Description
BSE notifies trading members of suspension of dealings in commercial papers of 18 companies with record dates of 05 March 2026 and 06 March 2026 for redemption purposes.
Summary
BSE Notice No. 20260226-3 dated 26 February 2026 informs trading members that 18 companies have fixed record dates for redemption of their Commercial Papers. Trading members are advised not to deal in the commercial papers of these companies from their respective record dates onwards. The suspensions fall under two circulars: DR-833/2025-2026 (record date 05 March 2026) and DR-834/2025-2026 (record date 06 March 2026).
Key Points
- 18 companies’ commercial papers are subject to trading suspension ahead of redemption
- 10 companies have a record date of 05 March 2026 (no dealings from 05/03/2026)
- 8 companies have a record date of 06 March 2026 (no dealings from 06/03/2026)
- All suspensions are for the purpose of Redemption of Commercial Paper
- Governed under Debt segment circular references DR-833/2025-2026 and DR-834/2025-2026
- Issued by Marian Dsouza, Assistant Vice President – Listing Compliance And Operations
Regulatory Changes
No new regulatory changes. This is a standard operational notice under existing BSE debt market regulations requiring suspension of trading in commercial paper instruments prior to their redemption record dates.
Compliance Requirements
- Trading members must cease all dealings in the listed commercial papers from their respective record dates
- No trades should be executed in these CP instruments on or after the specified ‘No Dealings From’ date
- Members must update their systems to block trading in the affected ISINs from the applicable dates
Important Dates
Record Date: 05 March 2026 (No dealings from 05/03/2026) — DR-833/2025-2026:
| Company | Code | ISIN | BSE Code |
|---|---|---|---|
| Axis Finance Limited | AFL-6-3-26-CP | INE891K14OT7 | 728931 |
| Kotak Mahindra Prime Limited | KMPL-06-03-26-CP | INE916D144Y8 | 728950 |
| ICICI Securities Limited | ISL-6-3-26-CP | INE763G14XX9 | 729045 |
| A.K. Capital Services Ltd. | AKCSL-06-03-26-CP | INE701G14262 | 729270 |
| Motilal Oswal Financial Services Limited | MOFSL-06-03-26-CP | INE338I14KT1 | 729774 |
| KEC International Ltd. | KIL-6-3-26-CP | INE389H14LR8 | 730716 |
| Tata Steel Limited | TSL-6-3-26-CP | INE081A14GK1 | 730723 |
| Mahindra Lifespace Developers Ltd. | MLDL-6-3-26-CP | INE813A14391 | 730745 |
| L&T Metro Rail (Hyderabad) Limited | LTMR-6-3-26-CP | INE128M14AY9 | 730844 |
| 360 ONE Prime Limited | OPL-6-3-26-CP | INE248U14SS2 | 730861 |
Record Date: 06 March 2026 (No dealings from 06/03/2026) — DR-834/2025-2026:
| Company | Code | ISIN | BSE Code |
|---|---|---|---|
| Birla Group Holdings Private Limited | BGHPL-9-3-26-CP | INE09OL14HE8 | 729327 |
| Capri Global Capital Limited | CGC-9-3-26-CP | INE180C14615 | 730554 |
| Mirae Asset Financial Services (India) Pvt Ltd | MAF-9-3-26-CP | INE0JRU14347 | 730718 |
| Fedbank Financial Services Limited | FFSL-9-3-26-CP | INE007N14EN8 | 730720 |
| Reliance Retail Ventures Limited | RRVL-9-3-26-CP | INE929O14EL5 | 730721 |
| Nuvama Wealth Finance Limited | NWFL-9-3-26-CP | INE918K14CV9 | 730724 |
| Titan Company Limited | TCL-9-3-26-CP | INE280A14500 | 730728 |
| Dalmia Cement (Bharat) Limited | DCL-9-3-26-CP | INE755K14FR6 | 730741 |
Impact Assessment
This notice has a medium impact on debt market participants. CP holders and debt traders must ensure no transactions are executed in these instruments from the respective suspension dates. The affected companies span diversified sectors including financial services (Axis Finance, Kotak Mahindra Prime, ICICI Securities, Motilal Oswal, A.K. Capital, Capri Global, Fedbank, Nuvama, Mirae Asset), infrastructure (KEC International, L&T Metro Rail), manufacturing (Tata Steel, Dalmia Cement), real estate (Mahindra Lifespace), FMCG/retail (Titan, Reliance Retail), and conglomerates (Birla Group, 360 ONE). Equity trading in these companies remains unaffected; only the specific CP instruments listed are subject to suspension.
Impact Justification
Routine debt segment notification affecting 18 companies' commercial paper instruments. Impact is limited to CP holders and debt market traders; equity markets unaffected. Covers prominent names like Tata Steel, Titan, Motilal Oswal, and Reliance Retail, but this is a standard redemption process.