Description
BSE suspends trading in commercial papers of 8 companies due to upcoming redemptions with record dates between January 1-6, 2026.
Summary
BSE has issued a suspension notice for trading in commercial papers of 8 companies effective from their respective record dates in early January 2026. The suspensions are due to scheduled redemptions of commercial papers, with record dates ranging from January 1 to January 6, 2026. Trading members are advised not to deal in these specific commercial papers from the no-dealings date onwards.
Key Points
- 8 companies have fixed record dates for commercial paper redemption
- Suspensions effective from January 1-6, 2026 depending on the security
- Trading members must cease dealing in these commercial papers from respective no-dealings dates
- Notice issued under Corporate Actions category for Debt segment
- All affected securities have specific ISIN codes and BSE codes listed
Regulatory Changes
No regulatory framework changes. This is a standard operational notice for scheduled commercial paper redemptions.
Compliance Requirements
- Trading members must not deal in the listed commercial papers from their respective no-dealings dates
- Members should update their systems to reflect trading suspension for these 8 commercial paper ISINs
- Compliance with record date requirements for redemption purposes
Important Dates
| Company | ISIN | Record Date | No Dealings From |
|---|---|---|---|
| Kirloskar Ferrous Industries Ltd. | INE884B14697 | 01/01/2026 | 01/01/2026 |
| IndoStar Capital Finance Limited | INE896L14EY5 | 05/01/2026 | 05/01/2026 |
| Capri Global Capital Limited | INE180C14532 | 05/01/2026 | 05/01/2026 |
| Bajaj Financial Securities Limited | INE01C314DV5 | 05/01/2026 | 05/01/2026 |
| Infina Finance Private Limited | INE879F14KE2 | 06/01/2026 | 06/01/2026 |
| ECL Finance Limited | INE804I14YB1 | 06/01/2026 | 06/01/2026 |
| Samvardhana Motherson International Limited | INE775A14780 | 06/01/2026 | 06/01/2026 |
| Hindustan Media Ventures Limited | INE871K14430 | 06/01/2026 | 06/01/2026 |
Impact Assessment
Market Impact: Limited to debt market participants holding or trading these specific commercial papers. No impact on equity markets or broader debt market operations.
Operational Impact: Trading members dealing in these commercial papers must halt trading activities from the specified dates. Investors holding these securities will receive redemption proceeds as per the redemption schedule.
Investor Impact: Holders of these commercial papers should prepare for redemption proceeds. The suspension prevents new market transactions but does not affect the redemption process for existing holders.
Impact Justification
Routine suspension affecting 8 commercial papers for redemption purposes. Standard corporate action with limited market-wide impact, affecting only specific debt instruments.