Description

Notification of foreclosure dates and shut periods for corporate actions affecting Hindustan Unilever Ltd (Spin Off), Patel Engineering Ltd (Rights Issue), and Engineers India Ltd (Dividend).

Summary

BSE has announced corporate action foreclosure dates and shut periods for three securities in the Securities Lending and Borrowing (SLB) segment. Hindustan Unilever Ltd will undergo a spin-off, Patel Engineering Ltd will execute a rights issue, and Engineers India Ltd will process a dividend payment. All actions have foreclosure dates between December 4-5, 2025.

Key Points

  • Three securities affected in SLB segment with corporate actions
  • Hindustan Unilever Ltd: Spin-off action with foreclosure on December 5, 2025
  • Patel Engineering Ltd: Rights issue of equity shares with foreclosure on December 4, 2025
  • Engineers India Ltd: Dividend distribution with foreclosure on December 4, 2025
  • Shut periods imposed to facilitate corporate action processing
  • Ex-dates aligned with record dates for all three securities

Regulatory Changes

No regulatory changes announced. This is a standard corporate action notification for SLB securities.

Compliance Requirements

  • Market participants must settle or close SLB positions in affected securities before foreclosure dates
  • No new SLB transactions permitted during shut periods
  • Lenders and borrowers must comply with foreclosure timelines
  • Participants should adjust positions to avoid forced closure penalties

Important Dates

Hindustan Unilever Ltd

  • Record Date: December 5, 2025
  • Ex-Date: December 5, 2025
  • Foreclosure Date: December 5, 2025
  • Shut Period: December 4-5, 2025

Patel Engineering Ltd

  • Record Date: December 4, 2025
  • Ex-Date: December 4, 2025
  • Foreclosure Date: December 4, 2025
  • Shut Period: December 3-4, 2025

Engineers India Ltd

  • Record Date: December 4, 2025
  • Ex-Date: December 4, 2025
  • Foreclosure Date: December 4, 2025
  • Shut Period: December 3-4, 2025

Impact Assessment

High impact on SLB market participants: This circular directly affects securities lending and borrowing operations for three major stocks. Market participants with open SLB positions must take immediate action to close or settle positions before foreclosure. The spin-off of Hindustan Unilever is particularly significant given its large market capitalization and likely high SLB activity. Rights issue participants in Patel Engineering must ensure compliance with the record date. The short notice period (2-3 days) requires urgent attention from institutional investors, arbitrageurs, and market makers active in the SLB segment.

Impact Justification

Affects SLB (Securities Lending and Borrowing) operations for three major securities with immediate foreclosure dates and shut periods, requiring urgent action from market participants.