Description
BSE announces foreclosure of SLB positions for 16 securities undergoing corporate actions including dividends, buyback, and stock split during November 2025.
Summary
BSE has announced the foreclosure of Securities Lending and Borrowing (SLB) positions for 16 securities undergoing various corporate actions in November 2025. The circular mandates that all open SLB positions in these securities must be closed during the specified shut periods to facilitate proper settlement of corporate actions including dividends, buyback, and stock split.
Key Points
- 16 securities will have SLB foreclosure periods due to corporate actions
- 13 securities undergoing dividend distribution
- 1 security (GHCL Ltd.) undergoing buyback of shares
- 1 security (Websol Energy System Limited) undergoing stock split
- Foreclosure periods range from 1-4 days depending on the corporate action
- Ex-dates span from November 7 to November 21, 2025
Corporate Actions Breakdown
Dividends (13 securities)
- Godfrey Phillips India Ltd. - Ex Date: Nov 10, 2025
- Oil And Natural Gas Corporation Ltd - Ex Date: Nov 14, 2025
- Bharat Petroleum Corpn. Ltd. - Ex Date: Nov 7, 2025
- Balkrishna Industries Ltd. - Ex Date: Nov 7, 2025
- Gabriel India Ltd. - Ex Date: Nov 21, 2025
- Shriram Finance Limited - Ex Date: Nov 7, 2025
- ADF Foods Limited - Ex Date: Nov 13, 2025
- Ajanta Pharma Ltd. - Ex Date: Nov 10, 2025
- Godrej Consumer Products Ltd. - Ex Date: Nov 7, 2025
- Power Grid Corporation of India Limited - Ex Date: Nov 10, 2025
- Dr. Lal Pathlabs Limited - Ex Date: Nov 7, 2025
- Housing & Urban Development Corporation Ltd. - Ex Date: Nov 19, 2025
- Aptus Value Housing Finance India Limited - Ex Date: Nov 7, 2025
- R R Kabel Limited - Ex Date: Nov 7, 2025
Buyback
- GHCL Ltd. - Ex Date: Nov 14, 2025, Foreclosure Date: Nov 14, 2025
Stock Split
- Websol Energy System Limited - Ex Date: Nov 14, 2025
Compliance Requirements
- SLB participants must ensure all open positions in the listed securities are foreclosed during the specified shut periods
- No new SLB positions can be created during the shut periods
- Participants must settle their obligations before the shut period commences
- Market intermediaries must update their systems to prevent trading during foreclosure periods
Important Dates
November 6-7, 2025: Shut period for 7 securities (BPCL, BALKRISIND, SHRIRAMFIN, GODREJCP, LALPATHLAB, APTUS, RRKABEL)
November 7-10, 2025: Shut period for 3 securities (GODFRYPHLP, AJANTPHARM, POWERGRID)
November 12-13, 2025: Shut period for ADFFOODS
November 13-14, 2025: Shut period for 3 securities (GHCL, ONGC, WEBELSOLAR)
November 18-19, 2025: Shut period for HUDCO
November 20-21, 2025: Shut period for GABRIELIND
Impact Assessment
Market Operations: SLB participants with open positions in these 16 securities must plan for mandatory position closure, which may impact their lending/borrowing strategies and hedging activities.
Liquidity: Temporary reduction in SLB liquidity for affected securities during shut periods, potentially affecting short-selling and arbitrage strategies.
Settlement Risk: Foreclosure mechanism ensures smooth settlement of corporate actions and prevents complications arising from open SLB positions during record dates.
Trading Strategy: Traders and market makers need to adjust their positions ahead of shut periods to avoid forced closures and potential penalties.
Impact Justification
Affects SLB participants holding positions in 16 securities undergoing corporate actions; requires mandatory foreclosure of positions during specified shut periods to ensure settlement integrity.