Description
BSE circular announcing foreclosure dates and shut periods for rights issues of Hindustan Construction Co. Ltd. and Deccan Gold Mines Ltd. in the Securities Lending and Borrowing (SLB) segment.
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 foreclosure dates and shut periods during which SLB positions cannot be maintained.
Key Points
- Two companies in SLB segment are undergoing rights issue corporate actions
- Foreclosure dates have been specified for closing out SLB positions
- Shut periods will be implemented during which normal SLB operations will be suspended
- Participants must close their SLB positions before foreclosure dates
Corporate Actions Details
Hindustan Construction Co. Ltd.
- Corporate Action: Right Issue of Equity Shares
- Record Date/Book Closure: 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.
- Corporate Action: Right Issue of Equity Shares
- Record Date/Book Closure: 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 holding positions in these securities must close their positions by the respective foreclosure dates
- No new SLB transactions will be permitted during the shut periods
- Market participants must ensure timely settlement of outstanding SLB obligations
- Lenders and borrowers must coordinate to close positions before shut period commencement
Important Dates
Hindustan Construction Co. Ltd.
- Foreclosure: December 5, 2025
- Shut Period Start: December 4, 2025
- Shut Period End: December 5, 2025
Deccan Gold Mines Ltd.
- Foreclosure: December 9, 2025
- Shut Period Start: December 8, 2025
- Shut Period End: December 9, 2025
Impact Assessment
Market Impact: Medium - Affects SLB participants with open positions in these two securities. The short shut periods minimize market disruption.
Operational Impact: SLB participants must actively monitor and close positions in advance. Failure to close positions by foreclosure dates may result in penalties or forced closeout. The rights issue entitlement determination requires clean shareholding records, necessitating the temporary suspension of SLB activities in these securities.
Liquidity Impact: Temporary reduction in lending/borrowing liquidity for these specific securities during shut periods. Participants seeking to short or leverage these stocks must plan alternative strategies during the affected dates.
Impact Justification
Affects SLB segment participants holding positions in these securities. Foreclosure dates require timely action to close positions before shut periods commence.