Description

Trading suspension for commercial papers of 7 companies due to redemption with record dates on December 29-30, 2025.

Summary

BSE has suspended trading in commercial papers of 7 companies effective December 29-30, 2025, due to upcoming redemption. Trading members are advised not to deal in these securities from the specified dates.

Key Points

  • 7 commercial paper securities suspended from trading
  • 5 securities have no dealings from December 29, 2025
  • 2 securities have no dealings from December 30, 2025
  • Suspensions linked to record dates for redemption purposes
  • Notice issued under Debt Segment Corporate Actions category

Affected Securities

No Dealings from December 29, 2025:

  • Dolat Algotech Limited (DAL-30-12-25-CP, ISIN: INE966A14025, Code: 728539)
  • Muthoot Fincorp Limited (MFL-14-1-26-CP, ISIN: INE549K14BU6, Code: 728611)
  • Navi Finserv Limited (NFL-30-12-25-CP, ISIN: INE342T14DI8, Code: 729755)
  • Kalpataru Projects International Limited (KPIL-30-12-25-CP, ISIN: INE220B14BM0, Code: 730403)
  • J.K. Cement Ltd (JKCL-30-12-25-CP, ISIN: INE823G14AZ4, Code: 730469)

No Dealings from December 30, 2025:

  • Navi Finserv Limited (NFl-31-12-25-CP, ISIN: INE342T14DJ6, Code: 729775)
  • Nuvama Wealth Finance Limited (NWFL-31-12-25-CP, ISIN: INE918K14CS5, Code: 730358)

Regulatory Changes

No new regulatory changes introduced. This is a standard operational circular implementing existing procedures for commercial paper redemption.

Compliance Requirements

  • Trading members must not execute trades in the listed commercial papers from their respective suspension dates
  • Members must ensure compliance with the no-dealings restriction for affected securities
  • Record date compliance for redemption processing

Important Dates

  • Circular Date: December 24, 2025
  • Record Date (Batch 1): December 29, 2025
  • No Dealings From (Batch 1): December 29, 2025
  • Record Date (Batch 2): December 30, 2025
  • No Dealings From (Batch 2): December 30, 2025
  • Redemption Purpose: As per individual CP terms

Impact Assessment

Market Impact: Medium - affects specific debt market participants holding these commercial papers. Limited broader market impact as suspensions are instrument-specific and related to scheduled redemptions.

Investor Impact: Holders of these commercial papers cannot trade them from the suspension dates but will receive redemption proceeds as scheduled.

Operational Impact: Trading members must update systems to block trading in these 7 securities from their respective suspension dates to ensure compliance.

Impact Justification

Affects specific commercial paper instruments with near-term redemption dates; impacts debt market participants holding these securities but limited to specific issuers