Description
BSE suspends trading in commercial paper of 8 companies due to upcoming redemption dates between October 10-15, 2025.
Summary
BSE has issued a trading suspension notice for commercial paper of 8 companies that have fixed record dates for redemption purposes. Trading members are advised not to deal in these commercial papers from the specified dates ranging from October 10-15, 2025.
Key Points
- 8 companies have commercial paper redemptions scheduled
- Trading suspension applies from the record date for each security
- Technoplast Limited and PCBL Chemical Limited: No dealings from October 10, 2025
- HDFC Securities Limited: No dealings from October 13, 2025 (first CP)
- Pilani Investment And Industries Corporation Limited: No dealings from October 14, 2025 (first CP)
- Pilani Investment, Kirloskar Ferrous, HDFC Securities, and Nuvama Wealth: No dealings from October 15, 2025
- Notice issued under Corporate Actions category for Debt segment
Regulatory Changes
No regulatory changes. This is a standard operational notice for commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from the indicated dates
- Members must observe the trading suspension for each ISIN code from respective record dates
- Compliance with DR (Dealing Restriction) circulars: DR-733, DR-734, DR-735, DR-736 for 2025-2026
Important Dates
- October 10, 2025: Record date and trading suspension for Technoplast Limited (INE508G14HL6) and PCBL Chemical Limited (INE602A14471)
- October 13, 2025: Record date and trading suspension for HDFC Securities Limited (INE700G14PA5)
- October 14, 2025: Record date and trading suspension for Pilani Investment And Industries Corporation Limited (INE417C14AA7)
- October 15, 2025: Record date and trading suspension for Pilani Investment (INE417C14892), Kirloskar Ferrous (INE884B14655), HDFC Securities (INE700G14PB3), and Nuvama Wealth (INE523L14AC9)
Impact Assessment
Market Impact: Medium - affects liquidity in commercial paper of 8 companies during redemption period
Operational Impact: Trading members must update their systems to prevent dealing in these securities from specified dates. The staggered redemption dates (October 10-15) require careful tracking of individual restrictions.
Investor Impact: Holders of these commercial papers should note redemption dates. No trading will be possible from record dates, ensuring clean settlement for redemption process.
Impact Justification
Routine trading suspension for commercial paper redemptions affecting multiple companies, impacts debt market participants but follows standard procedure