Description

BSE circular detailing corporate actions including dividends, buyback, spin-off, and stock split affecting 25 securities in the Securities Lending and Borrowing (SLB) segment with foreclosure dates and shut periods.

Summary

BSE has announced corporate actions affecting 25 securities in the Securities Lending and Borrowing (SLB) segment during November 2025. The circular mandates foreclosure of SLB positions and specifies shut periods for various corporate actions including 22 dividend declarations, 1 buyback (Infosys), 1 spin-off (Allcargo Logistics), and 1 stock split (Websol Energy). All affected securities will have trading restrictions during their respective shut periods ranging from November 7-21, 2025.

Key Points

  • 25 securities affected by corporate actions in SLB segment
  • 22 companies declaring dividends with ex-dates between November 10-21, 2025
  • Infosys Limited conducting buyback with ex-date and foreclosure on November 14, 2025
  • Allcargo Logistics undergoing spin-off with foreclosure required by November 12, 2025
  • Websol Energy System Limited executing stock split on November 14, 2025
  • All securities subject to shut periods preventing new SLB positions during corporate action processing
  • Foreclosure dates specified for buyback and spin-off transactions
  • Ex-dates and record dates aligned for all corporate actions

Regulatory Changes

No new regulatory changes introduced. This circular implements existing BSE regulations requiring foreclosure of Securities Lending and Borrowing positions ahead of corporate actions to ensure proper entitlement distribution to beneficial owners.

Compliance Requirements

  • Market participants must foreclose all outstanding SLB positions in affected securities before the specified foreclosure/shut period dates
  • No new SLB transactions permitted during shut periods for each security
  • Lending and borrowing positions must be closed for Infosys by November 14, 2025 (buyback)
  • Allcargo Logistics SLB positions must be foreclosed by November 12, 2025 (spin-off)
  • Compliance required for all 22 dividend-related securities during their respective shut periods
  • Stock exchange members must ensure clients are informed of foreclosure requirements

Important Dates

November 10, 2025:

  • Aurionpro Solutions, Route Mobile: Ex-date and record date (Dividend)
  • Shut periods: November 7-10, 2025

November 11, 2025:

  • Garden Reach Shipbuilders, Nuvama Wealth, Chambal Fertilisers, Chalet Hotels, Metropolis Healthcare, Saregama India, Astral Limited: Ex-date and record date (Dividend)
  • Shut periods: November 10-11, 2025

November 12, 2025:

  • Kaveri Seed, Symphony Limited, Gujarat Pipavav Port: Ex-date and record date (Dividend)
  • Allcargo Logistics: Ex-date, record date, and foreclosure date (Spin-off)
  • Shut periods: November 11-12, 2025

November 13, 2025:

  • Amara Raja Energy & Mobility, Patanjali Foods: Ex-date and record date (Dividend)
  • Shut periods: November 12-13, 2025

November 14, 2025:

  • JM Financial, Birlasoft, Nava Limited, Pricol Limited, K.P. Energy, KPI Green Energy, Websol Energy: Ex-date and record date
  • Infosys: Ex-date, record date, and foreclosure date (Buyback)
  • Shut periods: November 13-14, 2025

November 18, 2025:

  • Precision Wires India: Ex-date and record date (Dividend)
  • Shut period: November 17-18, 2025

November 21, 2025:

  • M.R.F. Limited: Ex-date and record date (Dividend)
  • Shut period: November 20-21, 2025

Impact Assessment

Market Impact: High - affects 25 actively traded securities including major companies like Infosys, MRF, and Allcargo Logistics. The buyback and spin-off transactions require mandatory foreclosure, creating forced unwinding of SLB positions.

Trading Impact: SLB participants must close positions ahead of shut periods, potentially affecting liquidity and borrowing costs for these securities. The concentration of corporate actions between November 10-14 may create operational pressure on clearing systems.

Investor Impact: Beneficial owners holding shares through SLB arrangements must ensure positions are settled to receive corporate action benefits including dividends, buyback participation, and spin-off entitlements.

Operational Impact: Market intermediaries, custodians, and clearing corporations must process foreclosures systematically across 25 securities within compressed timeframes, particularly during the November 10-14 period when 18 securities are simultaneously affected.

Impact Justification

Affects 25 securities in SLB segment with mandatory foreclosure requirements for significant corporate actions including Infosys buyback, Allcargo spin-off, and multiple dividend distributions requiring immediate action by market participants.