Description
BSE revises record dates and ex-dates for multiple debt securities corporate actions due to settlement holiday change from September 5 to September 8, 2025.
Summary
BSE has revised the record dates and ex-dates for corporate actions of multiple debt securities due to a change in settlement holiday from September 5, 2025 to September 8, 2025. The revised ex-date and record date for all affected securities is now September 9, 2025 and September 8, 2025 respectively.
Key Points
- Settlement holiday changed from September 5 to September 8, 2025
- All affected debt securities now have ex-date of September 9, 2025
- All affected debt securities now have record date of September 8, 2025
- Corporate actions include interest payments, NCD redemptions, bond interest payments, and commercial paper redemptions
- 28 different debt securities from various issuers are affected
Regulatory Changes
No regulatory framework changes, only operational adjustment due to settlement calendar revision.
Compliance Requirements
- Market participants must note the revised record dates and ex-dates
- Trading and settlement systems should be updated with new dates
- Investors holding debt securities should be aware of revised corporate action dates
Important Dates
- Revised Ex-date: September 9, 2025
- Revised Record Date: September 8, 2025
- Original Settlement Holiday: September 5, 2025 (changed)
- New Settlement Holiday: September 8, 2025
Impact Assessment
Moderate operational impact as multiple debt securities from major financial institutions are affected. The revision ensures proper settlement cycles are maintained despite the holiday calendar change. Investors and market participants need to adjust their corporate action expectations accordingly.
Impact Justification
Affects multiple debt securities and their corporate action timelines due to settlement holiday revision