Description

BSE notifies trading members of suspension of commercial paper trading for 18 companies with record dates on March 5-6, 2026 for redemption purposes.

Summary

BSE has issued Notice No. 20260226-3 directing trading members to suspend dealings in commercial papers of 18 companies ahead of their respective record dates for redemption. The suspensions are split across two batches: 10 companies with a record date of March 5, 2026 (DR-833/2025-2026), and 8 companies with a record date of March 6, 2026 (DR-834/2025-2026).

Key Points

  • Trading in the listed commercial papers must cease from the respective record dates
  • 10 CPs are suspended effective March 5, 2026 under DR-833/2025-2026
  • 8 CPs are suspended effective March 6, 2026 under DR-834/2025-2026
  • All suspensions are for the purpose of Redemption of Commercial Paper
  • Notice 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 segment rules requiring trading members to halt dealings in commercial papers ahead of record dates set for redemption.

Compliance Requirements

  • Trading members must not deal in the commercial papers of the listed companies from their respective record dates
  • Members must update their systems to block transactions in the affected ISINs from the applicable dates
  • Affected ISINs and scrip codes must be flagged for suspension in member trading platforms

Important Dates

Record Date: March 5, 2026 — No dealings from March 5, 2026 (DR-833/2025-2026)

  • 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: March 6, 2026 — No dealings from March 6, 2026 (DR-834/2025-2026)

  • 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) Private Limited — 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 is a routine debt market action with limited broader market impact. The affected instruments are short-term commercial papers approaching maturity. Investors holding these CPs will receive redemption proceeds on the respective record dates. The suspension of trading prevents last-minute transactions that could complicate the redemption process. No impact on the equity shares of the parent companies is expected. Trading desks with exposure to any of these 18 CPs in the debt segment should take note of the blackout dates.

Impact Justification

Routine commercial paper redemption notices affecting 18 companies across two record dates. Standard debt segment action with no broader market disruption, but directly impacts trading in specific CPs for prominent companies including Tata Steel, Titan, Reliance Retail, and ICICI Securities.