Description

BSE circular detailing corporate actions including dividends and amalgamations for 30 securities, with book closure dates, ex-dates, and shut periods.

Summary

BSE has issued a circular announcing corporate actions for 30 securities eligible for Securities Lending and Borrowing (SLB). The circular includes 28 dividend declarations and 2 amalgamations, with events scheduled between October 27, 2025 and November 19, 2025. The circular specifies book closure dates, record dates, ex-dates, foreclosure dates (for amalgamations), and shut periods for SLB transactions.

Key Points

  • 28 securities declaring dividends with ex-dates ranging from October 27 to November 19, 2025
  • 2 amalgamation events: Dhani Services Limited (Oct 28) and Mangalore Chemicals & Fertilisers (Oct 31)
  • SLB shut periods specified for all corporate actions, typically 1-4 days
  • Major companies affected include Infosys, Hindustan Unilever, Dabur, Power Grid, and REC
  • Foreclosure dates applicable only for amalgamation events
  • All events include specific book closure/record dates matching ex-dates

Regulatory Changes

No new regulatory changes introduced. This is a routine operational circular informing market participants of scheduled corporate actions affecting SLB securities.

Compliance Requirements

  • SLB participants must observe shut periods during which lending/borrowing of affected securities will be restricted
  • Market participants should note ex-dates for dividend entitlement and amalgamation adjustments
  • Foreclosure of SLB positions required for amalgamation events on specified dates
  • Trading and settlement systems must reflect corporate action adjustments on ex-dates

Important Dates

Immediate (October 27, 2025):

  • REC Limited, TANLA Platforms, L&T Technology Services, Infosys, CESC, 360 ONE WAM, CRISIL, Central Bank of India, PCBL Chemical - Dividend ex-date

October 28, 2025:

  • Dhani Services - Amalgamation ex-date and foreclosure

October 31, 2025:

  • NRB Bearings, Laurus Labs, Mangalore Chemicals & Fertilisers (Amalgamation), Supreme Petrochem, COFORGE, PDS Limited - Ex-dates

November 2025:

  • Multiple dividend ex-dates for major companies including Dabur (Nov 7), Hindustan Unilever (Nov 7), Power Grid (Nov 10), Page Industries (Nov 19)

Historical Date:

  • Symphony Limited - August 7, 2025 (likely prior announcement)

Impact Assessment

Market Impact: Medium - affects 30 actively traded securities across various sectors including IT, FMCG, infrastructure, banking, and manufacturing. The dividend declarations are positive for shareholders but may cause temporary price adjustments on ex-dates.

Operational Impact: Medium - SLB participants must manage positions carefully during shut periods, potentially affecting liquidity and borrowing costs for these securities. The 1-4 day shut periods will temporarily restrict lending/borrowing activity.

Investor Impact: Shareholders must hold securities before record dates to qualify for dividends. The amalgamation events for Dhani Services and Mangalore Chemicals & Fertilisers require special attention from investors and will result in mandatory position closures in the SLB segment on foreclosure dates.

Impact Justification

Affects 30 securities with upcoming corporate actions impacting SLB lending operations and shareholder entitlements across multiple sectors