Description

BSE announces corporate actions in Securities Lending and Borrowing (SLB) segment for rights issues of Hindustan Construction Co. Ltd. and Deccan Gold Mines Ltd.

Summary

BSE has announced corporate actions in the Securities Lending and Borrowing (SLB) segment for two companies undertaking rights issues. Hindustan Construction Co. Ltd. and Deccan Gold Mines Ltd. will have their SLB positions foreclosed due to upcoming rights issues, with specific shut periods and ex-dates established for each security.

Key Points

  • Two securities affected in SLB segment: Hindustan Construction Co. Ltd. and Deccan Gold Mines Ltd.
  • Both corporate actions relate to rights issues of equity shares
  • Foreclosure of SLB positions will occur on the respective record dates
  • Shut periods established to prevent new SLB transactions during corporate action processing

Corporate Actions Details

Hindustan Construction Co. Ltd.

  • Type: Right Issue of Equity Shares
  • Record Date: 05-December-2025
  • Ex Date: 05-December-2025
  • Foreclosure Date: 05-December-2025
  • Shut Period: 04-December-2025 to 05-December-2025

Deccan Gold Mines Ltd.

  • Type: Right Issue of Equity Shares
  • Record Date: 09-December-2025
  • Ex Date: 09-December-2025
  • Foreclosure Date: 09-December-2025
  • Shut Period: 08-December-2025 to 09-December-2025

Compliance Requirements

  • Market participants with open SLB positions in these securities must settle or close positions before foreclosure dates
  • No new SLB transactions will be permitted during the shut periods
  • Lenders and borrowers must ensure compliance with foreclosure timelines

Important Dates

  • 04-December-2025: Start of shut period for Hindustan Construction Co. Ltd.
  • 05-December-2025: Ex-date, record date, and foreclosure date for Hindustan Construction Co. Ltd.
  • 08-December-2025: Start of shut period for Deccan Gold Mines Ltd.
  • 09-December-2025: Ex-date, record date, and foreclosure date for Deccan Gold Mines Ltd.

Impact Assessment

This circular impacts participants in the SLB segment who have borrowed or lent shares of the affected companies. The foreclosure mechanism ensures that rights entitlements are properly allocated to eligible shareholders. Traders must plan to close or roll over their SLB positions before the foreclosure dates to avoid forced settlement. The shut periods prevent new SLB transactions that could complicate rights issue entitlement calculations.

Impact Justification

Corporate actions affecting SLB securities requiring foreclosure of positions for two companies undergoing rights issues. Impacts traders with open SLB positions in these securities.