Description

BSE announces shut periods for Securities Lending and Borrowing (SLB) due to dividend corporate actions for 23 companies with ex-dates ranging from November 11-26, 2025.

Summary

BSE has announced corporate actions in Securities Lending and Borrowing (SLB) securities for 23 companies declaring dividends. The circular details shut periods during which SLB transactions will be restricted for these securities, with ex-dates ranging from November 11, 2025 to November 26, 2025.

Key Points

  • 23 companies announcing dividend corporate actions affecting SLB securities
  • All corporate actions are dividend-related
  • Ex-dates range from November 11, 2025 to November 26, 2025
  • Record dates align with ex-dates for all securities
  • Shut periods typically span 1-2 days before and including the record date
  • Earliest shut period begins November 10, 2025 (Indian Metals & Ferro Alloys Limited)
  • Latest shut period ends November 26, 2025 (Power Finance Corporation Ltd)

Regulatory Changes

No regulatory changes introduced. This is a routine notification of corporate action shut periods in the SLB segment.

Compliance Requirements

  • Market participants engaged in SLB transactions must observe shut periods for affected securities
  • No new SLB transactions can be initiated during the specified shut periods
  • Existing positions must be managed in accordance with shut period restrictions
  • Participants should adjust their SLB strategies to account for the foreclosure of positions

Important Dates

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

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, Record date: Nov 15)
  • 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 the SLB segment for 23 securities across diverse sectors including shipping, energy, FMCG, metals, housing finance, and technology.

Trading Impact: Participants with open SLB positions in these securities must close or roll positions before shut periods commence. The staggered shut periods across different dates may help distribute the impact.

Sector Coverage: Broad impact across multiple sectors including:

  • Energy & Utilities (Petronet LNG, Power Finance Corporation, KP Energy, KPI Green Energy)
  • Metals & Mining (National Aluminium, Indian Metals & Ferro Alloys, MOIL)
  • Shipping & Logistics (Great Eastern Shipping, Shipping Corporation of India)
  • Automotive (Ashok Leyland)
  • Consumer Goods (Emami, Patanjali Foods, ADF Foods)
  • Media (Sun TV Network, Info Edge)
  • Manufacturing (Safari Industries, Venus Pipes, Garware Technical Fibres, Pricol, KDDL)
  • Agriculture (Bayer CropScience)
  • Finance (Housing & Urban Development Corporation)
  • Industrial (NAVA Limited)

Operational Considerations: Market participants should plan their SLB strategies accordingly, particularly those with concentrated positions in multiple affected securities during overlapping shut periods around November 13-14, 2025.

Impact Justification

Affects SLB trading for 23 securities across multiple sectors with shut periods spanning November 10-26, 2025. Important for market participants engaged in securities lending and borrowing activities.