Description

BSE suspends trading in commercial paper of 11 companies due to upcoming redemption with record dates ranging from January 29 to February 5, 2026.

Summary

BSE has announced the suspension of trading in commercial paper (CP) of 11 companies due to upcoming redemption. Trading members are advised not to deal in these securities from their respective no-dealings dates, which range from January 29, 2026 to February 5, 2026. The suspensions are necessitated by fixed record dates for redemption purposes.

Key Points

  • Trading suspension affects commercial paper of 11 different issuers
  • Record dates fixed for redemption purposes range from January 29 to February 5, 2026
  • Trading members must not deal in these securities from the specified no-dealings dates
  • All suspensions are in the Debt segment under Corporate Actions category
  • Notice issued under reference numbers DR-808 to DR-813 for 2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification for commercial paper redemption.

Compliance Requirements

  • Trading members must cease all dealings in the specified commercial paper from the respective no-dealings dates
  • Members must ensure their systems reflect the trading suspension for the listed securities
  • No transactions should be executed in these instruments from the specified dates

Important Dates

January 29, 2026:

  • Kirloskar Ferrous Industries Ltd. (INE884B14705) - Record date and no dealings from date

January 30, 2026:

  • Credila Financial Services Limited (INE539K14BV5) - Record date and no dealings from date

February 3, 2026:

  • PCBL Chemical Limited (INE602A14489) - Record date and no dealings from date

February 4, 2026:

  • IndoStar Capital Finance Limited (INE896L14EO6)
  • Kotak Mahindra Prime Limited (INE916D144U6)
  • SIKKA PORTS & TERMINALS LTD (INE941D14733)
  • ICICI HOME FINANCE COMPANY LIMITED (INE071G14HE0)
  • KEC International Ltd. (INE389H14LO5)
  • Aditya Birla Housing Finance Limited (INE831R14FJ7)
  • Larsen & Toubro Limited (INE018A14LS6)
  • Nexus Select Trust (INE0NDH14106)
  • All with record date and no dealings from February 4, 2026

Impact Assessment

Market Impact: Medium - affects debt market liquidity for 11 commercial paper instruments. The majority of suspensions (8 out of 11) occur on February 4, 2026.

Operational Impact: Trading members must update their systems to prevent inadvertent trading in these securities. The staggered suspension dates require careful monitoring.

Investor Impact: Holders of these commercial papers will receive redemption proceeds as per the terms. No trading opportunity available from the no-dealings dates until redemption is completed.

Sector Distribution: Affects diverse sectors including manufacturing, financial services, infrastructure, housing finance, and real estate investment trusts.

Impact Justification

Routine trading suspension for commercial paper redemption affecting 11 issuers with specific no-dealings dates