Description
NSE suspends trading in two Non-Convertible Debentures of Indian Railway Finance Corporation Limited (IRFC) effective March 05, 2026, due to maturity of the securities.
Summary
NSE has issued a circular under Regulation 3.1.2 of the NSE Capital Market Trading Regulations Part A, notifying the suspension of trading in two Non-Convertible Debentures (NCDs) issued by Indian Railway Finance Corporation Limited (IRFC). The suspension is effective from March 05, 2026, and is triggered by the maturity of both securities.
Key Points
- Two IRFC NCD securities are suspended from trading effective March 05, 2026
- Symbol 704IRFC26 (ISIN: INE053F07876) suspended due to maturity
- Symbol 729IRFC26 (ISIN: INE053F07892) suspended due to maturity
- Circular issued by the Listing Department under Download Ref No: NSE/CML/73086
- Circular Ref. No: 0358/2026
Regulatory Changes
No new regulatory changes are introduced. The suspension is enacted under the existing framework of Regulation 3.1.2 of the National Stock Exchange (Capital Market) Trading Regulations Part A, which governs the suspension of securities upon maturity or other qualifying events.
Compliance Requirements
- All NSE members are notified to cease trading in the two specified NCD securities (704IRFC26 and 729IRFC26) from March 05, 2026 onwards
- Members should update their systems and inform clients holding these debentures about the upcoming trading suspension
- Investors holding these NCDs should coordinate with their depositories for redemption proceedings upon maturity
Important Dates
- Circular Date: March 02, 2026
- Suspension Effective Date: March 05, 2026
Impact Assessment
The impact is limited to holders of the two specific IRFC NCD securities (704IRFC26 and 729IRFC26). As both suspensions are due to scheduled maturity, this is a routine lifecycle event. Investors will receive redemption proceeds as per the terms of the debentures. There is no broader market disruption anticipated. IRFC’s other listed securities remain unaffected.
Impact Justification
Routine suspension of two IRFC NCD securities upon maturity; affects holders of these specific debentures but is a standard lifecycle event with no broader market disruption.