Description
BSE announces foreclosure dates and shut periods for Securities Lending and Borrowing (SLB) in relation to right issues of Hindustan Construction Co. Ltd. and Deccan Gold Mines Ltd.
Summary
BSE has announced corporate action details for Securities Lending and Borrowing (SLB) securities affected by upcoming right issues. Two companies - Hindustan Construction Co. Ltd. and Deccan Gold Mines Ltd. - have right issues with specified foreclosure dates and shut periods during which SLB positions must be closed.
Key Points
- Hindustan Construction Co. Ltd. right issue with record date December 5, 2025
- Deccan Gold Mines Ltd. right issue with record date December 9, 2025
- Foreclosure dates established for SLB positions in both securities
- Shut periods defined during which SLB lending/borrowing will be suspended
- Ex-dates coincide with record dates for both corporate actions
Corporate Action Details
Hindustan Construction Co. Ltd.
- Type: Right Issue of Equity Shares
- Record Date: December 5, 2025
- Ex Date: December 5, 2025
- Foreclosure Date: December 5, 2025
- Shut Period: December 4, 2025 to December 5, 2025
Deccan Gold Mines Ltd.
- Type: Right Issue of Equity Shares
- Record Date: December 9, 2025
- Ex Date: December 9, 2025
- Foreclosure Date: December 9, 2025
- Shut Period: December 8, 2025 to December 9, 2025
Compliance Requirements
- SLB participants must close out their lending/borrowing positions in the affected securities by the respective foreclosure dates
- No new SLB transactions will be permitted during the shut periods
- Lenders and borrowers must settle outstanding positions before the shut period commences
- Market participants must ensure compliance with corporate action timelines to avoid forced closure
Important Dates
Hindustan Construction Co. Ltd.
- December 4, 2025: Shut period begins
- December 5, 2025: Ex-date, record date, foreclosure date, shut period ends
Deccan Gold Mines Ltd.
- December 8, 2025: Shut period begins
- December 9, 2025: Ex-date, record date, foreclosure date, shut period ends
Impact Assessment
This circular has moderate impact on market participants engaged in Securities Lending and Borrowing activities for the two specified securities. SLB participants must take timely action to close positions or face forced closure on the foreclosure dates. The shut periods will temporarily suspend SLB activity in these securities, potentially affecting liquidity and trading strategies. Participants relying on borrowed shares for short positions or lenders expecting continued income must adjust their positions accordingly before the shut periods commence.
Impact Justification
Affects SLB participants holding positions in two specific stocks undergoing right issues. Time-sensitive operational requirements with defined shut periods requiring position closure.