Description
BSE suspends trading in commercial papers of six companies due to upcoming redemption with record dates from December 9-11, 2025.
Summary
BSE has issued Notice No 20251205-20 suspending trading in commercial papers of six companies effective December 9-11, 2025. The suspension is due to record dates fixed for redemption of these commercial papers. Trading members are advised not to deal in the specified commercial papers from their respective no-dealing dates.
Key Points
- Six companies have fixed record dates for commercial paper redemption
- Trading suspension applies to specific ISIN codes for each company’s commercial paper
- No dealings permitted from the specified dates for each security
- Notice issued under Debt segment Corporate Actions category
- Trading members must cease dealing from respective suspension dates
Regulatory Changes
No regulatory changes introduced. This is a routine operational notice for commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the specified commercial papers from the no-dealing dates
- Adherence to suspension applies to the following securities:
- Standard Chartered Securities (India) Limited - Two CPs (SCSL-10-12-25-CP and SCSL-11-12-25-CP)
- PVR Inox Limited (PVRIL-12-12-25-CP)
- Kirloskar Ferrous Industries Ltd (KFIL-12-12-25-CP)
- BOBCARD Limited (BBL-12-12-25-CP)
- Kotak Mahindra Prime Limited (KMPL-12-12-25-CP)
Important Dates
| Company | ISIN | Record Date | No Dealings From |
|---|---|---|---|
| Standard Chartered Securities (India) Limited | INE472H14623 | December 9, 2025 | December 9, 2025 |
| Standard Chartered Securities (India) Limited | INE472H14631 | December 10, 2025 | December 10, 2025 |
| PVR Inox Limited | INE191H14512 | December 11, 2025 | December 11, 2025 |
| Kirloskar Ferrous Industries Ltd | INE884B14689 | December 11, 2025 | December 11, 2025 |
| BOBCARD Limited | INE027214910 | December 11, 2025 | December 11, 2025 |
| Kotak Mahindra Prime Limited | INE916D146D7 | December 11, 2025 | December 11, 2025 |
Impact Assessment
Market Impact: Low - Affects only debt segment commercial paper market
Operational Impact: Minimal - Standard redemption process for commercial papers nearing maturity
Investor Impact: Limited to commercial paper holders of the six specified companies who will receive redemption proceeds on respective record dates
Trading Impact: Temporary suspension of trading in six specific commercial paper ISINs only, not affecting broader market operations
Impact Justification
Routine operational circular for commercial paper redemptions affecting debt segment only, with limited market-wide impact