Description

BSE notification regarding upcoming corporate actions (dividends and spin-offs) for securities in the Securities Lending and Borrowing (SLB) segment, including IRFC, Anand Rathi Wealth, SKF India, and Tata Motors.

Summary

BSE has announced corporate actions affecting securities available in the Securities Lending and Borrowing (SLB) segment. Four companies have upcoming corporate actions including two dividend payments and two spin-offs scheduled between October 14-24, 2025. SLB participants must manage their positions accordingly before the specified foreclosure dates and shut periods.

Key Points

  • Indian Railway Finance Corporation (IRFC) declaring dividend with ex-date October 24, 2025
  • Anand Rathi Wealth Limited declaring dividend with ex-date October 17, 2025
  • SKF India Ltd. executing spin-off with ex-date October 15, 2025
  • Tata Motors Ltd. executing spin-off with ex-date October 14, 2025
  • All corporate actions have associated shut periods and foreclosure dates for SLB positions
  • Participants in SLB segment must close or manage positions before foreclosure dates

Regulatory Changes

No regulatory changes introduced. This is a standard notification regarding scheduled corporate actions in the SLB segment.

Compliance Requirements

  • SLB participants must be aware of foreclosure dates for securities with corporate actions
  • Lenders and borrowers must manage their SLB positions before the specified foreclosure dates
  • Trading members must inform clients about shut periods when securities will not be available for lending/borrowing
  • Participants should note that SLB transactions will be restricted during shut periods

Important Dates

Tata Motors Ltd. (Spin-Off)

  • Ex-Date: October 14, 2025
  • Foreclosure Date: October 14, 2025
  • Shut Period: October 13-14, 2025

SKF India Ltd. (Spin-Off)

  • Ex-Date: October 15, 2025
  • Foreclosure Date: October 15, 2025
  • Shut Period: October 14-15, 2025

Anand Rathi Wealth Limited (Dividend)

  • Ex-Date: October 17, 2025
  • Record Date: October 17, 2025
  • Shut Period: October 16-17, 2025

Indian Railway Finance Corporation (Dividend)

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

Impact Assessment

Market Impact: Medium - affects liquidity in the SLB segment for four securities during their respective shut periods.

Operational Impact: Participants holding SLB positions in these securities must take action to close or roll over positions before foreclosure dates. The spin-offs for SKF India and Tata Motors require particular attention as they involve fundamental changes to the security structure.

Trading Impact: Securities will not be available for lending or borrowing during shut periods, potentially affecting hedging and arbitrage strategies.

Investor Impact: SLB participants with open positions must monitor these dates carefully to avoid forced closures or penalties. The concentration of multiple corporate actions within a two-week period requires active position management.

Impact Justification

Affects SLB participants with positions in four major securities requiring position management before ex-dates and shut periods