BSE Notice 20260424-38 directs trading members to cease dealing in debentures of 14 companies across 15 scrips. Each issuer has fixed a record date for payment of interest or redemption of its Non-Convertible Debentures (NCDs) or bonds, triggering mandatory trading suspension in the relevant instruments.

Key Points

• Trading members must not deal in the listed debentures on or around their respective record/ex-dates
• 15 NCD/bond scrips across 14 issuers are affected
• Record dates range from April 30, 2026 to May 14, 2026
• Suspensions are for interest payment and/or redemption purposes
• Settlement DR references: 621/2026-2027 through 630/2026-2027
• Issued by Marian Dsouza, AVP – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes. This is a standard operational notice under BSE’s listing and debt segment rules requiring trading suspension prior to record dates for corporate actions on debt instruments.

Compliance Requirements

• Trading members must refrain from executing trades in the listed debenture scrips on and around their stated ex-dates and record dates
• Members should update their systems to block or flag these scrips accordingly
• No action required from equity holders; this notice is specific to debt segment participants

Important Dates

Impact Assessment

Impact is limited to the debt segment. The 15 affected scrips span NBFC, banking, microfinance, and infrastructure sectors. Debenture holders should note their respective record dates to ensure entitlement to interest payments or redemption proceeds. The largest issuers — HDFC Bank, Axis Bank, and Adani Ports — have well-established debt programs and this represents routine end-of-coupon-period activity. No impact on the equity markets or broader indices is expected.