Description

BSE announces shut periods for Securities Lending and Borrowing (SLB) for 23 companies declaring dividends, with ex-dates ranging from November 11-26, 2025.

Summary

BSE has announced corporate actions affecting Securities Lending and Borrowing (SLB) operations for 23 companies declaring dividends. These companies will have shut periods during their respective book closure/record dates, during which SLB transactions will be suspended. The shut periods range from November 10, 2025 to November 26, 2025, with ex-dates spanning November 11-26, 2025.

Key Points

  • 23 companies have announced dividend declarations requiring SLB shut periods
  • All corporate actions are dividend-related
  • Shut periods are enforced one day before the record date through the record date itself
  • Ex-dates align with book closure/record dates for all securities
  • Major companies include Sun TV Network, Ashok Leyland, Info Edge, Petronet LNG, Power Finance Corporation, and National Aluminium
  • No foreclosure dates specified for any of the securities

Regulatory Changes

No new regulatory changes. This circular implements existing SLB framework requirements for corporate actions.

Compliance Requirements

  • Market participants must not initiate new SLB transactions for affected securities during specified shut periods
  • Existing SLB positions must be managed considering the shut period restrictions
  • Trading systems will enforce automatic suspension of SLB activities during shut periods
  • Investors and brokers must plan SLB strategies around these corporate action dates

Important Dates

November 11, 2025 (Ex-Date)

  • Indian Metals & Ferro Alloys Limited (Shut: Nov 10-11)

November 13, 2025 (Ex-Date)

  • ADF Foods Limited (Shut: Nov 12-13)
  • Great Eastern Shipping Co. Ltd. (Shut: Nov 12-13)
  • Patanjali Foods Limited (Shut: Nov 12-13)

November 14, 2025 (Ex-Date)

  • GARWARE TECHNICAL FIBRES LIMITED (Shut: Nov 13-14)
  • PETRONET LNG LTD. (Shut: Nov 13-14)
  • Safari Industries (India) Ltd. (Shut: Nov 13-14)
  • NAVA LIMITED (Shut: Nov 13-14)
  • Pricol Limited (Shut: Nov 13-14)
  • K.P. Energy Limited (Shut: Nov 13-14)
  • National Aluminium Co. Ltd. (Shut: Nov 13-14)
  • MOIL Limited (Shut: Nov 13-15, Ex-Date Nov 14)
  • KDDL Ltd (Shut: Nov 13-14)
  • Bayer CropScience Limited (Shut: Nov 13-14)
  • Emami Ltd (Shut: Nov 13-14)
  • KPI Green Energy Limited (Shut: Nov 13-14)

November 18, 2025 (Ex-Date)

  • Ashok Leyland Ltd. (Shut: Nov 17-18)
  • Venus Pipes & Tubes Limited (Shut: Nov 17-18)

November 19, 2025 (Ex-Date)

  • Shipping Corporation Of India Ltd (Shut: Nov 18-19)
  • Housing & Urban Development Corporation Ltd. (Shut: Nov 18-19)

November 20, 2025 (Ex-Date)

  • SUN TV NETWORK LIMITED (Shut: Nov 19-20)

November 21, 2025 (Ex-Date)

  • Info Edge (India) Ltd. (Shut: Nov 20-21)

November 26, 2025 (Ex-Date)

  • Power Finance Corporation Ltd (Shut: Nov 25-26)

Impact Assessment

Market Impact: Medium - affects liquidity in SLB segment for 23 securities across sectors including shipping, energy, FMCG, auto, and real estate. However, cash market trading remains unaffected.

Operational Impact: Medium - SLB participants must adjust their lending/borrowing strategies and ensure positions are squared off or rolled over before shut periods. Automated trading systems need to account for these restrictions.

Investor Impact: Low to Medium - primarily affects institutional investors and proprietary traders using SLB mechanisms. Retail investors holding these stocks in demat form for dividends are not directly impacted by SLB restrictions.

Sectoral Distribution: Diversified impact across multiple sectors including PSU (PFC, HUDCO, SCI, NALCO, MOIL), private sector (Sun TV, Info Edge, Ashok Leyland, Emami), and specialized industries (Petronet LNG, Great Eastern Shipping, Safari Industries).

Impact Justification

Affects SLB trading for 23 securities across multiple sectors. Routine corporate action requiring temporary trading restrictions during dividend record date periods.