Description

BSE revises ex-dates for corporate actions on debt securities from January 15 to January 14, 2026 due to trading holiday for municipal corporation elections in Maharashtra.

Summary

BSE has revised the ex-dates for corporate actions on 15 debt securities from January 15, 2026 to January 14, 2026, following the declaration of a trading holiday on January 15, 2026 for municipal corporation elections in Maharashtra. The revision affects commercial paper (CP) redemptions and non-convertible debenture (NCD) interest payments and redemptions 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 applies to securities with record date of January 15, 2026
  • Affects both commercial paper redemptions and NCD interest/redemption payments
  • Change necessitated by trading holiday on January 15, 2026 for Maharashtra municipal elections
  • All affected securities moved to settlement DR-798/2025-2026

Affected Securities

Commercial Paper Redemptions:

  • 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)

NCD Interest Payment and/or Redemption:

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

Compliance Requirements

  • Trading members must note the revised ex-dates for all 15 debt securities listed
  • Members must ensure corporate action processing reflects the new ex-date of January 14, 2026
  • Record date remains unchanged at January 15, 2026 for all affected securities
  • Settlement processing to be aligned with 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: DR-798/2025-2026

Impact Assessment

Market Impact: Medium - The one-day advancement of ex-dates affects trading and settlement timelines for debt market participants holding or trading these securities. Investors must be in position by January 14 instead of January 15 to be eligible for corporate actions.

Operational Impact: Trading members and custodians need to update their systems and processes to reflect the revised ex-dates, particularly for automated corporate action processing. The compressed timeline may require expedited communication with clients regarding eligibility changes.

Investor Impact: Investors intending to participate in these corporate actions must ensure positions are established by the revised ex-date of January 14, 2026, one day earlier than originally scheduled.

Impact Justification

Time-sensitive revision affecting 15 debt securities with ex-dates moved forward by one day due to trading holiday, impacting corporate action eligibility for debt market participants