Description

BSE notification detailing shut periods for Securities Lending and Borrowing (SLB) due to corporate actions including dividends for 31 companies and bonus issue for HDFC AMC.

Summary

BSE has announced shut periods for Securities Lending and Borrowing (SLB) across 32 securities due to upcoming corporate actions. The circular covers 31 dividend announcements and 1 bonus issue (HDFC Asset Management Company Limited) scheduled between November 3-26, 2025. During these shut periods, SLB trading will be suspended for the respective securities.

Key Points

  • 31 companies declaring dividends with ex-dates ranging from November 3-21, 2025
  • HDFC Asset Management Company Limited announcing bonus issue with ex-date November 26, 2025
  • Shut periods typically span 1-3 days depending on the corporate action
  • Record dates align with ex-dates for all listed corporate actions
  • All securities will have foreclosure dates only for the bonus issue (HDFC AMC)

Corporate Actions Schedule

Early November (Nov 3-7)

  • November 3: Supreme Industries, Shree Cements, DCM Shriram
  • November 4: Coal India, RailTel, Sundram Fasteners, Mazagon Dock, Bhansali Engineering Polymers (ex-date Nov 4, shut period starts Nov 3)
  • November 6: Share India Securities, Hindustan Petroleum, NIPPON LIFE India AMC, TD Power Systems
  • November 7: Dabur India, Computer Age Management Services, Aptus Value Housing Finance, Dr. Lal Pathlabs, Manappuram Finance, Godrej Consumer Products, Shriram Finance, Bharat Petroleum, Sanofi India

Mid November (Nov 10-14)

  • November 10: Aurionpro Solutions, Route Mobile
  • November 11: Indian Metals & Ferro Alloys, Chambal Fertilisers
  • November 12: Sagility Limited, Symphony Limited
  • November 14: BIRLASOFT, Oil And Natural Gas Corporation

Late November (Nov 21-26)

  • November 21: Indian Railway Catering & Tourism Corporation
  • November 26: HDFC Asset Management Company (Bonus Issue with foreclosure date)

Compliance Requirements

  • Market participants must not initiate new SLB transactions for affected securities during shut periods
  • Existing SLB positions must be managed considering the shut period restrictions
  • Traders should note the foreclosure date for HDFC AMC bonus issue (November 26, 2025)
  • All participants must comply with the specified shut period timings for each security

Important Dates

  • Earliest Shut Period Start: October 31, 2025 (Supreme Industries, Shree Cements, DCM Shriram)
  • Latest Shut Period End: November 26, 2025 (HDFC AMC)
  • Peak Activity Period: November 6-7, 2025 (11 securities with ex-dates)
  • Bonus Issue: HDFC AMC - Ex-date and Foreclosure: November 26, 2025

Impact Assessment

Market Impact: Medium - Affects SLB market liquidity for 32 securities over a 24-day period. The concentration of 11 dividend ex-dates on November 6-7 may create temporary liquidity constraints in the SLB segment.

Trading Impact: SLB participants will need to plan their lending and borrowing strategies around these shut periods. The variety of securities affected spans multiple sectors including oil & gas, FMCG, financial services, pharmaceuticals, and manufacturing.

Operational Impact: Market participants must track multiple shut periods across different securities and adjust their SLB positions accordingly. The bonus issue for HDFC AMC requires special attention due to the foreclosure date requirement.

Impact Justification

Affects SLB trading for 32 securities with shut periods ranging from November 3-26, 2025. Important for traders engaged in securities lending and borrowing activities during dividend and bonus issue corporate actions.