Description

Corporate action notification for dividend announcements affecting SLB (Securities Lending and Borrowing) securities for LTIMindtree Limited and Hexaware Technologies Limited.

Summary

BSE has announced corporate actions affecting Securities Lending and Borrowing (SLB) transactions for two companies declaring dividends. LTIMindtree Limited and Hexaware Technologies Limited have announced dividend distributions with specific book closure dates, ex-dates, and shut periods that will impact SLB operations.

Key Points

  • LTIMindtree Limited dividend with book closure/record date and ex-date on October 24, 2025
  • Hexaware Technologies Limited dividend with book closure/record date and ex-date on October 10, 2025
  • SLB shut periods established for both securities during the corporate action period
  • Foreclosure dates not applicable for either security

Regulatory Changes

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

Compliance Requirements

  • SLB participants must note the shut periods and plan their lending/borrowing activities accordingly
  • Positions in these securities should be managed considering the dividend ex-dates
  • Trading members and clearing members should inform their clients about the SLB restrictions during shut periods

Important Dates

LTIMindtree Limited:

  • Book Closure/Record Date: October 24, 2025
  • Ex-Date: October 24, 2025
  • Shut Period: October 23, 2025 to October 24, 2025

Hexaware Technologies Limited:

  • Book Closure/Record Date: October 10, 2025
  • Ex-Date: October 10, 2025
  • Shut Period: October 9, 2025 to October 10, 2025

Impact Assessment

Market Impact: Medium - affects SLB market participants holding or planning to borrow/lend these securities during the specified periods.

Operational Impact: SLB transactions in these securities will not be permitted during the shut periods. Participants need to close or roll over positions before the shut period begins or wait until after the shut period ends. This is standard practice for dividend-related corporate actions and ensures proper settlement of dividend entitlements for SLB transactions.

Impact Justification

Important for SLB participants to manage positions around dividend events and shut periods for two major IT companies