Description

NSE announces suspension of trading for 25 securities including T-Bills, Sovereign Gold Bonds, Government Securities and State Government Bonds due to redemption between October 31 and November 26, 2025.

Summary

NSE has announced the suspension of trading for 25 debt securities effective from various dates between October 31, 2025 and November 26, 2025. The suspensions are due to redemption of these securities. The affected securities include 12 Treasury Bills (T-Bills), 8 State Government Bonds, 4 Sovereign Gold Bonds, and 1 Government Security. This circular is issued under Regulation 3.1.2 of the National Stock Exchange (Capital Market) Trading Regulations Part A.

Key Points

  • 25 securities suspended from trading due to redemption
  • Suspension dates range from October 31, 2025 to November 26, 2025
  • Affected securities: 12 T-Bills, 8 State Government Bonds, 4 Sovereign Gold Bonds, 1 Government Security
  • All suspensions are due to redemption of the securities
  • Circular effective from respective suspension dates mentioned in the table

Securities Details

Treasury Bills (12 securities)

  • 91D061125 (IN002025X190) - Suspended November 3, 2025
  • 182D061125 (IN002025Y065) - Suspended November 3, 2025
  • 364D061125 (IN002024Z305) - Suspended November 3, 2025
  • 91D131125 (IN002025X208) - Suspended November 11, 2025
  • 182D131125 (IN002025Y073) - Suspended November 11, 2025
  • 364D131125 (IN002024Z313) - Suspended November 11, 2025
  • 91D201125 (IN002025X216) - Suspended November 18, 2025
  • 182D201125 (IN002025Y081) - Suspended November 18, 2025
  • 364D211125 (IN002024Z321) - Suspended November 19, 2025
  • 182D271125 (IN002025Y099) - Suspended November 25, 2025
  • 364D271125 (IN002024Z339) - Suspended November 25, 2025
  • 91D281125 (IN002025X224) - Suspended November 26, 2025

Government Securities (1 security)

  • 515GS2025 (IN0020200278) - Suspended November 4, 2025
  • GS101125C (IN001125C011) - Suspended November 6, 2025

State Government Bonds (8 securities)

  • 535CG25 (IN3520200053) - Suspended October 31, 2025
  • 694TN25 (IN3120190175) - Suspended November 11, 2025
  • 689TN25 (IN3120190183) - Suspended November 18, 2025
  • 532AS25 (IN1220200159) - Suspended November 21, 2025
  • 53BR25 (IN1320200109) - Suspended November 21, 2025
  • 532CG25 (IN3520200061) - Suspended November 21, 2025
  • 687RJ25 (IN2920190286) - Suspended November 25, 2025

Sovereign Gold Bonds (4 securities)

  • SGBNOV25VI (IN0020170083) - Suspended November 3, 2025
  • SGBNOV25 (IN0020170091) - Suspended November 11, 2025
  • SGBNOV258 (IN0020170109) - Suspended November 18, 2025
  • SGBNOV25IX (IN0020170117) - Suspended November 25, 2025

Regulatory Changes

No regulatory changes introduced. This circular implements existing provisions under Regulation 3.1.2 of the National Stock Exchange (Capital Market) Trading Regulations Part A for suspension of securities upon redemption.

Compliance Requirements

  • All members must note the suspension dates for the listed securities
  • Trading in the specified securities must cease from their respective suspension dates
  • Members should inform their clients about the suspension schedule
  • No trading or settlement activities should be conducted for these securities post-suspension

Important Dates

  • Circular Date: October 28, 2025
  • First Suspension: October 31, 2025 (535CG25)
  • November 3, 2025: 3 T-Bills and 1 Sovereign Gold Bond suspended
  • November 4, 2025: 1 Government Security suspended
  • November 6, 2025: 1 Government Security suspended
  • November 11, 2025: 2 T-Bills, 1 State Government Bond, 1 Sovereign Gold Bond suspended
  • November 18, 2025: 2 T-Bills, 1 State Government Bond, 1 Sovereign Gold Bond suspended
  • November 19, 2025: 1 T-Bill suspended
  • November 21, 2025: 3 State Government Bonds suspended
  • November 25, 2025: 2 T-Bills, 1 State Government Bond, 1 Sovereign Gold Bond suspended
  • November 26, 2025: 1 T-Bill suspended

Impact Assessment

Market Impact: Medium - This is a routine administrative action affecting the debt securities market. The suspension of 25 debt instruments due to redemption is part of normal market operations and would have been anticipated by market participants holding these securities.

Investor Impact: Low to Medium - Investors holding these securities would have been aware of the redemption schedules. The suspensions ensure orderly market closure for maturing instruments. Investors will receive redemption proceeds as per the terms of the securities.

Operational Impact: Low - This is a scheduled event with clear advance notice, allowing market participants to plan accordingly. No unexpected disruptions anticipated as redemptions follow predetermined maturity schedules.

Impact Justification

Routine suspension of debt securities due to redemption. Affects specific debt instruments but is part of normal market operations with clear advance notice.