NSE has notified the suspension of trading in two Non-Convertible Debentures (NCDs) issued by InCred Financial Services Limited, effective April 17, 2026. The suspension is pursuant to Regulation 3.1.2 of the National Stock Exchange (Capital Market) Trading Regulations Part A, and is triggered by the maturity of both instruments.

Key Points

• Two NCDs of InCred Financial Services Limited will be suspended from trading on NSE effective April 17, 2026.
• Suspension reason: Maturity of the debentures.
• Symbol 10IFSL26 (ISIN: INE321N07293) is suspended due to maturity.
• Symbol 965IFSL26 (ISIN: INE321N07277) is suspended due to maturity.
• Circular issued by the Listing Department under Circular Ref. No. 0623/2026 (Download Ref: NSE/CML/73746).

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 (Capital Market) Trading Regulations Part A, which governs the suspension of securities upon maturity or other trigger events.

Compliance Requirements

• All NSE members are notified to cease trading in the two specified NCD symbols (10IFSL26 and 965IFSL26) from April 17, 2026.
• No additional compliance action is required from members beyond halting trades in these securities.

Important Dates

• Circular Date: April 15, 2026
• Effective Date of Suspension: April 17, 2026

Impact Assessment

The impact is limited and expected. Both NCDs are being suspended due to natural maturity, meaning investors holding these instruments will receive their principal repayment as per the terms of the debenture. Secondary market trading in these instruments will no longer be possible after April 16, 2026. This is a routine end-of-life event for debt instruments and does not indicate any credit event or default by InCred Financial Services Limited.