Description

BSE notifies trading members of suspension of trading in commercial papers of 15 companies with record dates between February 27 and March 4, 2026, for redemption purposes.

Summary

BSE has issued Notice No. 20260225-43 directing trading members to suspend dealings in commercial papers of 15 companies ahead of their respective record dates for redemption. The suspensions are effective from February 27, 2026 and March 4, 2026 depending on the company.

Key Points

  • Trading members are advised not to deal in the commercial papers of the listed companies from the specified ‘No Dealings From’ dates.
  • Two companies (Manappuram Finance Limited and Balkrishna Industries Ltd.) have record dates on February 27, 2026.
  • One company (360 ONE WAM LIMITED - OWL-4-3-26-CP) has a record date on March 2, 2026.
  • Twelve companies have record dates on March 4, 2026, covered under DR-832/2025-2026.
  • All suspensions are for the purpose of Redemption of Commercial Paper.

Regulatory Changes

No new regulatory changes introduced. This is a standard operational notice under existing BSE framework for debt segment commercial paper redemptions.

Compliance Requirements

  • Trading members must cease all dealings in the specified commercial paper instruments from the respective ‘No Dealings From’ dates.
  • Affected instruments and their BSE codes are listed below:
    • Manappuram Finance Limited: MFL-2-3-26-CP, INE522D14PB8 (730696) – No dealings from 27/02/2026
    • Balkrishna Industries Ltd.: BIL-2-3-26-CP, INE787D14219 (730703) – No dealings from 27/02/2026
    • 360 ONE WAM LIMITED: OWL-4-3-26-CP, INE466L14FQ0 (730869) – No dealings from 02/03/2026
    • Godrej Finance Limited: GFL-5-3-26-CP, INE02KN14457 (728907) – No dealings from 04/03/2026
    • Birla Group Holdings Private Limited: BGHPL-5-3-26-CP, INE09OL14HF5 (729313) – No dealings from 04/03/2026
    • IGH Holdings Private Limited: IGHPL-5-3-26-CP, INE02FN14705 (730698) – No dealings from 04/03/2026
    • Network 18 Media & Investments Limited: NM-5-3-26-CP, INE870H14WJ1 (730699) – No dealings from 04/03/2026
    • 360 ONE WAM LIMITED: OWL-5-3-26-CP, INE466L14FL1 (730704) – No dealings from 04/03/2026
    • Fedbank Financial Services Limited: FFSL-5-3-26-CP, INE007N14EM0 (730705) – No dealings from 04/03/2026
    • Can Fin Homes Ltd.: CFH-5-3-26-CP, INE477A14EB5 (730707) – No dealings from 04/03/2026
    • KEC International Ltd.: KECIL-5-3-26-CP, INE389H14LQ0 (730708) – No dealings from 04/03/2026
    • Bajaj Finance Limited: BFL-5-3-26-CP, INE296A14D88 (730709) – No dealings from 04/03/2026
    • Grasim Industries Ltd: GIL-05-03-26-CP, INE047A14AP4 (730710) – No dealings from 04/03/2026
    • Nuvama Wealth Finance Limited: NWF-5-3-26-CP, INE918K14CU1 (730719) – No dealings from 04/03/2026
    • Sharekhan Limited: SL-5-3-26-CP, INE211H14AK2 (731007) – No dealings from 04/03/2026

Important Dates

  • February 27, 2026: Record date and no-dealings date for Manappuram Finance Limited and Balkrishna Industries Ltd.
  • March 2, 2026: Record date and no-dealings date for 360 ONE WAM LIMITED (OWL-4-3-26-CP).
  • March 4, 2026: Record date and no-dealings date for remaining 12 companies.
  • Notice issued: February 25, 2026.

Impact Assessment

This circular impacts debt segment participants and trading members active in the commercial paper market. The suspensions are temporary and routine, triggered by upcoming redemption dates. Holders of these instruments should be aware that trading will be suspended from the specified dates. No impact is expected on equity markets. The breadth of issuers — spanning NBFCs, finance companies, and large corporates — reflects normal commercial paper maturity activity for early March 2026.

Impact Justification

Routine commercial paper redemption notice affecting 15 companies in the debt segment; primarily relevant to debt market participants and trading members dealing in these specific instruments.