Description

BSE notifies trading members that 16 companies have fixed record dates for redemption of commercial papers in the debt segment. Members are advised not to deal in these CPs on or after the respective ex-dates.

Summary

BSE Notice No. 20260513-33 (dated 13 May 2026) informs trading members that 16 companies in the debt segment have fixed record dates for the redemption of their commercial papers. Trading members are advised not to deal in these commercial papers from the respective ex-dates onwards.

Key Points

  • 16 companies across various sectors have scheduled commercial paper redemptions between 16 May 2026 and 26 May 2026.
  • Trading members must cease dealing in each company’s commercial paper from its ex-date.
  • The notice covers settlement references in the DR series 631/2026-2027 through 638/2026-2027.
  • Both Tata Steel Limited CPs appear twice under different scrip codes (731159 and 731439) with different ISINs and record dates.
  • Motilal Oswal group has two CPs listed — Motilal Oswal Financial Services Limited and Motilal Oswal Finvest Limited — both maturing on 26 May 2026.

Regulatory Changes

No new regulatory changes. This is a standard operational notice under BSE’s listing operations for the debt segment, advising members of upcoming CP redemptions per existing exchange procedures.

Compliance Requirements

  • Trading members must not deal in the commercial papers of the listed companies on or after their respective ex-dates.
  • Members holding or trading these instruments should update their systems to block trading from the applicable ex-dates.

Important Dates

Scrip CodeCompanyISINRecord DateEx DateSettlement Ref
731147L&T Metro Rail (Hyderabad) LtdINE128M14BC316 May 202615 May 2026631/2026-2027
731136Can Fin Homes LtdINE477A14EC319 May 202619 May 2026633/2026-2027
730537ECL Finance LimitedINE804I14YF220 May 202620 May 2026634/2026-2027
731159Tata Steel LimitedINE081A14GQ820 May 202620 May 2026634/2026-2027
730019GIC Housing Finance LtdINE289B14JV921 May 202621 May 2026635/2026-2027
731536Bharat Heavy Electricals LtdINE257A14AG821 May 202621 May 2026635/2026-2027
731183Nuvama Wealth Finance LimitedINE918K14DD522 May 202622 May 2026636/2026-2027
731188Pilani Investment And Industries Corporation LtdINE417C14AN025 May 202625 May 2026637/2026-2027
731439Tata Steel LimitedINE081A14GV825 May 202625 May 2026637/2026-2027
729763Motilal Oswal Financial Services LtdINE338I14KP926 May 202626 May 2026638/2026-2027
729765Motilal Oswal Finvest LimitedINE01WN14BV126 May 202626 May 2026638/2026-2027
730990Hari and Company Investments Madras Pvt LtdINE01HV14AO226 May 202626 May 2026638/2026-2027
731182Julius Baer Capital (India) Pvt LtdINE824H14TT326 May 202626 May 2026638/2026-2027
731184Aarti Industries LtdINE769A14AE726 May 202626 May 2026638/2026-2027
731191ICICI Home Finance Company LtdINE071G14HO926 May 202626 May 2026638/2026-2027
731195360 ONE WAM LimitedINE466L14FX*26 May 202626 May 2026638/2026-2027

*ISIN truncated in source document.

Impact Assessment

This notice is of direct relevance to debt market participants holding any of the 16 listed commercial papers. Holders must note that these instruments will be redeemed at face value on the respective record dates and trading is prohibited from the ex-date. The earliest action point is 15 May 2026 (ex-date for L&T Metro Rail CP). For equity market participants, the impact is negligible as these are short-term debt instruments. The inclusion of large-cap names (Tata Steel, BHEL, Aarti Industries) alongside financial sector issuers reflects routine CP maturity cycles and does not signal any credit stress.

Impact Justification

Routine debt market corporate action notice. Directly impacts holders of the listed commercial papers who must note ex-dates and record dates to manage positions; broad equity market impact is minimal.