Description

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

Summary

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

Key Points

  • 8 companies’ commercial paper affected by trading suspension
  • Notice Number: 20251008-17
  • Category: Corporate Actions - Debt Segment
  • Trading members must cease dealing from the “No Dealings From” date
  • Record dates set for redemption purposes

Companies Affected

  1. Technoplast Limited (INE508G14HL6) - Record Date: 10/10/2025, No dealings from: 10/10/2025
  2. PCBL Chemical Limited (INE602A14471) - Record Date: 10/10/2025, No dealings from: 10/10/2025
  3. HDFC Securities Limited (INE700G14PA5) - Record Date: 13/10/2025, No dealings from: 13/10/2025
  4. Pilani Investment And Industries Corporation Limited (INE417C14AA7) - Record Date: 14/10/2025, No dealings from: 14/10/2025
  5. Pilani Investment And Industries Corporation Limited (INE417C14892) - Record Date: 15/10/2025, No dealings from: 15/10/2025
  6. Kirloskar Ferrous Industries Ltd. (INE884B14655) - Record Date: 15/10/2025, No dealings from: 15/10/2025
  7. HDFC Securities Limited (INE700G14PB3) - Record Date: 15/10/2025, No dealings from: 15/10/2025
  8. Nuvama Wealth and Investment Limited (INE523L14AC9) - Record Date: 15/10/2025, No dealings from: 15/10/2025

Compliance Requirements

  • Trading members must not execute any trades in the specified commercial paper from the respective “No Dealings From” dates
  • Adherence to record date requirements for redemption purposes
  • Compliance with circulars DR-733/2025-2026 through DR-736/2025-2026

Important Dates

  • October 10, 2025: Trading suspension for Technoplast and PCBL Chemical
  • October 13, 2025: Trading suspension for HDFC Securities (first issuance)
  • October 14, 2025: Trading suspension for Pilani Investment (first issuance)
  • October 15, 2025: Trading suspension for Pilani Investment (second issuance), Kirloskar Ferrous, HDFC Securities (second issuance), and Nuvama Wealth

Impact Assessment

This circular has limited market-wide impact as it affects specific commercial paper instruments scheduled for redemption. The suspension is a routine corporate action in the debt market segment. Investors holding these commercial papers will receive redemption proceeds as per the terms. Trading members dealing in debt securities must update their systems to prevent inadvertent trading in these suspended instruments.

Impact Justification

Routine suspension for commercial paper redemptions affecting 8 companies, primarily impacts debt market participants