Description
BSE notifies trading members of suspension of dealings in commercial paper of 13 companies effective 16 March 2026, ahead of redemption on 17 March 2026.
Summary
BSE has issued Notice No. 20260312-38 directing trading members to suspend dealings in commercial paper of 13 companies effective 16 March 2026. The suspension is in advance of the redemption of these commercial papers on 17 March 2026. This is a standard procedure under DR-840/2025-2026.
Key Points
- Trading members must not deal in the commercial paper of the 13 listed companies from 16 March 2026 onwards.
- All 13 companies have fixed 16 March 2026 as the Record Date for redemption of their respective commercial papers.
- The notice is issued under circular reference DR-840/2025-2026.
- The suspension applies to the Debt segment of BSE.
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations.
Regulatory Changes
No new regulatory changes. This is a procedural notice under existing BSE norms for commercial paper redemption, requiring suspension of trading from the record date.
Compliance Requirements
- Trading members must immediately cease all dealings in the commercial papers of the 13 listed companies from 16 March 2026.
- Members must ensure compliance across all client accounts in the debt segment.
Important Dates
- Notice Date: 12 March 2026
- Record Date / No Dealings From: 16 March 2026
- Redemption Date: 17 March 2026 (implied by CP naming convention e.g. ICICISL-17-03-26-CP)
Impact Assessment
The suspension affects the following 13 commercial papers in the BSE Debt segment:
| Company | CP Code | ISIN | BSE Code |
|---|---|---|---|
| ICICI Securities Limited | ICICISL-17-03-26-CP | INE763G14XS9 | 729001 |
| Mahindra Rural Housing Finance Limited | MRHFL-17-3-26-CP | INE950O14BU8 | 729012 |
| 360 ONE Prime Limited | 360OPL-17-03-26-CP | INE248U14RE4 | 729034 |
| Time Technoplast Limited | TTL-17-3-26-CP | INE508G14HK8 | 729185 |
| Adani Enterprises Ltd | AEL-17-03-26-CP | INE423A14XF0 | 729223 |
| Muthoot Capital Services Ltd | MCSL-17-3-27-CP | INE296G14586 | 730251 |
| UGRO Capital Limited | UCL-17-3-26-CP | INE583D14709 | 730377 |
| Aditya Birla Housing Finance Limited | ABHFL-17-3-26-CP | INE831R14FM1 | 730589 |
| SBICAP Securities Limited | SBICAPSL-17-03-26-CP | INE212K14DA9 | 730785 |
| Northern Arc Capital Ltd | NAC-17-3-26-CP | INE850M14CJ5 | 730788 |
| Bajaj Financial Securities Limited | BFSL-17-03-26-CP | INE01C314DU7 | 730793 |
| Chalet Hotels Limited | CHL-17-3-26-CP | INE427F14027 | 730809 |
| Mahindra Lifespace Developers Ltd | MLDL-17-3-26-CP | INE813A14417 | 731011 |
Impact is limited to debt segment participants holding or intending to trade these specific commercial paper instruments. Holders will receive redemption proceeds on the scheduled date. No equity market impact anticipated.
Impact Justification
Routine suspension of commercial paper trading ahead of scheduled redemption for 13 companies; affects debt segment participants but is a standard pre-redemption measure with no systemic market disruption.