Description

BSE suspends trading in commercial papers of 8 companies due to upcoming redemptions between October 10-15, 2025.

Summary

BSE has suspended trading in commercial papers issued by 8 companies effective from their respective record dates. The suspension is to facilitate redemption of these commercial papers scheduled between October 10-15, 2025. Trading members are advised not to deal in these securities from the specified dates.

Key Points

  • 8 companies’ commercial papers to be suspended for redemption
  • Time Technoplast Limited and PCBL Chemical Limited: No dealings from October 10, 2025
  • HDFC Securities Limited: No dealings from October 13, 2025
  • Pilani Investment And Industries Corporation Limited: No dealings from October 14, 2025 (first CP)
  • Pilani Investment And Industries Corporation Limited, Kirloskar Ferrous Industries Ltd., HDFC Securities Limited, and Nuvama Wealth and Investment Limited: No dealings from October 15, 2025
  • All suspensions are for the purpose of commercial paper redemption
  • Trading members explicitly advised not to deal in these securities from specified dates

Regulatory Changes

No regulatory changes introduced. This is a routine operational notice for scheduled redemptions.

Compliance Requirements

  • Trading members must not deal in the listed commercial papers from their respective no-dealing dates
  • Members must ensure compliance with the record dates set for redemption purposes
  • Adherence to the directive reference numbers (DR-733/2025-2026 through DR-736/2025-2026)

Important Dates

  • October 10, 2025: Record date and no dealings start for Time Technoplast Limited (INE508G14HL6) and PCBL Chemical Limited (INE602A14471)
  • October 13, 2025: Record date and no dealings start for HDFC Securities Limited (INE700G14PA5)
  • October 14, 2025: Record date and no dealings start for Pilani Investment And Industries Corporation Limited (INE417C14AA7)
  • October 15, 2025: Record date and no dealings start for Pilani Investment And Industries Corporation Limited (INE417C14892), Kirloskar Ferrous Industries Ltd. (INE884B14655), HDFC Securities Limited (INE700G14PB3), and Nuvama Wealth and Investment Limited (INE523L14AC9)

Impact Assessment

Market Impact: Medium - Trading suspension affects 8 commercial paper instruments across multiple issuers, temporarily reducing liquidity in the debt market segment. However, this is a routine process tied to scheduled redemptions.

Operational Impact: Trading members must update their systems to prevent trades in these instruments from the specified dates. Investors holding these commercial papers should be aware of the upcoming redemptions and plan accordingly.

Issuer Impact: Routine redemption process for the listed companies; no adverse implications as these are scheduled maturities.

Impact Justification

Routine trading suspensions for commercial paper redemptions affecting multiple issuers with specific no-dealing dates