Description

BSE circular regarding corporate actions for Deccan Gold Mines Ltd. (Right Issue) and eClerx Services Limited (Buyback of Shares) with details on record dates and shut periods.

Summary

BSE has issued a circular regarding corporate actions in Securities Lending and Borrowing (SLB) segment for two companies. Deccan Gold Mines Ltd. is undertaking a Right Issue of Equity Shares with record date on December 9, 2025, and eClerx Services Limited is executing a Buyback of Shares with record date on December 17, 2025. SLB participants need to be aware of the foreclosure dates and shut periods for these securities.

Key Points

  • Two securities in SLB segment are undergoing corporate actions
  • Deccan Gold Mines Ltd. - Right Issue of Equity Shares
  • eClerx Services Limited - Buyback of Shares
  • Specific shut periods and foreclosure dates have been announced for both securities
  • Market participants with SLB positions in these securities must take note of the timelines

Regulatory Changes

No regulatory changes. This is a standard notification of corporate actions affecting SLB securities.

Compliance Requirements

  • SLB market participants holding positions in Deccan Gold Mines Ltd. must close positions by foreclosure date of December 9, 2025
  • SLB market participants holding positions in eClerx Services Limited must close positions by foreclosure date of December 17, 2025
  • Participants must comply with shut period restrictions during the specified dates
  • No new SLB positions can be created during the shut periods

Important Dates

Deccan Gold Mines Ltd. (Right Issue):

  • Ex Date: December 9, 2025
  • Record Date: December 9, 2025
  • Foreclosure Date: December 9, 2025
  • Shut Period: December 8, 2025 to December 9, 2025

eClerx Services Limited (Buyback):

  • Ex Date: December 17, 2025
  • Record Date: December 17, 2025
  • Foreclosure Date: December 17, 2025
  • Shut Period: December 16, 2025 to December 17, 2025

Impact Assessment

Market Impact: Medium - affects liquidity in SLB segment for two specific securities during the shut periods.

Operational Impact: Medium - SLB participants with existing positions in these securities must plan for mandatory closure and cannot establish new positions during shut periods.

Investor Impact: Shareholders of record will be eligible for the right issue (Deccan Gold Mines) or buyback offer (eClerx Services). SLB borrowers must return shares before record date to avoid complications with corporate action entitlements.

Impact Justification

Affects SLB market participants holding positions in two specific securities with scheduled corporate actions requiring foreclosure of positions