Description
BSE Bulletin No. 163/2025-2026 listing record dates and book closure information for various securities including NCDs, commercial papers, and equity shares for corporate actions such as interest payments, redemptions, and spin-offs.
Summary
BSE has published its daily bulletin (No. 163/2025-2026) dated November 26, 2025, containing book closure and record date information for various securities. The bulletin lists corporate actions including interest payments, partial and full redemptions of NCDs and commercial papers, and notably a spin-off by Hindustan Unilever Ltd. The bulletin covers multiple issuers including Aditya Birla Capital, Akara Capital Advisors, BSNL, Birla Group Holdings, Century Joint Developments, ICICI Home Finance, and IGH Holdings.
Key Points
- Hindustan Unilever Ltd has set December 5, 2025 as record date for a spin-off of equity shares
- Multiple NCD interest payments and redemptions scheduled across December 2025
- Several commercial paper redemptions scheduled between December 2-25, 2025
- Birla Group Holdings has 6 commercial paper redemptions scheduled (Dec 3-23, 2025)
- IGH Holdings has 3 commercial paper redemptions scheduled (Dec 2-9, 2025)
- Aditya Birla Capital NCD interest payment and redemption on December 31, 2025
- Akara Capital Advisors has multiple NCD redemptions and interest payments (Dec 6-16, 2025)
- BSNL NCD interest payment on December 8, 2025
- Century Joint Developments has 2 NCD interest payments on November 27, 2025
Regulatory Changes
No regulatory changes announced in this bulletin.
Compliance Requirements
- Investors in the listed securities must note the respective record dates to be eligible for corporate actions
- Trading members should update their systems with the record date information
- For Hindustan Unilever spin-off, only shareholders on record as of December 5, 2025 will be eligible
- Debenture holders must hold securities on respective record dates to receive interest payments or redemption proceeds
Important Dates
November 2025:
- November 27, 2025: Century Joint Developments NCD interest payment (2 securities)
December 2025:
- December 2, 2025: IGH Holdings CP redemption
- December 3, 2025: Birla Group Holdings CP redemption; IGH Holdings CP redemption
- December 5, 2025: Birla Group Holdings CP redemption; Hindustan Unilever spin-off record date
- December 6, 2025: Akara Capital Advisors NCD interest payment
- December 8, 2025: BSNL NCD interest payment; IGH Holdings CP redemption
- December 9, 2025: Birla Group Holdings CP redemption (2 securities)
- December 13, 2025: Akara Capital Advisors NCD partial redemption and interest payment
- December 16, 2025: Akara Capital Advisors NCD partial redemption and interest payment
- December 17, 2025: Birla Group Holdings CP redemption
- December 18, 2025: Birla Group Holdings CP redemption
- December 23, 2025: Birla Group Holdings CP redemption
- December 25, 2025: ICICI Home Finance CP redemption
- December 31, 2025: Aditya Birla Capital NCD interest payment and redemption
Impact Assessment
Market Impact: Low to medium. This is a routine daily bulletin with standard corporate action notifications. The Hindustan Unilever spin-off is the most significant item affecting retail equity investors.
Investor Impact: Medium for Hindustan Unilever shareholders who need to hold shares until the December 5, 2025 record date to participate in the spin-off. Low impact for debt investors who will receive scheduled interest payments and redemptions.
Operational Impact: Low. Standard processing of corporate actions by depositories, registrars, and trading members. No special operational requirements beyond normal record date processing.
Liquidity Impact: Minimal. Trading flags indicate normal trading (flag=1) for most securities, with Hindustan Unilever code 500696 having trading flag=1 and code 100696 having trading flag=0 for the spin-off.
Impact Justification
Regular daily bulletin with routine corporate action notifications. Medium impact due to Hindustan Unilever spin-off which affects equity shareholders. Most other items are routine debt instrument interest payments and redemptions.