Description

BSE announces shut periods for Securities Lending and Borrowing (SLB) for 8 securities undergoing corporate actions including BEML stock split and dividends from multiple companies.

Summary

BSE has announced shut periods for Securities Lending and Borrowing (SLB) activities in 8 securities undergoing corporate actions. The shut periods are scheduled between October 14, 2025 and November 7, 2025, affecting one stock split (BEML Ltd) and seven dividend distributions.

Key Points

  • 8 securities will have SLB shut periods due to corporate actions
  • BEML Ltd undergoing stock split with ex-date November 3, 2025
  • 7 companies declaring dividends with ex-dates ranging from October 15 to November 7, 2025
  • All affected securities will have restricted SLB activities during their respective shut periods
  • Shut periods typically span 2-4 days for each security

Corporate Actions Details

Stock Split

  • BEML Ltd: Stock split with record date and ex-date on November 3, 2025; shut period from October 31 to November 3, 2025

Dividends

  • Tata Consultancy Services Ltd: Ex-date October 15, 2025; shut period October 14-15, 2025
  • Elecon Engineering Co. Ltd: Ex-date October 16, 2025; shut period October 15-16, 2025
  • HCL Technologies Ltd: Ex-date October 17, 2025; shut period October 16-17, 2025
  • Anand Rathi Wealth Limited: Ex-date October 17, 2025; shut period October 16-17, 2025
  • Kajaria Ceramics Ltd: Ex-date October 24, 2025; shut period October 23-24, 2025
  • CRISIL Ltd: Ex-date October 27, 2025; shut period October 24-27, 2025
  • Aptus Value Housing Finance India Limited: Ex-date November 7, 2025; shut period November 6-7, 2025

Compliance Requirements

  • SLB participants must not initiate new lending or borrowing transactions in the affected securities during shut periods
  • Existing SLB positions may be subject to foreclosure requirements as specified
  • Trading members must ensure compliance with shut period restrictions
  • Market participants should plan their SLB strategies accounting for these restrictions

Important Dates

  • October 14-15, 2025: TCS shut period
  • October 15-16, 2025: Elecon Engineering shut period
  • October 16-17, 2025: HCL Technologies and Anand Rathi Wealth shut periods
  • October 23-24, 2025: Kajaria Ceramics shut period
  • October 24-27, 2025: CRISIL shut period
  • October 31 - November 3, 2025: BEML shut period
  • November 6-7, 2025: Aptus Value Housing Finance shut period

Impact Assessment

The shut periods will temporarily restrict SLB activities in these 8 securities, affecting market participants who rely on securities lending and borrowing for hedging, arbitrage, or short-selling strategies. Participants should plan position management and foreclosures accordingly. The concentration of multiple shut periods in mid-October may require careful portfolio management for SLB market participants with exposure to multiple affected securities.

Impact Justification

Affects SLB trading operations for 8 securities with specific shut periods; important for participants in securities lending and borrowing activities