Description
Trading suspension notice for commercial paper redemption of BHEL, BCML, and HSL with record dates from September 1-4, 2025.
Summary
BSE has suspended trading in commercial paper of three companies - Bharat Heavy Electricals Ltd. (BHEL), Balrampur Chini Mills Ltd. (BCML), and HDFC Securities Limited (HSL) - due to upcoming redemption with record dates between September 1-4, 2025.
Key Points
- Trading suspension applies to specific commercial paper series of three companies
- Record dates set for redemption purposes between September 1-4, 2025
- No dealings allowed from respective record dates
- Five different commercial paper instruments affected
- Notice issued under Corporate Actions category for Debt segment
Regulatory Changes
No regulatory framework changes. Standard procedure for commercial paper redemption.
Compliance Requirements
- Trading members must not deal in the specified commercial paper from respective record dates
- Compliance with redemption schedule as per company announcements
- Adherence to BSE debt segment trading rules
Important Dates
- September 1, 2025: Record date and no dealings from date for BHEL-2-9-25-CP
- September 2, 2025: Record date and no dealings from date for BCML-3-9-25-CP
- September 3, 2025: Record date and no dealings from date for BHEL-4-9-25-CP
- September 4, 2025: Record date and no dealings from date for BHEL-8-9-25-CP and HSL-8-9-25-CP
Impact Assessment
Limited market impact as suspension affects only specific commercial paper instruments nearing maturity. Trading members holding these instruments should prepare for redemption process. No impact on equity trading or other debt instruments of these companies.
Impact Justification
Affects trading in commercial paper of three companies but limited to specific debt instruments