Description

BSE revises ex-dates for corporate actions on debt securities from January 15, 2026 to January 14, 2026 due to trading holiday, affecting 15 debt instruments including CPs and NCDs.

Summary

BSE has revised the ex-dates for corporate actions on 15 debt securities from January 15, 2026 to January 14, 2026 due to a trading holiday on January 15, 2026. This revision affects commercial papers (CPs) and non-convertible debentures (NCDs) scheduled for redemption and/or interest payments with a record date of January 15, 2026. The revised ex-settlement number is DR-798/2025-2026.

Key Points

  • Ex-dates revised from January 15, 2026 to January 14, 2026 for 15 debt securities
  • Revision necessitated by trading holiday on January 15, 2026
  • Affects 6 commercial papers (CPs) scheduled for redemption
  • Affects 9 non-convertible debentures (NCDs) for interest payment and/or redemption
  • All affected securities have record date of January 15, 2026
  • Revised ex-settlement number: DR-798/2025-2026
  • Trading members must update their systems accordingly

Affected Securities

Commercial Papers (Redemption):

  • Julius Baer Capital (India) Private Limited (Scrip: 728604)
  • ICICI Securities Limited (Scrip: 728605)
  • Tata Power Co. Ltd (Scrip: 730406)
  • Infina Finance Private Limited (Scrip: 730416)
  • Bajaj Finance Limited (Scrip: 730423)
  • Bajaj Financial Securities Limited (Scrip: 730885)

Non-Convertible Debentures:

  • Kosamattam Finance Limited (Scrip: 936448, 936450) - Interest payment/Redemption
  • Mahindra Rural Housing Finance Limited (Scrip: 974569) - Interest payment/Redemption
  • Aditya Birla Lifestyle Brands Limited (Scrip: 974570) - Interest payment/Redemption
  • Aditya Birla Real Estate Limited (Scrip: 974571) - Interest payment/Redemption
  • Lendingkart Finance Limited (Scrip: 975356, 975172) - Interest payment/Redemption
  • Krazybee Services Ltd (Scrip: 975869) - Interest payment/Redemption
  • Keertana Finserv Limited (Scrip: 976653) - Part Redemption

Regulatory Changes

No new regulatory changes introduced. This is an operational adjustment to existing corporate action schedules necessitated by the declared trading holiday.

Compliance Requirements

  • Trading members must note the revised ex-dates for all affected securities
  • Members should update their systems and records to reflect January 14, 2026 as the new ex-date
  • Members must refer to prior notices: Exchange Notice No. 20260109-67 dated January 09, 2026 and Notice No. 20260112-8 dated January 12, 2026 regarding the settlement/trading holiday
  • Ensure proper settlement processing for revised ex-settlement number DR-798/2025-2026

Important Dates

  • Notice Date: January 12, 2026
  • Original Ex-Date: January 15, 2026
  • Revised Ex-Date: January 14, 2026
  • Record Date: January 15, 2026 (unchanged)
  • Trading Holiday: January 15, 2026
  • Revised Ex-Settlement Number: DR-798/2025-2026

Impact Assessment

Market Impact: Medium - Affects holders and traders of 15 debt securities who must adjust their trading and settlement expectations by one day.

Operational Impact: Trading members dealing in these debt securities need to update their systems to reflect the revised ex-dates. The one-day advancement means investors must hold securities one day earlier (January 14) instead of January 15 to be eligible for redemption proceeds and/or interest payments.

Investor Impact: Investors planning to purchase or sell these securities around the record date must be aware of the revised timeline to ensure eligibility for corporate actions.

Settlement Impact: All settlements will now be processed under the revised ex-settlement number DR-798/2025-2026, requiring coordination between trading members, custodians, and the exchange.

Impact Justification

Operational adjustment affecting 15 debt securities due to trading holiday. Important for debt market participants to note revised ex-dates for redemptions and interest payments to avoid settlement issues.