Description

BSE notification of corporate actions affecting Securities Lending and Borrowing (SLB) transactions including dividends for multiple companies and bonus issue for Thyrocare Technologies.

Summary

BSE has notified corporate actions affecting Securities Lending and Borrowing (SLB) transactions for nine securities during November 2025. Eight companies have declared dividends and one company (Thyrocare Technologies) has announced a bonus issue. SLB participants must foreclose their positions before specified dates to avoid corporate action implications.

Key Points

  • Nine securities undergoing corporate actions in SLB segment
  • Eight dividend declarations with record dates between November 17-25, 2025
  • One bonus issue by Thyrocare Technologies with record date November 28, 2025
  • Shut periods range from 1-3 days depending on the security
  • Foreclosure required before record dates to avoid corporate action adjustments

Corporate Actions Details

Dividend Announcements

  1. Ingersoll-Rand (India) Ltd. - Record Date: November 25, 2025, Shut Period: November 24-25
  2. M.R.F. Ltd. - Record Date: November 21, 2025, Shut Period: November 20-21
  3. Ashok Leyland Ltd. - Record Date: November 18, 2025, Shut Period: November 17-18
  4. GMM Pfaudler Ltd. - Record Date: November 17, 2025, Shut Period: November 14-17
  5. Polyplex Corporation Ltd. - Record Date: November 21, 2025, Shut Period: November 20-21
  6. Natco Pharma Ltd. - Record Date: November 20, 2025, Shut Period: November 19-20
  7. SUN TV Network Limited - Record Date: November 20, 2025, Shut Period: November 19-20
  8. Oil India Limited - Record Date: November 21, 2025, Shut Period: November 20-21

Bonus Issue

  • Thyrocare Technologies Limited - Record Date: November 28, 2025, Foreclosure Date: November 28, Shut Period: November 27-28

Compliance Requirements

  • SLB participants holding borrowing positions must foreclose their transactions before the respective record dates
  • Failure to foreclose will result in corporate action adjustments being applied to SLB positions
  • Participants must monitor shut periods when new SLB transactions cannot be initiated
  • All ex-dates align with respective record dates for these corporate actions

Important Dates

  • November 17, 2025: Record date for GMM Pfaudler dividend (earliest action)
  • November 18, 2025: Record date for Ashok Leyland dividend
  • November 20, 2025: Record date for Natco Pharma and SUN TV dividends
  • November 21, 2025: Record date for MRF, Polyplex Corporation, and Oil India dividends
  • November 25, 2025: Record date for Ingersoll-Rand dividend
  • November 28, 2025: Record and foreclosure date for Thyrocare bonus issue

Impact Assessment

Market Impact: Medium - affects multiple large-cap and mid-cap securities across sectors including automotive, pharmaceuticals, media, and oil & gas. SLB participants must manage position foreclosure timing.

Operational Impact: SLB market participants need to review their borrowing positions and take foreclosure action for affected securities to avoid automatic corporate action adjustments. The staggered dates provide operational flexibility but require careful tracking across multiple securities over a 12-day period.

Impact Justification

Affects SLB participants holding positions in nine securities with corporate actions scheduled between November 17-28, 2025. Requires timely action for foreclosure to avoid corporate action adjustments.