Description

BSE announces foreclosure periods for Securities Lending and Borrowing (SLB) transactions due to upcoming corporate actions including dividends and stock split for TCS, MCX, and CAMS.

Summary

BSE has announced foreclosure (shut) periods for Securities Lending and Borrowing (SLB) transactions in three securities undergoing corporate actions in January 2026. The affected securities are Tata Consultancy Services Ltd. (dividend), Multi Commodity Exchange of India Ltd (stock split), and Computer Age Management Services Limited (dividend). SLB positions must be closed before the specified foreclosure dates.

Key Points

  • Three securities will have SLB foreclosure periods due to corporate actions
  • Tata Consultancy Services Ltd.: Dividend with record date January 17, 2026
  • Multi Commodity Exchange of India Ltd: Stock split effective January 02, 2026
  • Computer Age Management Services Limited: Dividend with record date January 30, 2026
  • All SLB transactions in these securities must be foreclosed before the shut period begins
  • Ex-dates align with record dates for all three corporate actions

Regulatory Changes

No new regulatory changes. This circular implements existing SLB foreclosure requirements during corporate action periods.

Compliance Requirements

  • SLB participants must foreclose all positions in the affected securities before the shut period
  • No new SLB transactions will be permitted during the foreclosure/shut periods
  • Participants must ensure timely settlement of all outstanding SLB positions
  • Trading members and custodians should inform their clients holding SLB positions in these securities

Important Dates

Tata Consultancy Services Ltd. (TCS)

  • Ex-Date: January 16, 2026
  • Record Date: January 17, 2026
  • Shut Period: January 15, 2026 to January 17, 2026

Multi Commodity Exchange of India Ltd (MCX)

  • Ex-Date: January 02, 2026
  • Record Date: January 02, 2026
  • Shut Period: January 01, 2026 to January 02, 2026

Computer Age Management Services Limited (CAMS)

  • Ex-Date: January 30, 2026
  • Record Date: January 30, 2026
  • Shut Period: January 29, 2026 to January 30, 2026

Impact Assessment

Market Impact: Medium - Affects liquidity in the SLB segment for three actively traded securities during the foreclosure periods.

Operational Impact: SLB participants must manage position closures and may need to arrange alternative financing or hedging arrangements during the shut periods. Participants with open positions must plan for timely foreclosure to avoid penalties or forced closure.

Investor Impact: Investors utilizing SLB for short selling or securities borrowing strategies will need to close positions or postpone new transactions during the specified periods. This may temporarily affect trading strategies and liquidity availability for these securities in the SLB segment.

Impact Justification

Affects SLB participants holding positions in three major securities with mandatory foreclosure requirements during corporate action periods