Description
Corporate action schedule for SLB (Securities Lending and Borrowing) securities covering dividends for 28 companies and amalgamations for 2 companies during October-November 2025.
Summary
BSE has announced corporate actions affecting 30 securities in the Securities Lending and Borrowing (SLB) segment. The circular covers 28 dividend actions and 2 amalgamation actions scheduled between October 27, 2025 and November 19, 2025. Each corporate action includes specific ex-dates, record dates, foreclosure dates (for amalgamations), and shut periods during which SLB contracts will be restricted.
Key Points
- 28 companies declaring dividends with ex-dates ranging from October 27 to November 19, 2025
- 2 companies undergoing amalgamation: Dhani Services Limited (ex-date October 28) and Mangalore Chemicals & Fertilisers (ex-date October 31)
- All securities will have shut periods starting 1-3 days before the ex-date
- Amalgamation actions include foreclosure dates in addition to shut periods
- Immediate action required for securities with ex-date October 27, 2025: REC Limited, Tanla Platforms, L&T Technology Services, Infosys, CESC Limited, 360 ONE WAM, CRISIL, Central Bank of India, and PCBL Chemical
Regulatory Changes
No new regulatory framework changes introduced. This circular implements existing corporate action procedures for SLB securities as per established BSE regulations.
Compliance Requirements
- SLB market participants must honor shut periods during which new lending/borrowing contracts cannot be initiated for affected securities
- For amalgamation actions, existing SLB positions must be foreclosed by the specified foreclosure date
- Trading members must ensure clients are informed about restrictions during shut periods
- Settlement obligations for existing SLB contracts must be completed before shut period commencement
Important Dates
Immediate Actions (October 27, 2025):
- REC Limited, Tanla Platforms, L&T Technology Services, Infosys, CESC Limited, 360 ONE WAM, CRISIL, Central Bank of India, PCBL Chemical: Ex-date and Record date October 27, 2025; Shut period October 24-27
October 28, 2025:
- Dhani Services Limited (Amalgamation): Ex-date October 28; Foreclosure October 28; Shut period October 27-28
October 31, 2025:
- NRB Bearings, Laurus Labs, Supreme Petrochem, Coforge, PDS Limited: Ex-date October 31; Shut periods October 30-31
- Mangalore Chemicals & Fertilisers (Amalgamation): Ex-date October 31; Foreclosure October 31; Shut period October 30-31
November 2025 Actions:
- November 3: Colgate-Palmolive, DCM Shriram, Oracle Financial Services
- November 4: RailTel Corporation
- November 6: Share India Securities
- November 7: Dabur India, Balkrishna Industries, Godrej Consumer Products, Hindustan Unilever
- November 10: Ajanta Pharma, Power Grid Corporation
- November 11: Garden Reach Shipbuilders & Engineers
- November 19: Page Industries
Past Action:
- Symphony Limited: Ex-date August 7, 2025 (likely historical reference or correction)
Impact Assessment
Market Impact: Medium - affects 30 actively traded securities in the SLB segment, potentially impacting liquidity for securities lending/borrowing during shut periods.
Operational Impact: Trading and clearing members must track multiple shut periods across different dates, requiring operational coordination to prevent non-compliant SLB contract creation.
Investor Impact: Investors holding short positions via SLB must be aware of foreclosure requirements for amalgamation cases (Dhani Services, Mangalore Chemicals) and restricted lending/borrowing during shut periods for all dividend actions.
Liquidity Impact: Temporary reduction in SLB availability for these securities during shut periods, which may affect short-selling strategies and arbitrage opportunities.
Impact Justification
Affects 30 securities in SLB segment with multiple dividend and amalgamation corporate actions requiring foreclosure and shut periods