Description
BSE announces shut periods for Securities Lending and Borrowing (SLB) due to upcoming corporate actions including stock split and dividend declarations for 8 companies.
Summary
BSE has issued a circular notifying shut periods for Securities Lending and Borrowing (SLB) operations for 8 securities due to upcoming corporate actions. The circular covers both dividend distributions and one stock split, with shut periods commencing as early as October 14, 2025 and extending through early November 2025.
Key Points
- 7 companies announcing dividend distributions with corresponding SLB shut periods
- BEML Ltd announcing stock split (sub-division of equity shares) with shut period from October 31 to November 3, 2025
- Shut periods typically span 1-4 days depending on the corporate action
- Ex-dates and record dates aligned for all corporate actions
- SLB operations will be suspended during the specified shut periods for affected securities
Corporate Actions Details
Stock Split:
- BEML Ltd: Ex-date and Record date November 3, 2025; Shut period October 31 - 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
- Market participants must not initiate or execute SLB transactions for the listed securities during their respective shut periods
- Securities lending and borrowing intermediaries must ensure compliance with the specified shut period restrictions
- Trading members and participants should update their systems to reflect the SLB restrictions during the shut periods
Important Dates
- October 14-15, 2025: TCS SLB shut period
- October 15-16, 2025: Elecon Engineering SLB shut period
- October 16-17, 2025: HCL Technologies and Anand Rathi Wealth SLB shut periods
- October 23-24, 2025: Kajaria Ceramics SLB shut period
- October 24-27, 2025: CRISIL SLB shut period
- October 31 - November 3, 2025: BEML SLB shut period
- November 6-7, 2025: Aptus Value Housing Finance SLB shut period
Impact Assessment
Market Operations Impact: Medium - SLB participants will need to adjust their lending and borrowing strategies for these securities during the shut periods. The staggered timing of shut periods allows for planning and mitigation.
Liquidity Impact: Low to Medium - While SLB operations will be suspended, regular trading will continue. Impact limited to institutional investors and participants specifically engaged in securities lending/borrowing activities.
Operational Impact: Participants must ensure their systems and processes account for these restrictions to avoid failed SLB transactions during the shut periods.
Impact Justification
Affects SLB operations for 8 securities with shut periods ranging from October 14-17 and extending to November. Important for market participants engaged in securities lending/borrowing activities.