Description

BSE suspends trading in commercial papers of 8 companies due to upcoming redemption. Trading members advised not to deal in these securities from specified dates in January 2026.

Summary

BSE has announced the suspension of trading in commercial papers of 8 companies effective from January 1-6, 2026. The suspension is due to record dates fixed for redemption purposes. Trading members are advised not to deal in these securities from the specified no-dealings dates.

Key Points

  • 8 companies have fixed record dates for commercial paper redemption
  • Trading suspension applies to debt segment securities
  • No dealings dates range from January 1, 2026 to January 6, 2026
  • Circular reference numbers: DR-789/2025-2026, DR-791/2025-2026, DR-792/2025-2026
  • Notice number: 20251230-24

Regulatory Changes

No regulatory changes. This is a routine operational notice for commercial paper redemptions.

Compliance Requirements

  • Trading members must not deal in the specified commercial papers from the respective no-dealings dates
  • Trading members should update their systems to prevent transactions in these securities from the specified dates

Important Dates

January 1, 2026:

  • Kirloskar Ferrous Industries Ltd. (KFIL-2-1-26-CP, ISIN: INE884B14697) - Record Date and No Dealings Date

January 5, 2026:

  • IndoStar Capital Finance Limited (ICFL-06-01-26-CP, ISIN: INE896L14EY5) - Record Date and No Dealings Date
  • Capri Global Capital Limited (CGCL-6-1-26-CP, ISIN: INE180C14532) - Record Date and No Dealings Date
  • Bajaj Financial Securities Limited (BFSL-06-01-26-CP, ISIN: INE01C314DV5) - Record Date and No Dealings Date

January 6, 2026:

  • Infina Finance Private Limited (IFPL-7-1-26-CP, ISIN: INE879F14KE2) - Record Date and No Dealings Date
  • ECL Finance Limited (ECLFL-07-01-26-PVT, ISIN: INE804I14YB1) - Record Date and No Dealings Date
  • Samvardhana Motherson International Limited (SMIL-07-01-26-CP, ISIN: INE775A14780) - Record Date and No Dealings Date
  • Hindustan Media Ventures Limited (HMVL-7-1-26-CP, ISIN: INE871K14430) - Record Date and No Dealings Date

Impact Assessment

Market Impact: Limited to debt segment participants holding or trading these specific commercial papers. No impact on equity markets.

Operational Impact: Trading members must ensure compliance with suspension directives to avoid regulatory issues. Investors holding these commercial papers will receive redemption proceeds as per the respective terms.

Liquidity Impact: Temporary suspension affects liquidity in these specific instruments, though this is standard procedure for maturing commercial papers approaching redemption dates.

Impact Justification

Routine suspension for commercial paper redemption affecting 8 companies, impacts debt segment trading only