Description

BSE suspends trading in commercial papers of six companies due to upcoming redemption, effective from their respective record dates between December 9-11, 2025.

Summary

BSE has issued notice DR-773 to DR-775/2025-2026 announcing the suspension of trading in commercial papers of six companies due to scheduled redemptions. Trading members are advised not to deal in these instruments from their respective record dates.

Key Points

  • Six commercial paper instruments to be suspended from trading
  • Suspensions tied to redemption record dates between December 9-11, 2025
  • Trading members instructed to cease dealing from specified dates
  • Notice issued on December 5, 2025 by Assistant Vice President – Listing Compliance and Operations

Affected Securities

Standard Chartered Securities (India) Limited (SCSL-10-12-25-CP)

  • ISIN: INE472H14623 (Code: 729632)
  • Record Date: December 9, 2025
  • No dealings from: December 9, 2025

Standard Chartered Securities (India) Limited (SCSL-11-12-25-CP)

  • ISIN: INE472H14631 (Code: 729652)
  • Record Date: December 10, 2025
  • No dealings from: December 10, 2025

PVR INOX Limited (PVRIL-12-12-25-CP)

  • ISIN: INE191H14512 (Code: 729291)
  • Record Date: December 11, 2025
  • No dealings from: December 11, 2025

Kirloskar Ferrous Industries Ltd. (KFIL-12-12-25-CP)

  • ISIN: INE884B14689 (Code: 730240)
  • Record Date: December 11, 2025
  • No dealings from: December 11, 2025

BOBCARD Limited (BBL-12-12-25-CP)

  • ISIN: INE027214910 (Code: 730678)
  • Record Date: December 11, 2025
  • No dealings from: December 11, 2025

Kotak Mahindra Prime Limited (KMPL-12-12-25-CP)

  • ISIN: INE916D146D7 (Code: 730689)
  • Record Date: December 11, 2025
  • No dealings from: December 11, 2025

Compliance Requirements

  • Trading members must cease all dealings in the specified commercial papers from their respective “no dealings” dates
  • Members should update their systems to prevent inadvertent trading in these instruments
  • Ensure compliance with record date requirements for redemption processing

Important Dates

  • Notice Date: December 5, 2025
  • First Suspension: December 9, 2025 (SCSL-10-12-25-CP)
  • Second Suspension: December 10, 2025 (SCSL-11-12-25-CP)
  • Multiple Suspensions: December 11, 2025 (PVRIL, KFIL, BBL, KMPL)

Impact Assessment

This is a routine corporate action affecting the debt market segment. The suspension ensures orderly redemption of commercial papers and prevents trading complications around record dates. Trading members holding these instruments should prepare for redemption procedures. The impact is limited to holders of these specific commercial papers and does not indicate broader market concerns.

Impact Justification

Routine trading suspension for commercial paper redemption affecting multiple issuers with specific near-term deadlines