Description

BSE announces shut period schedule for Securities Lending and Borrowing (SLB) transactions due to upcoming corporate actions including dividends and bonus issue across 33 companies.

Summary

BSE has announced the schedule of corporate actions affecting Securities Lending and Borrowing (SLB) securities. This circular details shut periods for 33 companies undertaking corporate actions including 32 dividend distributions and 1 bonus issue. The shut periods will prevent SLB transactions during the specified dates to facilitate smooth processing of corporate actions.

Key Points

  • 33 companies will have SLB shut periods between October 31, 2025 and November 26, 2025
  • 32 companies are declaring dividends with ex-dates and record dates ranging from November 3-21, 2025
  • HDFC Asset Management Company Limited is undertaking a bonus issue with ex-date and record date of November 26, 2025
  • Shut periods typically span 1-3 days around the record date/book closure date
  • All SLB transactions will be suspended for the listed securities during their respective shut periods

Regulatory Changes

No regulatory changes introduced. This is a standard operational circular informing market participants of upcoming SLB restrictions.

Compliance Requirements

  • Market participants must refrain from initiating new SLB transactions in the affected securities during shut periods
  • Existing SLB positions should be managed considering the upcoming shut periods
  • Traders must ensure compliance with the foreclosure dates where applicable (only HDFC AMC has foreclosure date of November 26, 2025)
  • Brokers and intermediaries should update their systems to block SLB transactions during the specified shut periods

Important Dates

November 3, 2025:

  • Supreme Industries Ltd. - Dividend (Shut: Oct 31 - Nov 3)
  • Shree Cements Ltd. - Dividend (Shut: Oct 31 - Nov 3)
  • DCM Shriram Limited - Dividend (Shut: Oct 31 - Nov 3)

November 4, 2025:

  • Coal India Limited - Dividend (Shut: Nov 3-4)
  • Bhansali Engineering Polymers Ltd. - Dividend (Ex-date Nov 4, Shut: Nov 3-5)
  • RailTel Corporation of India Limited - Dividend (Shut: Nov 3-4)
  • Sundram Fasteners Ltd. - Dividend (Shut: Nov 3-4)
  • Mazagon Dock Shipbuilders Limited - Dividend (Shut: Nov 3-4)

November 6, 2025:

  • Share India Securities Limited - Dividend (Shut: Nov 4-6)
  • Hindustan Petroleum Corporation Ltd - Dividend (Shut: Nov 4-6)
  • NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED - Dividend (Shut: Nov 4-6)
  • TD Power Systems Ltd - Dividend (Shut: Nov 4-6)

November 7, 2025:

  • Dabur India Ltd. - Dividend (Shut: Nov 6-7)
  • Computer Age Management Services Limited - Dividend (Shut: Nov 6-7)
  • Aptus Value Housing Finance India Limited - Dividend (Shut: Nov 6-7)
  • Dr. Lal Pathlabs Limited - Dividend (Shut: Nov 6-7)
  • Manappuram Finance Limited - Dividend (Shut: Nov 6-7)
  • Godrej Consumer Products Ltd. - Dividend (Shut: Nov 6-7)
  • Shriram Finance Limited - Dividend (Shut: Nov 6-7)
  • Bharat Petroleum Corpn. Ltd. - Dividend (Shut: Nov 6-7)
  • Sanofi India Ltd - Dividend (Shut: Nov 6-7)

November 10, 2025:

  • Aurionpro Solutions Ltd. - Dividend (Shut: Nov 7-10)
  • Route Mobile Limited - Dividend (Shut: Nov 7-10)

November 11, 2025:

  • Indian Metals & Ferro Alloys Limited - Dividend (Shut: Nov 10-11)
  • Chambal Fertilisers & Chemicals Ltd - Dividend (Shut: Nov 10-11)

November 12, 2025:

  • Sagility Limited - Dividend (Shut: Nov 11-12)
  • Symphony Limited - Dividend (Shut: Nov 11-12)

November 13, 2025:

  • ADF Foods Limited - Dividend (Shut: Nov 12-13)

November 14, 2025:

  • BIRLASOFT LIMITED - Dividend (Shut: Nov 13-14)
  • Oil And Natural Gas Corporation Ltd - Dividend (Shut: Nov 13-14)

November 21, 2025:

  • Indian Railway Catering & Tourism Corporation Ltd - Dividend (Shut: Nov 20-21)

November 26, 2025:

  • HDFC Asset Management Company Limited - Bonus Issue (Foreclosure: Nov 26, Shut: Nov 25-26)

Impact Assessment

Market Impact:

  • Temporary restriction on SLB liquidity for 33 major stocks including blue-chip companies like Coal India, ONGC, BPCL, Dabur, and Shriram Finance
  • Limited impact on cash market trading as restrictions apply only to SLB segment
  • Potential increase in borrowing costs for short sellers ahead of shut periods

Operational Impact:

  • Traders with existing SLB positions must plan exits or extensions around shut periods
  • Reduced availability of securities for lending during peak corporate action season
  • System updates required by brokers to enforce shut period restrictions

Strategic Considerations:

  • Short sellers should close positions or arrange alternative borrowing before shut periods
  • Long-term lenders may find opportunities to negotiate better rates due to reduced supply
  • The concentration of corporate actions in early November may create temporary liquidity constraints in SLB market

Impact Justification

Affects SLB trading operations for 33 major companies with shut periods ranging from November 3-26, 2025. Critical for traders engaged in securities lending and borrowing activities to avoid failed transactions.