Description

Listing of Northern Arc Capital Limited's privately placed debt securities (8.85% coupon, maturing Dec 2028) on NSE Capital Market segment effective January 05, 2026.

Summary

NSE notifies the listing of Northern Arc Capital Limited’s privately placed debt securities on the Capital Market segment effective January 05, 2026. The security is an 8.85% coupon bond maturing on December 31, 2028, with trading symbol 885NACL28 and market lot size of 1.

Key Points

  • Security admitted to dealings on NSE Capital Market segment from January 05, 2026
  • Issuer: Northern Arc Capital Limited
  • Trading Symbol: 885NACL28, Series: N0
  • Coupon Rate: 8.85% per annum
  • Maturity Date: December 31, 2028
  • ISIN Code: INE850M07509
  • Market Lot Size: 1 unit
  • Issue Description: NACL 8.85% 2028

Regulatory Changes

No regulatory changes introduced. This circular implements existing regulations:

  • Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A - admission of securities to dealings
  • Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A - specification of lot sizes

Compliance Requirements

  • Trading members must identify the security by its designated code (885NACL28) on the trading system
  • Trading must be conducted in the specified market lot size of 1 unit
  • All members must note the effective date of January 05, 2026 for commencement of trading

Important Dates

  • Circular Date: January 02, 2026
  • Effective Date: January 05, 2026 (listing and trading commencement)
  • Maturity Date: December 31, 2028 (bond maturity)

Impact Assessment

Market Impact: Low - This is a routine listing of privately placed debt securities affecting a specific issuer and its bondholders. No broad market-wide implications.

Operational Impact: Minimal - Trading members need to update their systems with the new security code and lot size information. Standard listing procedure with no operational complexity.

Investor Impact: Limited to existing bondholders of Northern Arc Capital Limited who will gain exchange listing and potential liquidity for their privately placed securities.

Impact Justification

Routine listing of privately placed debt securities with limited market-wide impact, affecting only specific bondholders and the issuing company.