Exclusion of Gujarat State Petronet Limited (GSPL) from SLB Segment

Description

NSE Clearing Limited announces the exclusion of Gujarat State Petronet Limited (GSPL) from the Securities Lending and Borrowing (SLB) segment effective May 12, 2026, following the suspension of trading in its equity shares.

Summary

NSE Clearing Limited has issued a circular directing that Gujarat State Petronet Limited (GSPL) will no longer be available for transactions in the Securities Lending and Borrowing (SLB) segment with effect from May 12, 2026. This follows the earlier suspension of trading in GSPL equity shares communicated via Circular No. NSE/CML/74078 dated May 06, 2026.

Key Points

• GSPL is excluded from the SLB segment effective May 12, 2026.
• The exclusion is a consequence of the suspension of trading in GSPL equity shares.
• Reference circular: NSE/CML/74078 dated May 06, 2026 (trading suspension notice).
• This circular is addressed to all SLB Participants and Custodians.

Regulatory Changes

GSPL equity shares will no longer be eligible for lending or borrowing transactions under the SLB framework on NSE, in line with the prior trading suspension order.

Compliance Requirements

• All SLB participants and custodians must ensure no new SLB transactions are initiated for GSPL from May 12, 2026 onwards.
• Participants should review any existing open SLB positions in GSPL and manage them in accordance with applicable regulations and settlement obligations.

Important Dates

• May 06, 2026: Original trading suspension circular for GSPL (Ref: NSE/CML/74078).
• May 11, 2026: Date of this exclusion circular (Ref: NCL/CMPT/74145, Circular No. 050/2026).
• May 12, 2026: Effective date — GSPL unavailable for SLB transactions.

Impact Assessment

The exclusion of GSPL from the SLB segment limits the ability of market participants to lend or borrow GSPL shares, which directly impacts those with existing or planned SLB positions in the stock. The impact is moderate and security-specific, affecting SLB participants and custodians holding or planning to hold GSPL positions in the lending/borrowing framework. This action is procedurally consistent with standard practice following a trading suspension.

Impact Justification

Affects participants in the SLB segment for GSPL; directly follows a trading suspension. Impact is limited to SLB transactions for this specific security rather than broader market operations.