Description

BSE notifies trading members of suspension of trading in commercial papers of 18+ companies due to upcoming record dates for redemption, effective from 19 May 2026 onwards.

Summary

BSE has issued Notice No. 20260518-9 directing trading members not to deal in the commercial papers (CPs) of multiple companies that have fixed record dates for redemption purposes. The suspensions are effective from 19 May 2026 onwards, covering settlements under DR series 633/2026-2027, 639/2026-2027, and 640/2026-2027.

Key Points

  • Trading in commercial papers of 18+ companies is suspended effective on their respective ex-dates
  • Suspension applies to the Debt segment on BSE
  • Companies have fixed record dates for the purpose of redemption of commercial paper
  • Trading members are advised not to deal in the listed CPs from the specified ex-dates
  • Most suspensions are clustered around 27 May 2026 (ex-date), under Settlement DR 639/2026-2027

Regulatory Changes

No new regulatory framework introduced. This is a standard operational notice under BSE’s Listing Operations / Debt segment procedures for commercial paper redemptions.

Compliance Requirements

  • Trading members must cease dealing in the commercial papers of the listed companies from their respective ex-dates
  • Members should update their systems to reflect suspension of the specified scrip codes
  • No further action required for investors already holding these CPs; redemption will proceed as scheduled

Important Dates

Scrip CodeCompanyISINRecord DateEx DateSettlement DR
731602Nuvama Clearing Services LimitedINE525L1422419/05/202619/05/2026633/2026-2027
729517UGRO Capital LimitedINE583D1463427/05/202627/05/2026639/2026-2027
729851Kotak Mahindra Prime LimitedINE916D145J627/05/202627/05/2026639/2026-2027
729931Muthoot Fincorp LimitedINE549K14CB427/05/202627/05/2026639/2026-2027
730305Mahindra Rural Housing Finance LimitedINE950O14BW428/05/202627/05/2026639/2026-2027
730442Standard Chartered Capital LimitedINE403G14TR227/05/202627/05/2026639/2026-2027
730459360 ONE Prime LimitedINE248U14SL727/05/202627/05/2026639/2026-2027
730888Hari and Company Investments Madras Pvt LtdINE01HV14AJ227/05/202627/05/2026639/2026-2027
731205IGH Holdings Private LimitedINE02FN1479627/05/202627/05/2026639/2026-2027
731217360 ONE WAM LimitedINE466L14FY427/05/202627/05/2026639/2026-2027
731220360 ONE Alternates Asset Management LimitedINE0TQI1419427/05/202627/05/2026639/2026-2027
731221Paisalo Digital LimitedINE420C1424328/05/202627/05/2026639/2026-2027
731229Navi Finserv LimitedINE342T14FV628/05/202627/05/2026639/2026-2027
731241KEC International Ltd.INE389H14LZ127/05/202627/05/2026639/2026-2027
731572Bajaj Financial Securities LimitedINE01C314FH927/05/202627/05/2026639/2026-2027
730694360 ONE WAM LimitedINE466L14FK329/05/202629/05/2026640/2026-2027
730808OXYZO Financial Services LimitedINE04VS1431931/05/202629/05/2026640/2026-2027

Impact Assessment

This notice affects debt market participants trading in commercial papers of the listed companies. Impact is localized to CP investors and trading desks in the debt segment. The earliest suspension kicks in on 19 May 2026 for Nuvama Clearing Services Limited (scrip code 731602), with a large cluster of suspensions effective 27 May 2026. All CPs are approaching maturity and will be redeemed per schedule. No equity market impact is expected. Routine in nature and does not signal any credit event or default.

Impact Justification

Routine debt market notice suspending trading in commercial papers of multiple companies ahead of their redemption record dates. Affects CP holders and traders in the debt segment but is standard practice with no systemic risk implications.