Description

Schedule of corporate actions including dividends and bonus issues for securities available in Securities Lending and Borrowing (SLB) segment, covering foreclosure dates and shut periods.

Summary

BSE has announced corporate actions for 12 securities available in the Securities Lending and Borrowing (SLB) segment. The circular details dividend payments for 11 companies and one bonus issue, along with their respective record dates, ex-dates, foreclosure dates, and shut periods during late October to November 2025.

Key Points

  • 11 securities declaring dividends with ex-dates ranging from October 31 to November 18, 2025
  • HDFC Asset Management Company Limited announcing bonus issue with ex-date November 26, 2025
  • Foreclosure date specified only for HDFC AMC bonus issue (November 26, 2025)
  • Shut periods range from 1 to 4 days for different securities
  • All corporate actions impact SLB segment operations during specified shut periods

Regulatory Changes

No regulatory changes. This is an informational circular regarding scheduled corporate actions.

Compliance Requirements

  • SLB participants must close out positions or arrange for foreclosure before the specified shut period begins
  • No new SLB transactions allowed during the shut period for affected securities
  • Participants must ensure settlement of all SLB obligations before the foreclosure date (applicable for HDFC AMC)
  • Market participants should adjust their lending/borrowing strategies considering the ex-dates and record dates

Important Dates

October 2025:

  • October 30-31: PDS LIMITED shut period (Ex-date: October 31)
  • October 31 - November 3: Supreme Industries Ltd., Shree Cements Ltd., DCM Shriram Limited shut periods (Ex-date: November 3)

November 2025:

  • November 3-4: Sundram Fasteners Ltd., Mazagon Dock, Happiest Minds shut periods (Ex-date: November 4)
  • November 6-7: NTPC Limited, Computer Age Management Services shut periods (Ex-date: November 7)
  • November 7-10: Route Mobile Limited shut period (Ex-date: November 10)
  • November 17-18: Asian Paints Ltd. shut period (Ex-date: November 18)
  • November 25-26: HDFC AMC bonus issue shut period (Ex-date & Foreclosure: November 26)

Impact Assessment

Market Impact: Medium - affects liquidity in SLB segment for 12 securities over a month-long period. Participants need to plan position management around multiple shut periods.

Operational Impact: SLB market participants must track multiple foreclosure timelines and ensure timely settlement. The HDFC AMC bonus issue requires special attention due to the specified foreclosure date. Traders maintaining short positions through SLB need to factor in dividend obligations and bonus adjustments.

Liquidity Impact: Temporary reduction in SLB availability for these securities during respective shut periods, potentially affecting hedging and arbitrage strategies.

Impact Justification

Important for SLB market participants to be aware of foreclosure dates and shut periods for 12 securities undergoing corporate actions including dividends and bonus issue