Description

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

Summary

BSE has issued a notice suspending trading in commercial paper of eight companies effective from their respective record dates. The suspensions are required due to scheduled redemptions between October 10-15, 2025. Trading members are advised not to deal in the specified commercial papers from the no dealings dates.

Key Points

  • Eight companies have fixed record dates for commercial paper redemption
  • Trading suspension applies to debt segment only
  • Suspensions range from October 10-15, 2025
  • Notice number: 20251008-17 under Corporate Actions category
  • All suspensions relate to redemption of commercial paper

Affected Securities

October 10, 2025 (No dealings from 10/10/2025):

  • Technoplast Limited (TTL-13-10-25-CP, ISIN: INE508G14HL6, Code: 729207)
  • PCBL Chemical Limited (PCBLCL-13-10-25-CP, ISIN: INE602A14471, Code: 729842)

October 13, 2025 (No dealings from 13/10/2025):

  • HDFC Securities Limited (HSL-14-10-25-CP, ISIN: INE700G14PA5, Code: 729838)

October 14, 2025 (No dealings from 14/10/2025):

  • Pilani Investment And Industries Corporation Limited (PICL-15-10-25-CP, ISIN: INE417C14AA7, Code: 729843)

October 15, 2025 (No dealings from 15/10/2025):

  • Pilani Investment And Industries Corporation Limited (PIICL-16-10-25-CP, ISIN: INE417C14892, Code: 728900)
  • Kirloskar Ferrous Industries Ltd. (KFIL-16-10-25-CP, ISIN: INE884B14655, Code: 729685)
  • HDFC Securities Limited (HSL-16-10-25-CP, ISIN: INE700G14PB3, Code: 729857)
  • Nuvama Wealth and Investment Limited (NWIL-16-10-25-CP, ISIN: INE523L14AC9, Code: 729867)

Regulatory Changes

No new regulatory changes introduced. This is a standard operational notice implementing existing regulations regarding trading suspension prior to commercial paper redemption.

Compliance Requirements

  • Trading members must not execute any trades in the specified commercial papers from their respective no dealings dates
  • Members should update their systems to block trading in these securities from the specified dates
  • Investors holding these commercial papers should note the redemption dates and settlement procedures

Important Dates

  • Notice Date: October 8, 2025
  • First Suspension Date: October 10, 2025 (2 companies)
  • Second Suspension Date: October 13, 2025 (1 company)
  • Third Suspension Date: October 14, 2025 (1 company)
  • Fourth Suspension Date: October 15, 2025 (4 companies)
  • Record Dates: Range from October 10-15, 2025 depending on security

Impact Assessment

Market Impact: Limited and temporary. The suspension affects only commercial paper instruments in the debt segment. These are routine suspensions that occur prior to redemption to facilitate settlement.

Investor Impact: Investors holding these commercial papers will receive redemption proceeds as per the scheduled dates. No trading is permitted from the specified dates, so investors cannot exit positions in these specific instruments.

Operational Impact: Trading members must ensure their systems are updated to prevent inadvertent trades in the suspended securities. The suspensions are short-term and align with standard market practices for debt instrument redemption.

Impact Justification

Affects commercial paper trading for 8 companies but limited to debt segment with specific redemption dates; routine suspension for redemption purposes