Description
BSE notifies suspension of trading in commercial papers of three companies — Kirloskar Ferrous Industries, IGH Holdings Private Limited, and Nexus Select Trust — ahead of their respective redemption record dates in late February 2026.
Summary
BSE has issued Notice No. 20260223-32 directing trading members to suspend dealings in the commercial papers of three companies — Kirloskar Ferrous Industries Ltd., IGH Holdings Private Limited, and Nexus Select Trust — as these companies have fixed record dates for redemption of their respective commercial paper instruments.
Key Points
- Trading members are advised not to deal in the commercial papers of the three listed companies effective from their respective ‘No Dealings From’ dates.
- Kirloskar Ferrous Industries Ltd. (KFIL-26-2-26-CP, ISIN: INE884B14713, Code: 730673) has a record date of 25 February 2026 for redemption; no dealings permitted from 25/02/2026 under DR-828/2025-2026.
- IGH Holdings Private Limited (IGHPL-2-3-26-CP, ISIN: INE02FN14697, Code: 730685) has a record date of 27 February 2026 for redemption; no dealings permitted from 27/02/2026 under DR-830/2025-2026.
- Nexus Select Trust (NST-3-3-26-CP, ISIN: INE0NDH14122, Code: 730702) has a record date of 27 February 2026 for redemption; no dealings permitted from 27/02/2026 under DR-830/2025-2026.
Regulatory Changes
No new regulatory changes. This is a routine operational notice under existing BSE debt market regulations governing suspension of commercial paper trading ahead of redemption record dates.
Compliance Requirements
- Trading members must cease all dealings in the commercial papers of the three named companies from their respective ‘No Dealings From’ dates.
- Compliance is required under the DR references: DR-828/2025-2026 (Kirloskar Ferrous) and DR-830/2025-2026 (IGH Holdings and Nexus Select Trust).
Important Dates
| Company | ISIN | Code | Record Date | No Dealings From |
|---|---|---|---|---|
| Kirloskar Ferrous Industries Ltd. | INE884B14713 | 730673 | 25/02/2026 | 25/02/2026 |
| IGH Holdings Private Limited | INE02FN14697 | 730685 | 27/02/2026 | 27/02/2026 |
| Nexus Select Trust | INE0NDH14122 | 730702 | 27/02/2026 | 27/02/2026 |
Impact Assessment
The suspension is limited to the specific commercial paper instruments of three issuers and does not affect their equity or other listed securities. Trading members holding or transacting in these CPs must ensure compliance by the respective record dates. The impact is confined to debt market participants and is standard practice preceding CP redemption events.
Impact Justification
Routine suspension of commercial paper trading ahead of scheduled redemptions; affects only specific debt instruments of three issuers with near-term record dates.