Description
BSE suspends trading in commercial papers of six companies including Standard Chartered Securities, PVR INOX, and Kirloskar Ferrous Industries due to upcoming redemptions between December 9-11, 2025.
Summary
BSE has announced the suspension of trading in commercial papers of six companies effective from their respective record dates set for redemption purposes. Trading members are instructed not to deal in these specific commercial papers from December 9-11, 2025.
Key Points
- Six commercial paper securities suspended for trading due to redemption
- Standard Chartered Securities (India) Limited: Two CPs maturing December 10-11, 2025
- PVR INOX Limited: CP maturing December 12, 2025 (suspension from Dec 11)
- Kirloskar Ferrous Industries Ltd: CP maturing December 12, 2025 (suspension from Dec 11)
- BOBCARD Limited: CP maturing December 12, 2025 (suspension from Dec 11)
- Kotak Mahindra Prime Limited: CP maturing December 12, 2025 (suspension from Dec 11)
- All suspensions are for redemption purposes at maturity
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 their respective “No Dealings From” dates
- Members must ensure compliance with suspension directives for all six securities listed
- Record dates must be observed for redemption processing
Important Dates
| Company | ISIN | Record Date | Trading Suspension From | Notice Reference |
|---|---|---|---|---|
| Standard Chartered Securities - SCSL-10-12-25-CP | INE472H14623 | December 9, 2025 | December 9, 2025 | DR-773/2025-2026 |
| Standard Chartered Securities - SCSL-11-12-25-CP | INE472H14631 | December 10, 2025 | December 10, 2025 | DR-774/2025-2026 |
| PVR INOX Limited | INE191H14512 | December 11, 2025 | December 11, 2025 | DR-775/2025-2026 |
| Kirloskar Ferrous Industries | INE884B14689 | December 11, 2025 | December 11, 2025 | DR-775/2025-2026 |
| BOBCARD Limited | INE027214910 | December 11, 2025 | December 11, 2025 | DR-775/2025-2026 |
| Kotak Mahindra Prime Limited | INE916D146D7 | December 11, 2025 | December 11, 2025 | DR-775/2025-2026 |
Impact Assessment
Market Impact: Low - affects only specific commercial paper instruments nearing maturity
Operational Impact: Minimal - routine procedure for debt instrument redemptions
Investor Impact: Limited to holders of these specific commercial papers who will receive redemption proceeds as per terms
Trading Impact: No impact on equity markets or other debt securities; suspensions are temporary and tied to natural maturity cycles of commercial papers
Impact Justification
Routine operational circular for commercial paper redemptions affecting only debt instruments with limited market-wide impact. Standard procedure for record date fixation.