Description
NSE suspends trading of SMFG India Credit Company Limited's non-convertible securities (ISIN: INE535H08678) effective February 10, 2026 due to redemption.
Summary
National Stock Exchange of India has announced the suspension of trading in non-convertible securities issued by SMFG India Credit Company Limited, effective February 10, 2026. The suspension is being implemented under Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A due to the redemption of the securities.
Key Points
- SMFG India Credit Company Limited’s non-convertible securities (ISIN: INE535H08678) will be suspended from trading
- Suspension effective date: February 10, 2026
- Reason for suspension: Redemption of securities
- Action taken under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
- Applies to privately placed non-convertible securities only
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 securities from trading.
Compliance Requirements
- All members must cease trading in the specified ISIN (INE535H08678) from February 10, 2026
- No further trading activity permitted in this security on the debt market segment
- Members should update their systems to reflect the suspension status
Important Dates
- Circular Date: February 09, 2026
- Suspension Effective Date: February 10, 2026 (next trading day)
- Action: Trading suspension becomes effective
Impact Assessment
Market Impact: Low - This is a routine administrative action affecting a single privately placed debt security. The suspension is due to scheduled redemption, which is a normal lifecycle event for debt instruments.
Investor Impact: Minimal - Holders of these securities will receive redemption proceeds as per the terms of issuance. No trading opportunity is lost as the securities are being redeemed.
Operational Impact: Routine - Members need to update trading systems to reflect the suspension, which is a standard operational procedure for security lifecycle management in the debt market segment.
Impact Justification
Routine suspension of a single debt security due to scheduled redemption. Limited market impact as it affects only privately placed non-convertible securities of one issuer.