Description

NSE suspends trading in three Non-Convertible Debentures (NCDs) of NTPC Limited and SMFG India Credit Company Limited effective December 1, 2025 due to redemption.

Summary

National Stock Exchange has issued a circular notifying the suspension of trading in three Non-Convertible Debentures (NCDs) effective December 1, 2025. The suspended securities include two NCDs of NTPC Limited and one NCD of SMFG India Credit Company Limited. All suspensions are due to redemption of the debt instruments. This action is taken under Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A.

Key Points

  • Three NCDs to be suspended from trading on NSE Debt Market segment
  • NTPC Limited: Two NCDs with ISINs INE733E07JX0 and INE733E07EJ0
  • SMFG India Credit Company Limited: One NCD with ISIN INE535H07BT7
  • All suspensions effective from December 1, 2025
  • Reason for suspension: Redemption of debentures
  • Circular effective from the suspension date mentioned

Regulatory Changes

No new regulatory changes introduced. This circular implements existing provisions under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, which governs the suspension of trading in debt securities.

Compliance Requirements

  • Members must cease trading in the specified NCDs from December 1, 2025
  • No trading activity should be executed in these ISINs post-suspension date
  • Members holding positions should be aware of the redemption timeline

Important Dates

  • Circular Date: November 28, 2025
  • Suspension Effective Date: December 1, 2025
  • Circular Reference: NSE/CML/71543, Circular Ref. No: 2304/2025

Impact Assessment

Market Impact: Minimal. This is a routine administrative action related to debt security redemptions. The suspension affects only specific privately placed NCDs and does not impact broader market operations or equity trading.

Investor Impact: Low. NCD holders will receive redemption proceeds as per the terms of their debentures. No action required from investors as redemption is a scheduled maturity event.

Operational Impact: Limited to debt market segment. Trading members need to update their systems to reflect the suspension of these three ISINs from December 1, 2025.

Impact Justification

Routine administrative action for debt securities reaching maturity. Only affects specific NCD holders, no impact on equity trading or broader market operations.