Description

BSE notifies trading members of suspension of trading in NCDs/Bonds of 7 companies including NHPC, Mahindra & Mahindra Financial Services, CreditAccess Grameen, JM Financial Credit Solutions, Sammaan Capital, and Samunnati Finance due to upcoming record dates for interest payment/redemption.

Summary

BSE has issued a notice (No. 20260520-4) directing trading members not to deal in the Non-Convertible Debentures (NCDs) and Bonds of multiple companies that have fixed record dates for interest payment and/or redemption. The suspension covers 13 debt instruments across 7 companies, with record dates falling between 21 May 2026 and 25 May 2026.

Key Points

  • Trading members are advised not to deal in the listed debentures/bonds of the specified companies around their respective record/ex-dates
  • 13 NCD/Bond instruments across 7 companies are affected
  • Record dates range from 21 May 2026 to 25 May 2026
  • Settlements are under DR series 635/2026-2027 and 636/2026-2027 and 637/2026-2027
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes. This is a routine operational notice under BSE’s standard procedure for suspending trading in debt instruments around corporate action record dates.

Compliance Requirements

  • Trading members must refrain from dealing in the specified debentures/bonds on and around the listed ex-dates
  • Members should note that ex-dates and record dates may differ by one day for certain instruments (e.g., CreditAccess Grameen and Samunnati Finance)

Important Dates

Scrip CodeCompanyISINRecord DateEx DateSettlement
956535NHPC LimitedINE848E07AB121/05/202621/05/2026635/2026-2027
935738Mahindra & Mahindra Financial Services LtdINE774D08LT822/05/202622/05/2026636/2026-2027
935740Mahindra & Mahindra Financial Services LtdINE774D08LU622/05/202622/05/2026636/2026-2027
935750Mahindra & Mahindra Financial Services LtdINE774D08LZ522/05/202622/05/2026636/2026-2027
935752Mahindra & Mahindra Financial Services LtdINE774D08MA622/05/202622/05/2026636/2026-2027
935758Mahindra & Mahindra Financial Services LtdINE774D08MF522/05/202622/05/2026636/2026-2027
935760Mahindra & Mahindra Financial Services LtdINE774D08MG322/05/202622/05/2026636/2026-2027
938734CreditAccess Grameen LtdINE741K0759523/05/202622/05/2026636/2026-2027
938736CreditAccess Grameen LtdINE741K0753823/05/202622/05/2026636/2026-2027
974889JM Financial Credit Solutions LtdINE651J0794522/05/202622/05/2026636/2026-2027
976732Samunnati Finance Private LimitedINE0N5S0703724/05/202622/05/2026636/2026-2027
954056Sammaan Capital LimitedINE148I07ES325/05/202625/05/2026637/2026-2027
974652JM Financial Credit Solutions LtdINE651J0789525/05/202625/05/2026637/2026-2027

Impact Assessment

Impact is limited to holders and traders of these specific debt instruments in the BSE debt segment. The suspension is temporary and routine, tied to corporate action record dates for interest payment or redemption. Investors holding these NCDs/Bonds should be aware they cannot trade around the ex-dates. The bulk of affected instruments belong to Mahindra & Mahindra Financial Services Limited (6 instruments), suggesting significant maturity/coupon activity for that issuer on 22 May 2026.

Impact Justification

Routine trading suspension notice for 13 NCD/Bond instruments across 7 companies ahead of record dates for interest payment and redemption. Affects only specific debt instruments in the debt segment; no broad market impact.