Description
Foreclosure schedule for Securities Lending and Borrowing (SLB) securities across 23 companies for dividend and rights issue corporate actions between November 14-21, 2025.
Summary
BSE has issued the foreclosure schedule for Securities Lending and Borrowing (SLB) securities undergoing corporate actions between November 14-21, 2025. The circular covers 23 companies declaring dividends (22 companies) and one rights issue (Adani Enterprises). During the specified shut periods, SLB positions in these securities will be subject to foreclosure.
Key Points
- 23 securities will have SLB foreclosure periods due to corporate actions
- 22 companies are declaring dividends with ex-dates ranging from November 14-21, 2025
- Adani Enterprises Ltd. is conducting a rights issue with record date November 17, 2025
- Foreclosure dates align with the day before shut period commencement
- All securities have 2-3 day shut periods for book closure/record date processing
Regulatory Changes
No new regulatory changes introduced. This circular implements existing SLB foreclosure procedures during corporate action periods as per SEBI and BSE regulations.
Compliance Requirements
- SLB Participants: Must close out or square off open SLB positions before the foreclosure date to avoid forced closure
- Stock Lending Brokers: Need to inform clients about upcoming foreclosure schedules
- Market Participants: Should monitor positions in affected securities and plan settlements accordingly
- Clearing Members: Must ensure settlement of SLB positions before shut period commencement
Important Dates
November 14, 2025
- ONGC: Ex-date for dividend, shut period Nov 13-14
- RITES: Ex-date for dividend, shut period Nov 13-15 (Record date: Nov 15)
- MOIL: Ex-date for dividend, shut period Nov 13-15 (Record date: Nov 15)
November 17, 2025
- Balrampur Chini Mills: Ex-date for dividend, shut period Nov 14-17
- Pearl Global Industries: Ex-date for dividend, shut period Nov 14-17
- EPL Limited: Ex-date for dividend, shut period Nov 14-17
- Surya Roshni: Ex-date for dividend, shut period Nov 14-17
- Adani Enterprises: Ex-date and record date for rights issue, foreclosure date Nov 17, shut period Nov 14-17
November 18, 2025
- Cochin Shipyard: Ex-date for dividend, shut period Nov 17-18
- Asian Paints: Ex-date for dividend, shut period Nov 17-18
- IRB Infrastructure: Ex-date for dividend, shut period Nov 17-18
- Precision Wires India: Ex-date for dividend, shut period Nov 17-18
- Man Infraconstruction: Ex-date for dividend, shut period Nov 17-18
November 19, 2025
- NBCC (India): Ex-date for dividend, shut period Nov 18-19
- Jamna Auto Industries: Ex-date for dividend, shut period Nov 18-19
- Page Industries: Ex-date for dividend, shut period Nov 18-19
- CARE Ratings: Ex-date for dividend, shut period Nov 18-19
- Banco Products: Ex-date for dividend, shut period Nov 18-19
November 20, 2025
- Container Corporation: Ex-date for dividend, shut period Nov 19-20
November 21, 2025
- Sonata Software: Ex-date for dividend, shut period Nov 20-21
- IRCTC: Ex-date for dividend, shut period Nov 20-21
- Info Edge (India): Ex-date for dividend, shut period Nov 20-21
- Gabriel India: Ex-date for dividend, shut period Nov 20-21
Impact Assessment
Market Operations Impact: Medium - affects liquidity in SLB segment for 23 securities across multiple sectors including PSUs, IT, FMCG, infrastructure, and manufacturing.
Trading Impact: SLB participants must close positions before foreclosure dates to avoid mandatory closure at potentially unfavorable rates. Heavy concentration of foreclosures in third week of November may temporarily reduce SLB availability.
Sector Coverage: Diversified impact across Oil & Gas (ONGC), Railways (RITES, IRCTC, CONCOR), Defense/Shipbuilding (Cochin Shipyard), Consumer (Asian Paints, Page Industries), Infrastructure (IRB, NBCC, Adani Enterprises), Mining (MOIL), and Auto components (Gabriel India, Jamna Auto, Banco Products).
Rights Issue Note: Adani Enterprises rights issue requires special attention as it involves equity dilution, not just dividend distribution. SLB positions must be closed by foreclosure date November 17, 2025.
Impact Justification
Affects SLB participants for 23 securities with mandatory foreclosure during corporate action periods. Critical for traders with open SLB positions to avoid forced close-outs.