Description

BSE announces listing of Commercial Paper worth Rs. 50 crores issued by Solar Defence and Aerospace Limited on private placement basis, effective December 1, 2025.

Summary

BSE has listed new Commercial Paper issued by Solar Defence and Aerospace Limited on private placement basis. The listing comprises 1,000 instruments of face value Rs. 5,00,000 each, totaling Rs. 50 crores, rated ICRA A1+. The securities are admitted to trading on BSE Debt segment with effect from December 1, 2025.

Key Points

  • Issuer: Solar Defence and Aerospace Limited
  • Instrument Type: Commercial Paper (Private Placement)
  • Total Issue Size: Rs. 50 crores (1,000 units × Rs. 5,00,000)
  • Face Value: Rs. 5,00,000 per unit
  • Issue Price: Rs. 4,92,411.50 per unit
  • Credit Rating: ICRA A1+
  • Scrip Code: 730672
  • Scrip ID: SDAL281125
  • ISIN: INE02AL14023
  • Market Lot: 1 unit
  • Trading Mode: Dematerialized form only
  • Issuing and Paying Agent: ICICI Bank Limited

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for new debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE02AL14023
  • Trading shall take place in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size for the securities is 1 paise
  • For clarifications, trading members may contact BSE debt department on 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: November 28, 2025
  • Listing Date: December 1, 2025
  • Redemption Date: February 26, 2026
  • Tenure: 90 days (approximately 3 months)

Impact Assessment

This listing has minimal market-wide impact and represents routine corporate treasury operations. The commercial paper provides short-term funding for Solar Defence and Aerospace Limited at competitive rates (approximately 6.1% annualized discount yield based on issue price). The ICRA A1+ rating indicates high credit quality and adequate degree of safety regarding timely payment. The listing expands the debt market inventory but is not expected to affect broader market dynamics. Impact is limited to debt market participants interested in short-term, highly-rated corporate debt instruments.

Impact Justification

Routine commercial paper listing with standard terms, limited market-wide impact, relevant primarily to debt market participants and the specific issuer