Description

Trading suspended in commercial papers of 8 companies effective from specified dates due to redemption. No dealings allowed from record dates ranging from October 31 to November 7, 2025.

Summary

BSE has announced the suspension of trading in commercial papers of eight companies due to scheduled redemptions. Trading members are advised not to deal in these securities from their respective record dates. The suspensions are effective from October 31, 2025 to November 7, 2025 depending on the issuer.

Key Points

  • 8 companies have fixed record dates for commercial paper redemption
  • Trading suspension applies from the record date for each security
  • No dealings permitted from specified dates
  • All affected securities are in the debt segment
  • Notice reference numbers DR-747 through DR-751 for 2025-2026

Regulatory Changes

No regulatory changes announced. This is a standard operational circular for scheduled commercial paper redemptions.

Compliance Requirements

  • Trading members must not execute any trades in the listed commercial papers from their respective “No Dealings From” dates
  • Members must ensure compliance with suspension dates to avoid settlement issues
  • Adherence to record date restrictions is mandatory

Important Dates

  • October 31, 2025: L&T Metro Rail (Hyderabad) Limited (INE128M14AQ5) - Trading suspended
  • November 3, 2025: Can Fin Homes Ltd. (INE477A14DZ6) - Trading suspended
  • November 6, 2025: NUVAMA Clearing Services Limited (INE525L14133) - Trading suspended
  • November 6, 2025: Tata Steel Limited (INE081A14GB0) - Trading suspended
  • November 7, 2025: Infina Finance Private Limited (INE879F14JW6) - Trading suspended
  • November 7, 2025: UGRO Capital Limited (INE583D14584) - Trading suspended (Record date: Nov 9)
  • November 7, 2025: Tata Power Co. Ltd (INE245A14KB3) - Trading suspended
  • November 7, 2025: Bajaj Financial Securities Limited (INE01C314CZ8) - Trading suspended

Impact Assessment

Market Impact: Medium - affects liquidity in specific commercial paper instruments but is part of normal redemption cycle.

Operational Impact: Trading members holding these securities must ensure no trades are executed post-suspension dates. Investors holding these instruments should be aware of the redemption schedule.

Investor Impact: Holders of these commercial papers will receive redemption proceeds as per the terms. No secondary market exit available from the suspension dates.

Impact Justification

Affects trading in commercial papers of 8 companies with specific suspension dates. Impact limited to debt market participants holding or trading these specific instruments.