Description
NSE suspends trading in four privately placed non-convertible securities effective May 08, 2026, due to redemption of instruments issued by Alpha Alternatives, Piramal Finance, Profectus Capital, and Muthoot Finance.
Summary
NSE has notified the suspension of trading in four privately placed Non-Convertible Securities (NCS) effective May 08, 2026, under Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A. All four suspensions are triggered by redemption of the respective instruments.
Key Points
- Four NCS instruments suspended from trading effective May 08, 2026
- All suspensions are due to redemption of the securities
- Circular issued under NSE Debt Market Trading Regulations Part A, Regulation 3.1.2
- Ref No: NSE/CML/74096 | Circular Ref. No: 0745/2026
Suspended Securities
| Sr. No. | Company Name | ISIN | Suspension Date | Reason |
|---|---|---|---|---|
| 1 | Alpha Alternatives Financial Services Private Limited | INE0L6807070 | 08-May-2026 | Redemption |
| 2 | Piramal Finance Limited | INE516Y07451 | 08-May-2026 | Redemption |
| 3 | Profectus Capital Private Limited | INE389Z07039 | 08-May-2026 | Redemption |
| 4 | Muthoot Finance Limited | INE414G07HS6 | 08-May-2026 | Redemption |
Regulatory Changes
No new regulatory changes. The suspension is executed under the existing framework of Regulation 3.1.2 of the NSE Debt Market (Trading) Regulations Part A, which governs suspension of NCS instruments upon redemption or other qualifying events.
Compliance Requirements
- All NSE members must cease trading in the four listed ISINs effective May 08, 2026
- Settlement of any trades executed prior to suspension must be completed per standard settlement timelines
- Members should notify clients holding these instruments of the impending suspension
Important Dates
- May 07, 2026: Circular issued
- May 08, 2026: Suspension of trading effective for all four ISINs (INE0L6807070, INE516Y07451, INE389Z07039, INE414G07HS6)
Impact Assessment
Impact is limited to holders and traders of these four specific NCS instruments in the NSE debt market segment. Redemption-based suspensions are routine lifecycle events for debt securities and do not signal financial distress. Investors holding these securities should expect principal repayment as per the original redemption terms. No broader market or systemic impact is anticipated.
Impact Justification
Routine suspension of four NCS instruments on redemption; affects debt market participants holding these specific ISINs but has no broader market-wide implications.