Description

NSE notifies suspension of trading in four Non-Convertible Securities issued by Oriental Nagpur Betul Highway Limited and Tata Motors Passenger Vehicles Limited, effective March 16, 2026, due to redemption.

Summary

NSE’s Listing Department (Circular Ref. No: 0441/2026) notifies the suspension of trading in four Non-Convertible Securities (Privately Placed) effective March 16, 2026. Three ISINs belong to Oriental Nagpur Betul Highway Limited and one to Tata Motors Passenger Vehicles Limited, all suspended due to redemption pursuant to Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A.

Key Points

  • Four privately placed Non-Convertible Securities will be suspended from trading effective March 16, 2026.
  • Three securities issued by Oriental Nagpur Betul Highway Limited (ISINs: INE105N07712, INE105N07464, INE105N07191) are being suspended.
  • One security issued by Tata Motors Passenger Vehicles Limited (ISIN: INE155A08431) is being suspended.
  • The reason for suspension in all cases is redemption.
  • The circular is issued under Regulation 3.1.2 of NSE Debt Market (Trading) Regulations Part A.

Regulatory Changes

No new regulatory changes are introduced. The suspension is a standard operational action under the existing Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A.

Compliance Requirements

  • All NSE members are notified to cease trading in the four mentioned ISINs from the suspension date.
  • No additional compliance action is required from members beyond acknowledging the trading suspension.

Important Dates

  • Circular Date: March 13, 2026
  • Suspension Effective Date: March 16, 2026 (all four securities)

Impact Assessment

The suspension affects holders and traders of four specific privately placed NCD instruments on NSE’s Debt Market segment. Since the suspensions are due to redemption, investors holding these securities will receive redemption proceeds as per the terms of the respective instruments. The impact is limited to the specific ISIN holders and does not have broader market implications. Members should update their systems to prevent trading in these ISINs from March 16, 2026 onwards.

Impact Justification

Routine suspension of privately placed NCDs upon redemption; affects holders of specific ISIN instruments but has limited broad market impact.