Description

NSE announces suspension of trading in Power Finance Corporation Limited's non-convertible security (ISIN: INE134E08IE1) effective April 16, 2026, due to redemption.

Summary

NSE’s Listing Department has notified the suspension of trading in a Non-Convertible Security (Privately Placed) issued by Power Finance Corporation Limited, pursuant to Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A. The suspension takes effect from April 16, 2026, and is triggered by the upcoming redemption of the security.

Key Points

  • Power Finance Corporation Limited’s debt security (ISIN: INE134E08IE1) will be suspended from trading on NSE effective April 16, 2026
  • Suspension reason: Redemption of the non-convertible security
  • Circular issued under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
  • This is a privately placed non-convertible security
  • Circular Reference: 0624/2026 | Download Ref: NSE/CML/73747

Regulatory Changes

No new regulatory changes introduced. The suspension is executed under the existing framework of Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, which governs the suspension of debt securities upon redemption or other qualifying events.

Compliance Requirements

  • All NSE members are notified to cease trading in ISIN INE134E08IE1 from April 16, 2026
  • Members holding or dealing in this security must ensure no trades are executed on or after the suspension date
  • Settlement obligations for trades executed prior to the suspension date must be fulfilled as per normal settlement cycles

Important Dates

  • April 15, 2026: Circular issued by NSE
  • April 16, 2026: Effective date of trading suspension for ISIN INE134E08IE1 (Power Finance Corporation Limited)

Impact Assessment

The impact of this circular is limited and routine in nature. The suspension affects a single privately placed non-convertible debt security issued by Power Finance Corporation Limited. Holders of this security should note that secondary market trading will cease from April 16, 2026, coinciding with the redemption event. Investors will receive redemption proceeds as per the terms of the instrument. There is no broader market disruption anticipated from this action.

Impact Justification

Routine suspension of a single privately placed non-convertible security due to scheduled redemption. Affects only existing holders of this specific debt instrument with no broader market implications.