Description
NSE suspends trading in five privately placed non-convertible securities from March 2, 2026, due to redemption. Affected issuers include Export Import Bank of India, Aditya Birla Capital, BPCL, Piramal Finance, and IRFC.
Summary
NSE has notified the suspension of trading in five privately placed Non-Convertible Securities (NCS) effective March 2, 2026, under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A. All suspensions are due to redemption of the respective instruments.
Key Points
- Five NCS instruments will be suspended from trading on the NSE Debt Market from March 2, 2026.
- All suspensions are triggered by redemption of the respective securities.
- Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A governs this action.
- Circular issued by Listing Department under Ref No: NSE/CML/73038 and Circular Ref. No: 0342/2026.
Affected Securities
| Sr. No. | Company Name | ISIN | Suspension Date | Reason |
|---|---|---|---|---|
| 1 | Export Import Bank of India | INE514E08GA6 | 02-Mar-2026 | Redemption |
| 2 | Aditya Birla Capital Limited | INE860H07IC0 | 02-Mar-2026 | Redemption |
| 3 | Bharat Petroleum Corporation Limited | INE029A08073 | 02-Mar-2026 | Redemption |
| 4 | Piramal Finance Limited | INE516Y07279 | 02-Mar-2026 | Redemption |
| 5 | Indian Railway Finance Corporation Limited | INE053F09HM3 | 02-Mar-2026 | Redemption |
Regulatory Changes
No new regulatory changes introduced. This circular is an operational notification under existing Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A, which mandates suspension of NCS instruments upon maturity/redemption.
Compliance Requirements
- Members/Brokers: Must ensure no new trades are executed in the five listed ISINs on or after March 2, 2026.
- Investors/Holders: Should prepare for redemption proceeds as per the terms of the respective securities; no further secondary market trading will be possible post-suspension.
Important Dates
- Circular Date: February 27, 2026
- Suspension Effective Date: March 2, 2026 (all five securities)
Impact Assessment
The impact is limited to existing holders of these five specific debt instruments. As the suspensions are due to redemption, investors will receive their principal back as per the original terms of the securities. There is no adverse credit or default event involved. The broader NSE Debt Market operations remain unaffected. Institutions such as IRFC, BPCL, and Exim Bank that issued these instruments may have new issuances in the market separately.
Impact Justification
Routine operational notice suspending five NCS instruments upon maturity/redemption. Affects only holders of these specific debt ISINs; no broader market disruption expected.