Description

BSE announces suspension of trading in commercial papers of 15 companies due to upcoming redemption dates between February 9-12, 2026.

Summary

BSE has issued notice for suspension of trading in commercial papers of 15 companies effective from their respective record dates set for redemption purposes. Trading members are advised not to deal in these commercial papers from the specified dates ranging from February 9 to February 12, 2026.

Key Points

  • 15 companies have fixed record dates for commercial paper redemption
  • Trading suspension effective from respective record dates
  • All redemptions scheduled between February 9-12, 2026
  • Trading members must cease dealing in these instruments from suspension dates
  • Notice issued under Corporate Actions category for Debt segment

Affected Companies and Timeline

February 9, 2026:

  • Jindal Saw Ltd. (INE324A14985/730540) - DR-816/2025-2026

February 11, 2026:

  • Muthoot Fincorp Limited (INE549K14BW2/728887) - DR-818/2025-2026

February 12, 2026:

  • Godrej Housing Finance Limited (INE02JD14591/728766)
  • GIC Housing Finance Ltd. (INE289B14JL0/729084)
  • 360 ONE Prime Limited (INE248U14RZ9/729963)
  • Julius Baer Capital (India) Private Limited (INE824H14SV1/730567)
  • Infina Finance Private Limited (INE879F14LW2/730572)
  • DSP Finance Private Limited (INE422H14099/730574)
  • Sharekhan Limited (INE211H14AG0/730577)
  • Manappuram Finance Limited (INE522D14OW7/730578)
  • Bajaj Financial Securities Limited (INE01C314DI2/730582)
  • Network 18 Media & Investments Limited (INE870H14WG7/730584)
  • Aditya Birla Housing Finance Limited (INE831R14FL3/730585)
  • Bajaj Finance Limited (INE296A14D54/730586)
  • J.K. Cement Ltd (INE823G14BD9/730782)
  • All under DR-819/2025-2026

Compliance Requirements

  • Trading members must not execute any trades in the listed commercial papers from their respective suspension dates
  • Members should update their systems to prevent inadvertent trading in suspended instruments
  • Compliance with record date requirements for redemption settlement

Important Dates

  • Notice Date: February 6, 2026
  • First Suspension Date: February 9, 2026 (Jindal Saw)
  • Second Suspension Date: February 11, 2026 (Muthoot Fincorp)
  • Third Suspension Date: February 12, 2026 (13 companies)

Impact Assessment

The suspension affects debt market participants holding or trading commercial papers of these 15 issuers. Impact is limited to specific instruments approaching maturity. The simultaneous redemption of 13 commercial papers on February 12 indicates coordinated issuance cycles among financial services companies. Market liquidity in these specific instruments will cease from suspension dates through redemption completion. No broader market implications expected as this is routine redemption process.

Impact Justification

Affects trading in commercial papers of 15 companies across multiple sectors. Impact limited to debt market participants dealing in these specific instruments.