Description
NSE suspends trading in 7 privately placed non-convertible securities from March 13, 2026, due to redemption and exercise of call options by L&T Finance, Tata Capital Housing Finance, Gujarat Road and Infrastructure, Konkan Railway Corporation, and Bank of India.
Summary
NSE has notified the suspension of trading in 7 privately placed non-convertible securities effective March 13, 2026, under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A. The suspensions are triggered by redemptions and exercise of call options across five issuers.
Key Points
- 7 non-convertible securities suspended from trading effective March 13, 2026
- Suspensions cover two categories: outright redemption and redemption for exercise of call option
- L&T Finance Limited has 3 securities being suspended (INE027E07CM5, INE027E08079, INE476M08055)
- Issued under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A
- Circular reference: NSE/CML/73259, Circular Ref. No: 0437/2026
Regulatory Changes
No new regulatory changes introduced. This circular is an operational notification under the existing framework of NSE Debt Market (Trading) Regulations Part A, Regulation 3.1.2, which governs suspension of debt securities upon maturity or call option exercise.
Compliance Requirements
- All NSE members must cease trading in the listed securities from March 13, 2026
- No further transactions should be executed for the 7 listed ISINs post the suspension date
Important Dates
- Circular Date: March 12, 2026
- Suspension Effective Date: March 13, 2026 (all 7 securities)
Impact Assessment
| Sr. No. | Company Name | ISIN | Reason |
|---|---|---|---|
| 1 | L&T Finance Limited | INE027E07CM5 | Redemption |
| 2 | Tata Capital Housing Finance Limited | INE033L07EM4 | Redemption |
| 3 | Gujarat Road and Infrastructure Company Limited | INE354H07122 | Redemption |
| 4 | Konkan Railway Corporation Limited | INE139F07089 | Redemption |
| 5 | Bank Of India | INE084A08144 | Redemption for exercise of call option |
| 6 | L&T Finance Limited | INE027E08079 | Redemption for exercise of call option |
| 7 | L&T Finance Limited | INE476M08055 | Redemption for exercise of call option |
This is a routine debt market action. Holders of these securities will receive redemption proceeds as per the respective bond terms. The suspension prevents further secondary market trading, ensuring an orderly wind-down of these instruments. Impact is limited to existing holders of the 7 specific ISINs.
Impact Justification
Routine suspension of 7 debt instruments due to scheduled redemptions and call option exercises; affects specific bondholders but has limited broader market impact.