Description

BSE suspends trading in commercial paper of 12 issuers due to redemption with record dates between January 29 and February 6, 2026.

Summary

BSE has announced the suspension of trading in commercial paper (CP) instruments of 12 companies due to scheduled redemptions. Trading members are advised not to deal in these instruments from their respective no-dealings dates, which range from January 29 to February 6, 2026.

Key Points

  • 12 commercial paper instruments suspended for trading due to redemption
  • Record dates set between January 29 and February 6, 2026
  • Trading suspension effective from respective record dates
  • Issuers include financial institutions, NBFCs, and corporate entities
  • Notice issued under reference numbers DR-808 through DR-814 for 2025-2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must not deal in the specified commercial paper instruments from the no-dealings dates
  • Trading members should update their systems to reflect the trading suspension
  • Ensure clients are informed about the suspension and redemption schedule

Important Dates

  • January 29, 2026: Bajaj Financial Securities Limited (BFSL-30-01-26-CP) - Record date and no dealings from date
  • February 4, 2026: birla Group Holdings Private Limited (BGHPL-5-2-26-CP) and Supreme Industries Ltd. (SIL-5-2-26-CP) - Record date and no dealings from date
  • February 5, 2026: 9 instruments including Pilani Investment, Motilal Oswal Financial Services, birla Group Holdings, ICICI Securities, Axis Finance, SBICAP Securities, Bajaj Financial Securities, NABARD, and Nexus Select Trust - Record date and no dealings from date

Impact Assessment

Market Impact: Limited to debt segment participants holding or trading these specific commercial paper instruments. The suspension is temporary and related to normal redemption processes.

Operational Impact: Trading members must ensure compliance with the no-dealings restriction from the specified dates. Investors holding these instruments will receive redemption proceeds as per the terms of the commercial paper.

Affected Entities: Financial services companies, NBFCs, industrial corporations, and investment trusts with maturing commercial paper. The concentration on February 5, 2026 (9 instruments) represents the peak redemption date.

Impact Justification

Affects 12 commercial paper instruments in debt segment with redemptions scheduled over 8-day period. Trading members advised to suspend dealings.