Description

BSE announces corporate actions for 34 companies including dividend declarations and HDFC Bank's bonus issue with respective record dates and shut periods.

Summary

BSE has announced corporate actions for 34 companies in Securities Lending and Borrowing (SLB) securities. The circular includes dividend declarations for 33 companies and one bonus issue by HDFC Bank. All actions have specific record dates, ex-dates, and shut periods scheduled between August and September 2025.

Key Points

  • 33 companies declaring dividends with record dates ranging from August 13 to September 23, 2025
  • HDFC Bank announcing bonus issue with record date August 27, 2025
  • All securities will have trading shut periods typically 1-2 days before record dates
  • Major companies included: Reliance Industries, HDFC Bank, ONGC, HPCL, Apollo Hospitals
  • Ex-dates generally align with or precede record dates by one day

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification for SLB securities.

Compliance Requirements

  • Investors must hold securities before ex-date to be eligible for corporate benefits
  • Trading in these securities will be suspended during specified shut periods
  • Market participants must adjust positions before shut period commencement
  • SLB transactions in these securities will be restricted during shut periods

Important Dates

  • August 13, 2025: Record date for Pidilite Industries, Rain Industries, HEG (Ex-date: August 13)
  • August 14, 2025: Record date for BEL, HPCL, Electrosteel, Maharashtra Seamless, NCC, Reliance, West Coast Paper (Ex-date: August 14)
  • August 27, 2025: HDFC Bank bonus issue record date (Ex-date: August 26)
  • September 23, 2025: Latest record date for Steel Strips & Wheels
  • Shut periods: Range from 1-3 days, typically ending on record date

Impact Assessment

Market Impact: Medium - affects trading in 34 major companies across various sectors including banking, oil & gas, pharmaceuticals, and manufacturing. HDFC Bank’s bonus issue is particularly significant given its market capitalization.

Operational Impact: Medium - SLB participants need to plan around shut periods and adjust lending/borrowing positions accordingly. The staggered dates spread impact over multiple weeks, reducing concentrated market disruption.

Impact Justification

Affects multiple major companies with dividend distributions and one significant bonus issue from HDFC Bank