Description

BSE notification regarding dividend and spin-off corporate actions for Indian Railway Finance Corporation, Anand Rathi Wealth Limited, SKF India Ltd., and Tata Motors Ltd.

Summary

BSE has announced corporate actions for four securities in the Securities Lending and Borrowing (SLB) segment. The circular details dividend actions for Indian Railway Finance Corporation and Anand Rathi Wealth Limited, and spin-off actions for SKF India Ltd. and Tata Motors Ltd., scheduled between October 14-24, 2025.

Key Points

  • Four securities affected by corporate actions in SLB segment
  • Two dividend actions and two spin-off actions announced
  • Actions scheduled across October 14-24, 2025
  • Shut periods apply to all securities during their respective corporate actions
  • Foreclosure dates apply only to spin-off actions

Corporate Actions Details

Dividend Actions

Indian Railway Finance Corporation (IRFC)

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

Anand Rathi Wealth Limited

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

Spin-Off Actions

SKF India Ltd.

  • Book Closure/Record Date: October 15, 2025
  • Ex Date: October 15, 2025
  • Foreclosure Date: October 15, 2025
  • Shut Period: October 14-15, 2025

Tata Motors Ltd.

  • Book Closure/Record Date: October 14, 2025
  • Ex Date: October 14, 2025
  • Foreclosure Date: October 14, 2025
  • Shut Period: October 13-14, 2025

Compliance Requirements

  • Market participants must observe the shut periods for SLB transactions
  • Securities lending and borrowing activities will be restricted during shut periods
  • Foreclosure requirements apply to existing SLB positions for spin-off securities

Important Dates

  • October 13-14, 2025: Tata Motors shut period
  • October 14, 2025: Tata Motors ex-date, record date, and foreclosure date
  • October 14-15, 2025: SKF India shut period
  • October 15, 2025: SKF India ex-date, record date, and foreclosure date
  • October 16-17, 2025: Anand Rathi Wealth shut period
  • October 17, 2025: Anand Rathi Wealth ex-date and record date
  • October 23-24, 2025: IRFC shut period
  • October 24, 2025: IRFC ex-date and record date

Impact Assessment

Market Impact: Medium - affects four actively traded securities in the SLB segment. Market participants with lending/borrowing positions need to adjust their strategies around these dates.

Operational Impact: Medium - requires coordination between market participants, clearing corporations, and depositories to ensure smooth execution of corporate actions and proper handling of SLB positions during shut periods and foreclosure dates.

Impact Justification

Standard corporate action notification affecting multiple securities with scheduled dividend payments and spin-offs