Description
BSE suspends trading in commercial paper of 14 companies due to upcoming redemption, with record dates between October 29 and November 3, 2025.
Summary
BSE has announced the suspension of trading in commercial paper of 14 companies effective from their respective no-dealings dates. The suspension is due to the companies fixing record dates for redemption of their commercial paper instruments. Trading members are advised not to deal in these securities from the specified dates.
Key Points
- 14 companies have fixed record dates for commercial paper redemption
- Trading suspension begins 1-2 days before respective record dates
- Two companies (Balrampur Chini Mills Ltd. and LGT Capital Markets Private Limited) have suspension starting October 29, 2025
- Remaining 12 companies have suspension starting November 3, 2025
- Circular reference numbers: DR-745/2025-2026 and DR-748/2025-2026
- Affects debt market segment only
- Trading members explicitly instructed not to deal in these instruments
Regulatory Changes
No regulatory changes introduced. This is a routine corporate action notification following existing procedures for commercial paper redemption.
Compliance Requirements
- Trading members must not execute any trades in the specified commercial paper instruments from their respective no-dealings dates
- Members must ensure their trading systems reflect the suspension status for:
- BCML-30-10-25-CP (ISIN: INE119A14872, Code: 730053)
- LCMPL-30-10-25-CP (ISIN: INE0UQH14012, Code: 730333)
- KMPL-5-11-25-CP (ISIN: INE916D144I1, Code: 728232)
- N18MIL-04-11-25-CP (ISIN: INE870H14VO3, Code: 729960)
- ISPDL-04-11-25-CP (ISIN: INE849D14HV0, Code: 729961)
- MAFSIPL-04-11-25-CP (ISIN: INE0JRU14248, Code: 729962)
- NFL-4-11-25-CP (ISIN: INE342T14DX7, Code: 729965)
- OPL-4-11-25-CP (ISIN: INE248U14SA0, Code: 729968)
- SIL-4-11-25-CP (ISIN: INE195A14CB7, Code: 729970)
- OWL-4-11-25-CP (ISIN: INE466L14EQ3, Code: 729971)
- IOCL-04-11-25-CP (ISIN: INE242A14YF2, Code: 729979)
- RL-4-11-25-CP (ISIN: INE891D14A20, Code: 729985)
- KPIL-04-11-25-CP (ISIN: INE220B14BL2, Code: 729986)
- MLDL-4-11-25-CP (ISIN: INE813A14342, Code: 729997)
Important Dates
October 29, 2025:
- Record Date for Balrampur Chini Mills Ltd. and LGT Capital Markets Private Limited
- No dealings from: October 29, 2025
November 3, 2025:
- Record Date for remaining 12 companies (Kotak Mahindra Prime Limited, Network 18 Media & Investments Limited, ICICI Securities Primary Dealership Limited, Mirae Asset Financial Services (India) Private Limited, Navi Finserv Limited, 360 ONE Prime Limited, Supreme Industries Ltd., 360 ONE WAM Limited, Indian Oil Corporation Ltd., Redington Limited, Kalpataru Projects International Limited, Mahindra Lifespace Developers Ltd.)
- No dealings from: November 3, 2025
Impact Assessment
Market Impact: Medium - affects debt market participants holding or trading these specific commercial paper instruments. No impact on equity markets.
Operational Impact: Trading desks dealing in short-term debt instruments must update their systems and suspend orders for these 14 commercial paper securities. Investors holding these instruments will receive redemption proceeds as per the redemption schedule.
Investor Impact: Limited to holders of the specific commercial paper who will receive redemption payments. Secondary market liquidity for these instruments ceases from the no-dealings date, which is standard practice for maturing debt securities.
Companies Affected: Diverse sectors including sugar manufacturing (Balrampur Chini), financial services (Kotak Mahindra Prime, ICICI Securities, Mirae Asset, Navi Finserv, 360 ONE entities, LGT Capital), media (Network 18), manufacturing (Supreme Industries), oil & gas (Indian Oil), IT distribution (Redington), infrastructure (Kalpataru Projects), and real estate (Mahindra Lifespace).
Impact Justification
Routine suspension affecting 14 commercial paper instruments prior to redemption; standard corporate action with limited market-wide impact but important for debt market participants