Corporate Action in SLB Securities - Dividend Announcements for LTIMindtree and Hexaware Technologies

Description

BSE circular announcing dividend corporate actions and shut periods for LTIMindtree Limited and Hexaware Technologies Limited in Securities Lending and Borrowing (SLB) segment.

Summary

BSE has announced corporate actions for two securities in the Securities Lending and Borrowing (SLB) segment. LTIMindtree Limited and Hexaware Technologies Limited have declared dividends with specified ex-dates, record dates, and shut periods during which SLB transactions will be restricted.

Key Points

• Two companies have dividend corporate actions affecting SLB securities
• LTIMindtree Limited: Ex-date and record date on October 24, 2025
• Hexaware Technologies Limited: Ex-date and record date on October 10, 2025
• Shut periods have been specified for both securities during which SLB operations will be suspended
• No foreclosure dates specified for either security

Regulatory Changes

No regulatory changes introduced. This is a routine corporate action notification for SLB segment participants.

Compliance Requirements

• SLB participants must note the shut periods and cannot enter into new lending/borrowing transactions during these periods
• Market participants should adjust their positions before the shut period begins
• Existing SLB positions must be managed considering the dividend ex-date and record date

Important Dates

Hexaware Technologies Limited:

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

LTIMindtree Limited:

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

Impact Assessment

Market Impact: Medium - The shut periods will temporarily restrict SLB activity for these two major IT sector securities, potentially affecting liquidity and borrowing costs for short sellers and institutional investors.

Operational Impact: SLB participants need to plan their lending and borrowing strategies around these shut periods. Securities cannot be lent or borrowed during the specified shut periods, which may impact hedging and arbitrage strategies. The dividend payment will also affect the economics of existing SLB positions, as borrowers typically compensate lenders for dividend payments.

Impact Justification

Dividend corporate actions affecting SLB operations for two major IT companies with specific shut periods that impact securities lending and borrowing activities.