NSE has admitted 15 government securities — 12 State Development Loans (SDLs) from 7 Indian states and 3 Government of India Treasury Bills — to dealings on the Capital Market Segment with effect from April 10, 2026. All securities carry a standard lot size of 100 units and will be identified by their designated security codes for trading purposes.

Key Points

• 15 securities admitted to NSE Capital Market Segment effective April 10, 2026
• 12 SDLs issued by Punjab, Andhra Pradesh, Himachal Pradesh, Maharashtra, Rajasthan, Telangana, and Meghalaya
• 3 GOI Treasury Bills: 91-day, 182-day, and 364-day maturities
• All securities traded under Series ‘SG’ (SDLs) or ‘TB’ (T-bills) with lot size of 100
• SDL coupon rates range from 7.35% to 8.07%; maturity dates range from 2031 to 2057
• Issued under Regulation 3.1.1 and Regulation 2.5.5 of NSE Capital Market Trading Regulations Part A

Regulatory Changes

No new regulatory changes. This circular is issued pursuant to existing Regulation 3.1.1 (admission of securities to dealings) and Regulation 2.5.5 (lot sizes) of the National Stock Exchange (Capital Market) Trading Regulations Part A.

Compliance Requirements

• All members must use the designated security codes for trading these instruments
• Trading must be conducted in the specified lot sizes of 100 units per security
• No additional compliance obligations for members beyond standard debt segment trading rules

Important Dates

• Circular Date: April 08, 2026
• Effective Date: April 10, 2026 (trading commences)
• SDL Maturity Dates: Range from April 08, 2031 (SDL MH 7.35% 2031) to April 08, 2057 (SDL RJ 8.06% 2057)
• T-Bill Maturity Dates: July 09, 2026 (91-day), October 08, 2026 (182-day), April 08, 2027 (364-day)

Impact Assessment

This is a routine listing notification with low market impact. The admission of SDLs and T-bills to the NSE capital market segment enhances liquidity and accessibility for institutional and retail investors in sovereign debt instruments. SDL coupon rates between 7.35%–8.07% reflect prevailing government borrowing costs. The three T-bill maturities provide short-term government paper across 91-day, 182-day, and 364-day tenors. No equity market impact is expected. States represented: Punjab (PN), Andhra Pradesh (AP), Himachal Pradesh (HP), Maharashtra (MH), Rajasthan (RJ), Telangana (TS), and Meghalaya (ML).