Description

Securities Lending and Borrowing (SLB) corporate action schedule for 12 securities including dividends and bonus issue with shut periods from October 30 to November 26, 2025.

Summary

BSE announces corporate action schedules for Securities Lending and Borrowing (SLB) transactions affecting 12 securities. The circular details shut periods, record dates, and ex-dates for 11 dividend declarations and 1 bonus issue. SLB transactions will be restricted during the specified shut periods to prevent settlement complications during corporate actions.

Key Points

  • 12 securities will undergo corporate actions between October 30 and November 26, 2025
  • 11 securities declaring dividends with varying record dates
  • 1 bonus issue by HDFC Asset Management Company Limited on November 26, 2025
  • SLB shut periods range from 1 to 4 days depending on the corporate action
  • All ex-dates coincide with record dates for the listed securities
  • PDS Limited has the earliest action with October 31, 2025 as record date
  • Asian Paints has the latest dividend record date of November 18, 2025

Regulatory Changes

No new regulatory changes introduced. This is a standard operational circular implementing existing SLB framework rules for corporate action periods.

Compliance Requirements

  • Market participants must not initiate new SLB transactions in the affected securities during shut periods
  • Existing SLB positions must be monitored for potential early closure requirements
  • Clearing members should ensure clients are aware of restrictions during shut periods
  • Settlement obligations must be fulfilled before shut period commencement to avoid penalties

Important Dates

Immediate Actions:

  • October 30, 2025: Shut period begins for PDS Limited
  • October 31, 2025: Record date and ex-date for PDS Limited dividend
  • October 31, 2025: Shut period begins for Supreme Industries, Shree Cements, and DCM Shriram

November 2025 Schedule:

  • November 3, 2025: Record/ex-date for Supreme Industries, Shree Cements, DCM Shriram
  • November 3, 2025: Shut period begins for Sundram Fasteners, Mazagon Dock, Happiest Minds
  • November 4, 2025: Record/ex-date for Sundram Fasteners, Mazagon Dock, Happiest Minds
  • November 6, 2025: Shut period begins for NTPC and CAMS
  • November 7, 2025: Record/ex-date for NTPC and Computer Age Management Services
  • November 7, 2025: Shut period begins for Route Mobile
  • November 10, 2025: Record/ex-date for Route Mobile dividend
  • November 17, 2025: Shut period begins for Asian Paints
  • November 18, 2025: Record/ex-date for Asian Paints dividend
  • November 25, 2025: Shut period begins for HDFC AMC
  • November 26, 2025: Record/ex-date and foreclosure date for HDFC AMC bonus issue

Impact Assessment

Market Impact: Medium - Affects liquidity in SLB market for 12 major securities including large-cap stocks like NTPC, Asian Paints, and Shree Cements. Temporary reduction in available securities for lending during shut periods.

Operational Impact: Market participants engaged in SLB activities must plan transactions carefully to avoid the specified shut periods. Institutional investors using securities lending for yield enhancement will face temporary restrictions.

Trading Impact: No impact on regular cash market trading. Only SLB segment transactions are affected during shut periods. The bonus issue by HDFC AMC will result in foreclosure of all SLB positions on November 26, 2025.

Sectoral Distribution: Affected securities span multiple sectors including chemicals (Supreme, Shree Cements, Asian Paints), technology (Route Mobile, Happiest Minds, CAMS), infrastructure (Sundram Fasteners, Mazagon Dock), utilities (NTPC), diversified (DCM Shriram), and financial services (HDFC AMC, PDS Limited).

Impact Justification

Operational circular affecting SLB transactions for 12 securities during corporate action periods. Important for traders engaged in securities lending and borrowing activities to avoid settlement issues.