Description

Corporate actions announced for TCS (dividend), MCX (stock split), and CAMS (dividend) with specific ex-dates and shut periods for SLB securities.

Summary

BSE has announced corporate actions affecting Securities Lending and Borrowing (SLB) operations for three companies: Tata Consultancy Services Ltd. (dividend), Multi Commodity Exchange of India Ltd (stock split), and Computer Age Management Services Limited (dividend). These actions will result in foreclosure of SLB positions during specified shut periods.

Key Points

  • Three securities undergoing corporate actions in SLB segment
  • TCS declaring dividend with record date January 17, 2026
  • MCX implementing stock split effective January 2, 2026
  • CAMS declaring dividend with ex-date January 30, 2026
  • Specific shut periods and foreclosure dates announced for each security

Regulatory Changes

No new regulatory changes. This circular provides operational updates for existing SLB framework during corporate actions.

Compliance Requirements

  • SLB market participants must note foreclosure dates for affected securities
  • No new lending or borrowing positions can be created during shut periods
  • Existing positions will be subject to foreclosure on specified dates
  • Market participants must adjust their SLB strategies accordingly

Important Dates

Tata Consultancy Services Ltd.

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

Multi Commodity Exchange of India Ltd

  • Ex-Date: January 2, 2026
  • Record Date: January 2, 2026
  • Shut Period: January 1-2, 2026

Computer Age Management Services Limited

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

Impact Assessment

Market Impact: Medium - affects liquidity in SLB segment for three actively traded securities during specified periods.

Operational Impact: SLB participants need to plan their positions considering the foreclosure dates. During shut periods, no SLB transactions will be possible in these securities, potentially affecting hedging and arbitrage strategies.

Trading Impact: The stock split for MCX will require adjustment of futures and options contracts and SLB positions. Dividend announcements for TCS and CAMS will affect cost-of-carry calculations for SLB positions.

Impact Justification

Affects SLB market participants for three securities with specific foreclosure periods during corporate actions