Description

BSE circular announcing dividend corporate actions for 23 companies with ex-dates, record dates, and shut periods for Securities Lending and Borrowing (SLB) transactions.

Summary

BSE has issued a circular detailing corporate actions (dividends) for 23 companies that will impact Securities Lending and Borrowing (SLB) transactions. The circular specifies ex-dates, record dates, and shut periods during which SLB transactions will be restricted for these securities. All actions relate to dividend announcements scheduled between November 11, 2025 and November 26, 2025.

Key Points

  • 23 companies have declared dividends with upcoming ex-dates and record dates
  • SLB shut periods range from 1-3 days for each security
  • Earliest ex-date is November 11, 2025 (Indian Metals & Ferro Alloys Limited)
  • Latest ex-date is November 26, 2025 (Power Finance Corporation Ltd)
  • All corporate actions are dividend-related
  • Shut periods begin one day before the ex-date and end on the record date

Regulatory Changes

No regulatory changes. This is a standard notification of corporate actions affecting SLB securities.

Compliance Requirements

  • Market participants must not enter new SLB transactions for the specified securities during their respective shut periods
  • Existing SLB positions must be managed considering the dividend ex-dates and record dates
  • Traders and clearing members must ensure compliance with the specified shut periods for each security

Important Dates

November 11, 2025:

  • Indian Metals & Ferro Alloys Limited (Ex-date & Record date)
  • Shut period: Nov 10-11, 2025

November 13, 2025:

  • ADF Foods Limited, Great Eastern Shipping Co. Ltd., Patanjali Foods Limited (Ex-date & Record date)
  • Shut period: Nov 12-13, 2025

November 14, 2025:

  • GARWARE TECHNICAL FIBRES, PETRONET LNG, Safari Industries, NAVA LIMITED, Pricol Limited, K.P. Energy Limited, National Aluminium Co., MOIL Limited (Ex-date), KDDL Ltd, Bayer CropScience Limited, Emami Ltd, KPI Green Energy Limited (Ex-date & Record date)
  • Shut periods: Nov 13-14 or Nov 13-15, 2025 (MOIL)

November 18, 2025:

  • Ashok Leyland Ltd., Venus Pipes & Tubes Limited (Ex-date & Record date)
  • Shut period: Nov 17-18, 2025

November 19, 2025:

  • Shipping Corporation Of India Ltd, Housing & Urban Development Corporation Ltd. (Ex-date & Record date)
  • Shut period: Nov 18-19, 2025

November 20, 2025:

  • SUN TV NETWORK LIMITED (Ex-date & Record date)
  • Shut period: Nov 19-20, 2025

November 21, 2025:

  • Info Edge (India) Ltd. (Ex-date & Record date)
  • Shut period: Nov 20-21, 2025

November 26, 2025:

  • Power Finance Corporation Ltd (Ex-date & Record date)
  • Shut period: Nov 25-26, 2025

Impact Assessment

Market Impact: Medium - affects 23 securities across various sectors including shipping, energy, FMCG, automotive, and metals. SLB market participants need to adjust their lending and borrowing strategies around the specified shut periods.

Operational Impact: Medium - clearing members and trading members must ensure their systems and processes account for the SLB restrictions during shut periods. Failure to comply could result in rejected transactions.

Liquidity Impact: Low to Medium - temporary restrictions on SLB transactions may reduce liquidity in the securities lending market for these specific stocks during their shut periods, though the impact is limited to 1-3 days per security.

Impact Justification

Standard dividend corporate action notification affecting SLB transactions for 23 securities with near-term ex-dates and shut periods