Description
BSE notifies suspension of trading in commercial paper of three companies — Kirloskar Ferrous Industries, IGH Holdings Private Limited, and Nexus Select Trust — ahead of their respective redemption record dates in February 2026.
Summary
BSE has directed trading members to cease dealings in the commercial paper (CP) of three companies — Kirloskar Ferrous Industries Ltd., IGH Holdings Private Limited, and Nexus Select Trust — effective from their respective record dates. The suspensions are in connection with the redemption of these commercial paper instruments under the Debt Market Segment.
Key Points
- Trading in the commercial paper of all three companies must stop from their respective record 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.
- IGH Holdings Private Limited (IGHPL-2-3-26-CP, ISIN: INE02FN14697, Code: 730685) has a record date of 27 February 2026; no dealings permitted from 27/02/2026.
- Nexus Select Trust (NST-3-3-26-CP, ISIN: INE0NDH14122, Code: 730702) has a record date of 27 February 2026; no dealings permitted from 27/02/2026.
- The circular is issued under notice numbers DR-828/2025-2026 (Kirloskar Ferrous) and DR-830/2025-2026 (IGH Holdings and Nexus Select Trust).
Regulatory Changes
No new regulatory changes. This is a routine operational notice under existing BSE rules governing commercial paper trading suspensions ahead of redemption record dates.
Compliance Requirements
- Trading members must immediately stop dealing in the commercial paper instruments listed above from their respective no-dealings dates.
- Members should update their systems to block transactions in ISINs INE884B14713, INE02FN14697, and INE0NDH14122 from the effective suspension dates.
Important Dates
| Company | ISIN | Code | Record Date | No Dealings From |
|---|---|---|---|---|
| Kirloskar Ferrous Industries Ltd. | INE884B14713 | 730673 | 25 Feb 2026 | 25 Feb 2026 |
| IGH Holdings Private Limited | INE02FN14697 | 730685 | 27 Feb 2026 | 27 Feb 2026 |
| Nexus Select Trust | INE0NDH14122 | 730702 | 27 Feb 2026 | 27 Feb 2026 |
Impact Assessment
Impact is limited to debt market participants holding or trading these specific commercial paper instruments. The suspensions are short-term and routine, triggered by imminent redemptions. Investors holding these CPs will receive redemption proceeds on or after the respective record dates. No impact on equity trading or broader market operations is expected.
Impact Justification
Routine suspension of trading in commercial paper ahead of scheduled redemptions; affects only debt segment instruments of three specific issuers with near-term record dates.