Description

BSE announces dividend and stock split corporate actions for 18 companies in SLB (Securities Lending and Borrowing) with record dates from September 8-23, 2025.

Summary

BSE has issued corporate action notifications for 18 securities under the Securities Lending and Borrowing (SLB) mechanism. The circular covers dividend declarations for 17 companies and one stock split, with record dates ranging from September 8 to September 23, 2025.

Key Points

  • 17 companies declaring dividends with various record dates
  • Tourism Finance Corporation announcing stock split with September 19, 2025 record date
  • Ex-dates align with record dates for most securities
  • Shut periods defined for each corporate action
  • All actions affect SLB trading arrangements

Corporate Actions Details

Immediate Actions (September 8-9, 2025):

  • HFCL Limited, Birla Corporation, KDDL Ltd, Titagarh Rail Systems, ISGEC Heavy Engineering, Tega Industries, Housing & Urban Development Corporation - all with September 9 record date

Mid-September Actions:

  • Cochin Shipyard (September 12), Indraprastha Gas & Phoenix Mills (September 15), Dixon Technologies (September 16)

Later September Actions:

  • SJVN Limited & ACUTAAS Chemicals (September 18)
  • Tourism Finance Corporation (stock split), NLC India, Himatsingka Seide, Bharat Dynamics (September 19)
  • India Glycols (September 23)

Trading Impact

SLB Trading Restrictions:

  • Securities will have shut periods as specified
  • Ex-dates will impact borrowing/lending positions
  • Market participants must adjust SLB positions accordingly

Important Dates

  • Immediate Effect: September 8, 2025 (ex-date for multiple securities)
  • Record Date Range: September 8-23, 2025
  • Shut Periods: Vary by security, typically 1-5 days before record date

Impact Assessment

Moderate impact on SLB market operations due to multiple simultaneous corporate actions. Traders and institutions involved in securities lending/borrowing must monitor shut periods and adjust positions to avoid settlement issues. The concentration of dividend actions in early September may temporarily reduce available inventory for lending.

Impact Justification

Multiple dividend announcements affecting SLB trading for 18 companies with immediate effect dates