Description

BSE announces shut period for Securities Lending and Borrowing (SLB) due to right issues by Hindustan Construction Co. Ltd. and Deccan Gold Mines Ltd.

Summary

BSE has announced corporate actions affecting Securities Lending and Borrowing (SLB) for two companies undertaking right issues of equity shares. Hindustan Construction Co. Ltd. and Deccan Gold Mines Ltd. will have shut periods imposed on their SLB securities due to their respective right issue record dates.

Key Points

  • Two companies will have SLB shut periods due to right issues
  • Hindustan Construction Co. Ltd.: Shut period from December 4-5, 2025
  • Deccan Gold Mines Ltd.: Shut period from December 8-9, 2025
  • Both actions involve right issues of equity shares
  • Ex-dates and record dates align with book closure dates

Corporate Actions Details

Hindustan Construction Co. Ltd.

  • Type: Right Issue of Equity Shares
  • Book Closure/Record Date: December 5, 2025
  • Ex Date: December 5, 2025
  • Foreclosure Date: December 5, 2025
  • SLB Shut Period: December 4-5, 2025

Deccan Gold Mines Ltd.

  • Type: Right Issue of Equity Shares
  • Book Closure/Record Date: December 9, 2025
  • Ex Date: December 9, 2025
  • Foreclosure Date: December 9, 2025
  • SLB Shut Period: December 8-9, 2025

Important Dates

  • December 4-5, 2025: SLB shut period for Hindustan Construction Co. Ltd.
  • December 5, 2025: Ex-date and record date for HCC right issue
  • December 8-9, 2025: SLB shut period for Deccan Gold Mines Ltd.
  • December 9, 2025: Ex-date and record date for Deccan Gold Mines right issue

Impact Assessment

Market participants engaged in Securities Lending and Borrowing activities for these two securities must close their positions before the shut periods commence. The shut periods prevent SLB transactions to ensure proper rights entitlement determination. Borrowers of these securities should plan their positions accordingly to avoid forced closure or penalties. The impact is limited to SLB participants and does not affect normal equity trading.

Impact Justification

Affects SLB participants holding these securities during the shut period; impacts liquidity for specific stocks but limited to two companies