Description

NSE notifies suspension of trading in Sundaram Finance Limited's non-convertible security (ISIN: INE660A07RF3) effective May 20, 2026, due to redemption.

Summary

NSE’s Listing Department has issued a circular (Ref No: NSE/CML/74293, Circular Ref. No: 0802/2026) notifying the suspension of trading in a non-convertible security issued by Sundaram Finance Limited. The suspension is effective May 20, 2026, and is triggered by the redemption of the security.

Key Points

  • Sundaram Finance Limited’s non-convertible security with ISIN INE660A07RF3 will be suspended from trading effective May 20, 2026.
  • The suspension is pursuant to Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A.
  • The reason for suspension is redemption of the security.
  • The circular is issued by the NSE Listing Department and signed by Vishakha Kine, Manager.

Regulatory Changes

No new regulatory changes are introduced. The suspension is carried out under the existing framework of Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A, which governs suspension of non-convertible securities upon maturity/redemption events.

Compliance Requirements

  • All NSE members are notified to cease trading in ISIN INE660A07RF3 (Sundaram Finance Limited) from May 20, 2026 onwards.
  • Members must ensure no orders are placed or executed in this security on or after the suspension date.

Important Dates

  • Circular Date: May 19, 2026
  • Suspension Effective Date: May 20, 2026

Impact Assessment

The impact is limited to holders and traders of this specific privately placed non-convertible security issued by Sundaram Finance Limited (INE660A07RF3). The suspension is a routine administrative action preceding redemption and does not indicate any financial distress or regulatory concern. Investors holding this security should expect redemption proceeds as per the terms of the instrument. Broader market impact is minimal.

Impact Justification

Routine suspension due to redemption of a single privately placed non-convertible security; affects only holders of this specific instrument with a known maturity event.