Description
NSE notifies suspension of trading in privately placed non-convertible securities of three companies effective March 06, 2026, due to redemption and call option exercise.
Summary
NSE’s Listing Department has notified the suspension of trading in three privately placed non-convertible securities effective March 06, 2026, pursuant to Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A. The suspensions are triggered by redemption events and a call option exercise.
Key Points
- Three non-convertible securities will be suspended from trading on March 06, 2026
- Tata Capital Limited (ISIN: INE306N08144) — suspended due to redemption for exercising Call Option
- L&T Finance Limited (ISIN: INE759E08044) — suspended due to Redemption
- SMFG India Credit Company Limited (ISIN: INE535H08686) — suspended due to Redemption
- Circular issued under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
- Reference No: NSE/CML/73142, Circular Ref. No: 0383/2026
Regulatory Changes
No new regulatory changes introduced. This circular applies the existing framework under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A, which governs suspension of trading in debt securities upon redemption or other triggering events.
Compliance Requirements
- All NSE members are notified to cease trading in the specified ISINs from March 06, 2026
- Members holding or dealing in these securities must ensure no trades are executed on or after the suspension date
- Investors holding these securities should liaise with their custodians/depositories for redemption proceeds
Important Dates
- Circular Date: March 05, 2026
- Suspension Effective Date: March 06, 2026 (for all three securities)
Impact Assessment
The suspension affects holders of these three specific privately placed non-convertible securities on the NSE debt market segment. The impact is limited to investors and members transacting in these instruments. Redemption proceeds will be distributed to security holders as per the terms of issuance. Tata Capital’s suspension is specifically tied to a call option exercise, while L&T Finance and SMFG India Credit suspensions are standard end-of-tenure redemptions. Overall market impact is low as these are privately placed instruments with a defined investor base.
Impact Justification
Routine suspension of three privately placed non-convertible securities due to upcoming redemptions; affects holders of these specific debt instruments but has limited broader market impact.