Description
BSE notifies suspension of trading in commercial papers of 18 companies including Axis Finance, Kotak Mahindra Prime, ICICI Securities, Tata Steel, and others, ahead of their redemption record dates on 05 and 06 March 2026.
Summary
BSE has issued Notice No. 20260226-3 directing trading members not to deal in the commercial papers of 18 companies that have fixed record dates for redemption. Ten companies have a record date of 05 March 2026 (under DR-833/2025-2026), and eight companies have a record date of 06 March 2026 (under DR-834/2025-2026). No dealings are permitted from the respective record dates.
Key Points
- Trading members are advised to immediately suspend dealing in the listed commercial papers
- 18 companies are affected across two batch record dates: 05 March 2026 and 06 March 2026
- All suspensions are for the purpose of Redemption of Commercial Paper
- Two separate directives issued: DR-833/2025-2026 (10 companies) and DR-834/2025-2026 (8 companies)
- Circular 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 framework governing commercial paper redemptions.
Compliance Requirements
Trading members of BSE must cease all dealings in the commercial papers of the following companies from their respective record dates:
Record Date: 05 March 2026 (DR-833/2025-2026)
| Company | Code | ISIN | Scrip 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 (DR-834/2025-2026)
| Company | Code | ISIN | Scrip 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 |
Important Dates
- Circular Date: 26 February 2026
- No Dealings From (Batch 1): 05 March 2026 — Axis Finance, Kotak Mahindra Prime, ICICI Securities, A.K. Capital Services, Motilal Oswal Financial Services, KEC International, Tata Steel, Mahindra Lifespace Developers, L&T Metro Rail (Hyderabad), 360 ONE Prime
- No Dealings From (Batch 2): 06 March 2026 — Birla Group Holdings, Capri Global Capital, Mirae Asset Financial Services, Fedbank Financial Services, Reliance Retail Ventures, Nuvama Wealth Finance, Titan Company, Dalmia Cement (Bharat)
Impact Assessment
This is a routine debt market operational notice with limited broader market impact. The suspension affects only the specific commercial paper instruments listed — it does not affect the equity shares of any of these companies. Holders of these commercial papers should be aware that secondary market trading will be suspended from the respective record dates and should plan positions accordingly. The redemptions are expected to proceed normally on schedule.
Impact Justification
Routine operational circular directing trading members to cease dealing in commercial papers of 18 companies ahead of scheduled redemptions on 05 and 06 March 2026. Standard debt market housekeeping with no broader regulatory or market-wide implications.