  • Three scrip codes — 977540 (INE0SRE08062), 977542 (INE0SRE08047), and 977543 (INE0SRE08054) — will be suspended from trading.
  • Suspension is effective from Friday, May 15, 2026.
  • The action is a follow-up to Exchange Notice 20260212-35 dated February 12, 2026.
  • Reason for suspension is debt restructuring as detailed in Annexure I of the notice.
  • Trading Members may contact Ms. Bhairavi Bondale (+91 22 2272 8597, debt.listing@bseindia.com) or Hardik Bhuta (Assistant Vice President) for further details.

Regulatory Changes

No new regulatory framework introduced. This action is executed under existing BSE listing and trading regulations governing debt securities subject to restructuring events.

Compliance Requirements

  • Trading Members must note the suspension and cease trading in the affected scrip codes from May 15, 2026.
  • Members should review Annexure I for full details of the debt restructuring terms applicable to these ISINs.

Important Dates

  • February 12, 2026: Original Exchange Notice 20260212-35 issued regarding Purva Oak Pvt Ltd debt securities.
  • May 12, 2026: Current notice (20260512-21) issued.
  • May 15, 2026 (Friday): Effective date of trading suspension for scrip codes 977540, 977542, and 977543.

Impact Assessment

Holders of Purva Oak Pvt Ltd debt securities with ISIN codes INE0SRE08062, INE0SRE08047, and INE0SRE08054 will be unable to trade these instruments on BSE from May 15, 2026. The suspension is tied to a debt restructuring event, which typically signals financial stress at the issuer level. Investors holding these instruments should monitor communications from the company and BSE regarding the restructuring outcome and any implications for repayment or recovery.

Impact Justification

Trading suspension of multiple debt instruments due to debt restructuring directly affects holders of these securities who will lose the ability to trade from May 15, 2026.