Description
NSE suspends trading in two Non-Convertible Debentures of Ugro Capital Limited effective May 12, 2026, due to maturity of the instruments.
Summary
NSE has notified the suspension of trading in two Non-Convertible Debentures (NCDs) issued by Ugro Capital Limited, effective May 12, 2026. The suspension is triggered by the maturity of both instruments, as per Regulation 3.1.2 of the National Stock Exchange (Capital Market) Trading Regulations Part A.
Key Points
- Two NCDs of Ugro Capital Limited will be suspended from trading effective May 12, 2026
- Suspension reason: Maturity of the debentures
- Circular issued by NSE Listing Department under ref NSE/CML/74101 (Circular No. 0746/2026)
- Regulatory basis: Regulation 3.1.2 of NSE Capital Market Trading Regulations Part A
Regulatory Changes
No new regulatory changes introduced. This circular is a standard administrative notification under existing NSE trading regulations to halt trading in debt securities upon their maturity date.
Compliance Requirements
- Members and market participants must cease trading in the two specified NCD symbols (105UCL2026 and 11UCL26) from May 12, 2026
- Holders of these NCDs should coordinate with their depository participants regarding maturity proceeds
Important Dates
- Circular Date: May 07, 2026
- Effective Date of Suspension: May 12, 2026
Impact Assessment
The suspension is a routine event tied to the natural maturity of the debt instruments. Impact is limited to current holders of the two NCD tranches (ISIN: INE583D07463 and INE583D07455). Post-suspension, holders will receive redemption proceeds as per the terms of the debenture. There is no broader market or equity impact expected.
Impact Justification
Routine suspension of two NCDs at maturity; affects only holders of these specific debt instruments, not equity markets broadly.