Description

Trading suspended in commercial papers of 15 companies including Jindal Saw, Muthoot Fincorp, Bajaj Finance, and others due to upcoming redemption with record dates between February 9-12, 2026.

Summary

BSE has suspended trading in commercial papers of 15 companies effective from their respective record dates (February 9-12, 2026) due to scheduled redemptions. Trading members are advised not to deal in these commercial papers from the specified no-dealings dates. The circular affects major financial institutions and corporations including Jindal Saw Ltd., Muthoot Fincorp Limited, Godrej Housing Finance, Bajaj Finance Limited, and others.

Key Points

  • 15 commercial paper instruments suspended from trading
  • Record dates range from February 9, 2026 to February 12, 2026
  • All suspensions are for redemption of commercial paper
  • Trading members explicitly instructed not to deal in these instruments
  • Multiple financial services companies affected including housing finance, NBFCs, and brokerages
  • Notice issued under DR-816/2025-2026, DR-818/2025-2026, and DR-819/2025-2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must cease all dealings in the listed commercial papers from their respective no-dealings dates
  • No buy or sell transactions permitted in these instruments from the specified dates
  • Market participants must ensure proper settlement of existing positions before suspension dates

Important Dates

  • February 9, 2026: Record date and no dealings from date for Jindal Saw Ltd. (INE324A14985)
  • February 11, 2026: Record date and no dealings from date for Muthoot Fincorp Limited (INE549K14BW2)
  • February 12, 2026: Record date and no dealings from date for 13 issuers:
    • Godrej Housing Finance Limited (INE02JD14591)
    • GIC Housing Finance Ltd. (INE289B14JL0)
    • 360 ONE Prime Limited (INE248U14RZ9)
    • Julius Baer Capital (India) Private Limited (INE824H14SV1)
    • Infina Finance Private Limited (INE879F14LW2)
    • DSP Finance Private Limited (INE422H14099)
    • Sharekhan Limited (INE211H14AG0)
    • Manappuram Finance Limited (INE522D14OW7)
    • Bajaj Financial Securities Limited (INE01C314DI2)
    • Network 18 Media & Investments Limited (INE870H14WG7)
    • Aditya Birla Housing Finance Limited (INE831R14FL3)
    • Bajaj Finance Limited (INE296A14D54)
    • J.K. Cement Ltd (INE823G14BD9)

Impact Assessment

Market Impact: Medium - affects debt market participants holding or trading these commercial papers. No impact on equity trading of these companies.

Operational Impact: Routine corporate action with standard operational procedures. Trading members must update their systems to block trading in these instruments.

Investor Impact: Holders of these commercial papers will receive redemption proceeds as per terms. Secondary market liquidity ceases from the no-dealings dates, but this is standard practice for maturing debt instruments.

Sector Impact: Concentration of financial services companies (NBFCs, housing finance, brokerages) indicates normal course redemption activity in the financial sector’s commercial paper market.

Impact Justification

Routine corporate action affecting debt instruments of multiple companies; limited impact on equity markets but important for debt market participants and commercial paper holders