Description
BSE advises trading members not to deal in commercial papers of 19 companies including Tata Power, Grasim Industries, Titan, and others, effective from their respective record dates for redemption.
Summary
BSE Notice No. 20260304-13 informs trading members that 19 companies have fixed record dates for the redemption of their Commercial Papers. Trading members are advised not to deal in these instruments from their respective no-dealings dates.
Key Points
- Trading is suspended in commercial papers of 19 companies across three redemption dates: 06 March, 09 March, and 10 March 2026
- No dealings are permitted from the record date itself for each instrument
- Two instruments mature on 06 March 2026 (DR-834/2025-2026): Standard Chartered Securities (SCSL-9-3-26-CP, code 730191)
- Three instruments mature on 09 March 2026 (DR-835/2025-2026): Standard Chartered Securities (SCSL-10-3-26-CP, code 730444) and Tata Realty and Infrastructure Limited (TRIL-10-3-26-CP, code 730744)
- Fifteen instruments mature on 10 March 2026 (DR-836/2025-2026) covering ICICI Securities, Infina Finance, Mirae Asset Financial Services, JSW Energy, Network18, Tata Power, Birla Group Holdings, Pilani Investment, Grasim Industries, DSP Finance, Aditya Birla Housing Finance, Bajaj Financial Securities, Tata Housing Development, Titan Company, Muthoot Capital Services, and Samvardhana Motherson International
Regulatory Changes
No new regulatory changes. This is a routine operational notice under existing BSE framework for commercial paper redemptions in the Debt segment.
Compliance Requirements
- Trading members must cease all dealings in the listed commercial papers from the respective no-dealings dates
- Members must ensure compliance for all 19 instruments across the three effective dates (06, 09, and 10 March 2026)
- Issued under circular references DR-834/2025-2026, DR-835/2025-2026, and DR-836/2025-2026
Important Dates
| No-Dealings From | Companies / Instruments |
|---|---|
| 06 March 2026 | Standard Chartered Securities (SCSL-9-3-26-CP, INE472H14714, 730191) |
| 09 March 2026 | Standard Chartered Securities (SCSL-10-3-26-CP, INE472H14748, 730444); Tata Realty and Infrastructure Ltd (TRIL-10-3-26-CP, INE371K14DC9, 730744) |
| 10 March 2026 | ICICI Securities (728967); Infina Finance (730098); Mirae Asset Financial Services (730230); JSW Energy (730322); Network18 (730727); Tata Power (730730); Birla Group Holdings (730731); Pilani Investment (730740); Grasim Industries (730743); DSP Finance (730746); Aditya Birla Housing Finance (730747); Bajaj Financial Securities (730750); Tata Housing Development (730751); Titan Company (730755); Muthoot Capital Services (730789); Samvardhana Motherson International (730943) |
Impact Assessment
This notice affects debt segment participants trading in the listed commercial papers. The suspensions are short-term and routine, triggered by upcoming redemptions. No equity market impact is expected. Trading members dealing in debt instruments must update their systems to block transactions in the 19 affected CPs from the respective no-dealings dates. The large number of maturities on 10 March 2026 (15 instruments) reflects normal end-of-quarter commercial paper redemption activity.
Impact Justification
Routine suspension of trading in commercial papers ahead of scheduled redemptions for 19 companies across multiple dates in March 2026; affects debt segment participants but is a standard corporate action.