Description

BSE announces shut periods for SLB securities due to corporate actions including dividends for 8 companies and bonus issue for Thyrocare Technologies Limited.

Summary

BSE has announced corporate actions in Securities Lending and Borrowing (SLB) securities affecting 9 companies. Eight companies will have shut periods due to dividend declarations, and one company (Thyrocare Technologies Limited) will have a shut period due to a bonus issue. These shut periods will temporarily restrict SLB activities for the affected securities.

Key Points

  • 8 companies declaring dividends with corresponding SLB shut periods
  • 1 company (Thyrocare Technologies Limited) announcing bonus issue
  • Shut periods range from November 14, 2025 to November 28, 2025
  • Ex-dates and record dates vary by company between November 17-28, 2025
  • SLB activities will be restricted during specified shut periods for each security

Corporate Actions Details

Dividend Declarations:

  • Ingersoll-Rand (India) Ltd.: Ex-date and Record date: November 25, 2025; Shut period: November 24-25, 2025
  • M.R.F. Ltd.: Ex-date and Record date: November 21, 2025; Shut period: November 20-21, 2025
  • Ashok Leyland Ltd.: Ex-date and Record date: November 18, 2025; Shut period: November 17-18, 2025
  • GMM Pfaudler Ltd.: Ex-date and Record date: November 17, 2025; Shut period: November 14-17, 2025
  • Polyplex Corporation Ltd.: Ex-date and Record date: November 21, 2025; Shut period: November 20-21, 2025
  • Natco Pharma Ltd.: Ex-date and Record date: November 20, 2025; Shut period: November 19-20, 2025
  • SUN TV NETWORK LIMITED: Ex-date and Record date: November 20, 2025; Shut period: November 19-20, 2025
  • Oil India Limited: Ex-date and Record date: November 21, 2025; Shut period: November 20-21, 2025

Bonus Issue:

  • Thyrocare Technologies Limited: Ex-date and Record date: November 28, 2025; Foreclosure date: November 28, 2025; Shut period: November 27-28, 2025

Compliance Requirements

  • Market participants must cease SLB activities for the affected securities during their respective shut periods
  • Trading members and clearing members must adjust their SLB positions accordingly
  • Participants should ensure compliance with the specified ex-dates and record dates for each corporate action

Important Dates

  • November 14-17, 2025: GMM Pfaudler Ltd. SLB shut period
  • November 17-18, 2025: Ashok Leyland Ltd. SLB shut period
  • November 19-20, 2025: Natco Pharma Ltd. and SUN TV NETWORK LIMITED SLB shut period
  • November 20-21, 2025: M.R.F. Ltd., Polyplex Corporation Ltd., and Oil India Limited SLB shut period
  • November 24-25, 2025: Ingersoll-Rand (India) Ltd. SLB shut period
  • November 27-28, 2025: Thyrocare Technologies Limited SLB shut period

Impact Assessment

This circular impacts securities lending and borrowing market participants who have positions in the affected securities. The temporary shut periods will restrict SLB transactions, requiring participants to plan their lending/borrowing strategies accordingly. The staggered dates across multiple companies may affect overall SLB market liquidity during the November 14-28, 2025 period. Market participants should adjust their positions before the respective shut periods to avoid disruptions.

Impact Justification

Affects SLB trading for multiple securities during specified shut periods; impacts market participants engaged in securities lending and borrowing activities