Description

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

Summary

BSE has issued a notice suspending trading in commercial paper (CP) of 12 entities effective from January 29, 2026 to February 6, 2026. The suspension is due to record dates fixed by these companies for redemption of their commercial paper. Trading members are advised not to deal in these securities from the specified dates.

Key Points

  • 12 commercial paper securities suspended from trading
  • Suspensions effective from respective record dates (January 29 - February 5, 2026)
  • Action taken under Debt Market segment
  • Trading members instructed not to deal in these securities
  • Notice issued under Corporate Actions category
  • Reference numbers: DR-808, DR-813, DR-814/2025-2026

Affected Securities

January 29, 2026:

  • Bajaj Financial Securities Limited (BFSL-30-01-26-CP, INE01C314EE9, Code: 730945)

February 4, 2026:

  • Birla Group Holdings Private Limited (BGHPL-5-2-26-CP, INE09OL14GL5, Code: 728711)
  • Supreme Industries Ltd. (SIL-5-2-26-CP, INE195A14CD3, Code: 730523)

February 5, 2026:

  • Pilani Investment And Industries Corporation Limited (PIAICL-06-02-26-CP, INE417C14868, Code: 728718)
  • Motilal Oswal Financial Services Limited (MOFSL-6-2-26-CP, INE338I14JF2, Code: 728727)
  • Birla Group Holdings Private Limited (BGHPL-6-2-26-CP, INE09OL14GM3, Code: 728737)
  • ICICI Securities Limited (ISL-6-2-26-CP, INE763G14XA7, Code: 728744)
  • Axis Finance Limited (AXFL-6-2-26-CP, INE891K14OW1, Code: 729145)
  • SBICAP Securities Limited (SSL-6-2-26-CP, INE212K14CP9, Code: 730500)
  • Bajaj Financial Securities Limited (BFSL-6-2-26-CP, INE01C314DE1, Code: 730517)
  • National Bank for Agriculture and Rural Development (NBAR-6-2-26-CP, INE261F14ON6, Code: 730524)
  • Nexus Select Trust (NST-6-2-26-CP, INE0NDH14098, Code: 730527)

Regulatory Changes

No new regulatory changes introduced. This circular implements existing provisions for suspension of trading in debt securities prior to redemption.

Compliance Requirements

  • Trading Members: Must not execute any trades in the specified commercial paper securities from the respective “No Dealings From” dates
  • Brokers: Should update client systems to prevent trading in suspended securities
  • Market Participants: Must be aware of suspension dates to avoid failed transactions

Important Dates

  • January 29, 2026: Record date and trading suspension for 1 security (Bajaj Financial Securities)
  • February 4, 2026: Record date and trading suspension for 2 securities (Birla Group Holdings, Supreme Industries)
  • February 5, 2026: Record date and trading suspension for 9 securities (multiple issuers)
  • Notice Date: January 28, 2026

Impact Assessment

This is a routine operational matter with limited market impact. The suspension affects commercial paper nearing maturity, which is standard market practice. Investors holding these securities will receive redemption proceeds as per the terms of issuance. No trading disruption expected as these are scheduled redemptions. The diversity of issuers (financial services, industrial, infrastructure, real estate trusts) indicates normal market activity across sectors. Trading members must update their systems to prevent inadvertent trades during the suspension period.

Impact Justification

Routine suspension of commercial paper trading ahead of scheduled redemptions affecting 12 securities; limited market-wide impact as this is standard procedure for maturing debt instruments.