BSE Notice No. 20260413-16 consolidates updates on the debt securities of four issuers: Edelweiss Asset Reconstruction Company Limited, IKAT Exports Private Limited, Aditya Birla Real Estate Ltd, and Steelco Gujarat Ltd. The primary update revises trading terms for Edelweiss Asset Reconstruction NCDs following a partial repurchase, effective April 15, 2026. Steelco Gujarat NCDs remain suspended pending restructuring.

Key Points

• Edelweiss Asset Reconstruction (Scrip: 954527, ISIN: INE015L07428): 295 NCDs repurchased by the company; outstanding listed NCDs revised from 7,800 to 7,505. Revised terms effective Wednesday, April 15, 2026.
• IKAT Exports Private Limited (Scrip: 974537, ISIN: INE0OFR08019): Revised trading terms effective Friday, April 09, 2026, per Annexure I. Continuation of notice 20250417-11 dated April 17, 2025.
• Aditya Birla Real Estate Ltd (Scrip: 975457, ISIN: INE055A08045): ISIN updated from INE055A08045 to INE055A08078. Revised terms effective Wednesday, April 10, 2026. Continuation of notice 20250613-47 dated June 13, 2025.
• Steelco Gujarat Ltd (Scrip: 977444, ISIN: INE629B07013): 16,000 NCDs with face value ₹1,00,000 each remain suspended for trading due to restructuring until further notice. Continuation of notice 20260109-24 dated January 09, 2026.

Regulatory Changes

• The NCD count for Edelweiss Asset Reconstruction ISIN INE015L07428 is reduced to 7,505 following a repurchase of 295 units.
• The ISIN for Aditya Birla Real Estate Ltd (Scrip 975457) has been changed from INE055A08045 to INE055A08078, reflecting a corporate action or restructuring.
• Steelco Gujarat Ltd NCDs continue under a trading suspension regime with no defined end date.

Compliance Requirements

• Trading Members must update their systems to reflect the revised NCD count for Edelweiss Asset Reconstruction (Scrip 954527) before trading commences on April 15, 2026.
• Trading Members must note the new ISIN INE055A08078 for Aditya Birla Real Estate Ltd (Scrip 975457) for all transactions.
• No trading orders should be placed for Steelco Gujarat Ltd (Scrip 977444) until further notice from the Exchange.
• For queries, Trading Members may contact: Mr. Akshay Arolkar / Ms. Pooja Trivedi / Ms. Rutuja Mhasade / Mr. Akash Shinde at +91 22 2272 8352 / 8844 / 8597 or debt.listing@bseindia.com.

Important Dates

• April 15, 2026 (Wednesday): Revised trading terms effective for Edelweiss Asset Reconstruction NCDs (Scrip 954527, ISIN INE015L07428).
• April 10, 2026 (Wednesday): Revised trading terms effective for Aditya Birla Real Estate Ltd (Scrip 975457) with updated ISIN.
• April 09, 2026 (Friday): Revised trading terms effective for IKAT Exports Private Limited (Scrip 974537).
• Until further notice: Steelco Gujarat Ltd (Scrip 977444) remains suspended for trading.

Impact Assessment

This notice has a targeted impact on debt market participants holding or trading the four named NCD instruments. The Edelweiss Asset Reconstruction update is a routine post-repurchase adjustment with a modest reduction in listed NCD count (295 units, ~3.8% of total). The ISIN change for Aditya Birla Real Estate requires Trading Members to update reference data to avoid settlement failures. The ongoing suspension of Steelco Gujarat NCDs due to restructuring is the most operationally significant element, as holders remain unable to exit their positions in the secondary market. IKAT Exports’ update is procedural with terms specified in an annexure. Broad market impact is low; effect is confined to institutional and HNI debt market participants.