Description
BSE announces corporate actions for 9 securities including dividends for 8 companies and bonus issue for Thyrocare Technologies, with shut periods and foreclosure dates.
Summary
BSE has issued a circular detailing corporate actions in Securities Lending and Borrowing (SLB) securities. The circular covers 9 companies with upcoming corporate actions: 8 dividend distributions and 1 bonus issue. Each action has specified record dates, ex-dates, and shut periods during which SLB positions will be affected.
Key Points
- 8 companies declaring dividends with record dates between November 17-25, 2025
- Thyrocare Technologies Limited announcing bonus issue with record date November 28, 2025
- All corporate actions have corresponding shut periods ranging from 1-2 days
- Foreclosure dates specified only for the bonus issue (November 28, 2025)
- Ex-dates coincide with record dates for all listed corporate actions
Corporate Actions Details
Dividend Declarations
- Ingersoll-Rand (India) Ltd. - Record Date: November 25, 2025, Shut Period: Nov 24-25, 2025
- M.R.F. Ltd. - Record Date: November 21, 2025, Shut Period: Nov 20-21, 2025
- Ashok Leyland Ltd. - Record Date: November 18, 2025, Shut Period: Nov 17-18, 2025
- GMM Pfaudler Ltd. - Record Date: November 17, 2025, Shut Period: Nov 14-17, 2025
- Polyplex Corporation Ltd. - Record Date: November 21, 2025, Shut Period: Nov 20-21, 2025
- Natco Pharma Ltd. - Record Date: November 20, 2025, Shut Period: Nov 19-20, 2025
- SUN TV NETWORK LIMITED - Record Date: November 20, 2025, Shut Period: Nov 19-20, 2025
- Oil India Limited - Record Date: November 21, 2025, Shut Period: Nov 20-21, 2025
Bonus Issue
- Thyrocare Technologies Limited - Record Date: November 28, 2025, Foreclosure Date: November 28, 2025, Shut Period: Nov 27-28, 2025
Compliance Requirements
- SLB participants must ensure positions are squared off or rolled over before foreclosure dates
- No new SLB transactions permitted during shut periods for affected securities
- Lenders and borrowers must be aware of ex-dates to determine eligibility for corporate benefits
- Market participants should adjust their SLB strategies considering the shut periods
Important Dates
- November 17, 2025: Record date for GMM Pfaudler (earliest dividend)
- November 18, 2025: Record date for Ashok Leyland
- November 20, 2025: Record date for Natco Pharma and SUN TV NETWORK
- November 21, 2025: Record date for M.R.F., Polyplex Corporation, and Oil India
- November 25, 2025: Record date for Ingersoll-Rand (India)
- November 28, 2025: Record date and foreclosure date for Thyrocare Technologies bonus issue
Impact Assessment
Market Impact
- SLB market liquidity may be temporarily reduced during shut periods for these 9 securities
- Borrowers holding positions beyond foreclosure dates will be liable for corporate action benefits
- The bonus issue for Thyrocare will require compulsory closure of all SLB positions by November 28, 2025
Operational Impact
- Trading members and clearing members must monitor client positions and communicate shut period restrictions
- Risk management systems should be updated to prevent new SLB transactions during shut periods
- Settlement and delivery processes will be affected for securities undergoing corporate actions
Investor Impact
- Investors with SLB positions must decide whether to close positions or bear corporate action obligations
- Dividend-related shut periods are relatively short (1-2 days) minimizing disruption
- Bonus issue foreclosure requires more careful position management due to permanent position closure requirement
Impact Justification
Multiple corporate actions affecting SLB (Securities Lending and Borrowing) participants with specific foreclosure dates and shut periods that impact trading and borrowing activities