Description

BSE announces shut periods for securities lending and borrowing (SLB) due to corporate actions including BEML stock split and dividends from multiple companies.

Summary

BSE has announced shut periods for Securities Lending and Borrowing (SLB) operations for 8 securities undergoing corporate actions. The actions include one stock split (BEML Ltd) and seven dividend declarations from major companies including TCS, HCL Technologies, CRISIL, and others. SLB participants must close or roll over positions before the respective shut periods.

Key Points

  • 8 securities will have SLB shut periods due to corporate actions
  • BEML Ltd undergoing 1:5 stock split with ex-date November 3, 2025
  • 7 companies declaring dividends with ex-dates ranging from October 15 to November 7, 2025
  • Shut periods range from 2 to 4 days for each security
  • SLB positions cannot be created during shut periods

Corporate Actions Details

Stock Split

  • BEML Ltd: 1:5 stock split, Ex-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

  • SLB market participants must close or roll over existing positions in affected securities before shut period commencement
  • No new SLB positions can be created during the shut periods
  • Members must ensure compliance with book closure and record date requirements
  • Trading members should inform their clients about the SLB restrictions during shut periods

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 shut period

Impact Assessment

This circular has moderate impact on the SLB market segment. Market participants holding or planning to trade in SLB positions for these 8 securities must adjust their strategies around the shut periods. The staggered dates provide advance notice for position management. The BEML stock split may require particular attention due to the longer shut period. Dividend-related shut periods are routine but require operational compliance. Overall market liquidity in SLB segment may be temporarily reduced for these specific securities during their respective shut periods.

Impact Justification

Affects SLB market participants with specific shut periods for 8 securities undergoing corporate actions. Traders need to plan positions around these dates.