Description

BSE announces shut periods for Securities Lending and Borrowing (SLB) transactions due to corporate actions including dividends from 12 companies and bonus issue from HDFC AMC.

Summary

BSE has announced shut periods for Securities Lending and Borrowing (SLB) transactions for 12 securities undergoing corporate actions. The actions include 11 dividend declarations and 1 bonus issue. During the shut periods, SLB transactions will not be permitted for the affected securities to facilitate proper execution of corporate actions.

Key Points

  • 12 securities will have SLB shut periods between October 30, 2025 and November 26, 2025
  • 11 companies declaring dividends with record dates ranging from October 31 to November 18, 2025
  • HDFC Asset Management Company Limited announcing bonus issue with record date November 26, 2025
  • Shut periods range from 1 to 4 days per security
  • Foreclosure date applicable only for HDFC AMC bonus issue (November 26, 2025)

Regulatory Changes

No regulatory changes. 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 for affected securities during specified shut periods
  • Existing SLB positions should be managed considering the upcoming shut periods
  • Traders and clearing members must note ex-dates and record dates for settlement planning

Important Dates

Dividend Record Dates:

  • October 31, 2025: PDS Limited (Shut: Oct 30-31)
  • November 3, 2025: Supreme Industries, Shree Cements, DCM Shriram (Shut: Oct 31-Nov 3)
  • November 4, 2025: Sundram Fasteners, Mazagon Dock, Happiest Minds (Shut: Nov 3-4)
  • November 7, 2025: NTPC, Computer Age Management Services (Shut: Nov 6-7)
  • November 10, 2025: Route Mobile (Shut: Nov 7-10)
  • November 18, 2025: Asian Paints (Shut: Nov 17-18)

Bonus Issue:

  • November 26, 2025: HDFC AMC (Shut: Nov 25-26, Foreclosure: Nov 26)

Impact Assessment

Market Impact: Medium - affects liquidity in SLB segment for 12 blue-chip securities across multiple sectors including paints, cement, IT, power, and financial services.

Operational Impact: Market participants using SLB for hedging, arbitrage, or short-selling strategies must plan around shut periods. The staggered dates allow for sequential management of positions.

Investor Impact: Shareholders planning to lend securities must ensure positions are not locked in SLB during record dates to receive corporate benefits. The HDFC AMC bonus issue requires particular attention due to foreclosure provisions.

Impact Justification

Affects SLB transactions for 12 securities with scheduled shut periods for corporate actions, requiring traders to plan accordingly