Description

Kotak Mahindra Bank Ltd. stock split with ex-date and book closure on 14-January-2026, with shut period from 13-Jan-2026 to 14-Jan-2026.

Summary

BSE has announced a corporate action for Securities Lending and Borrowing (SLB) securities. Kotak Mahindra Bank Ltd. will undergo a stock split with the record date and ex-date set for 14-January-2026. The SLB market will have a shut period from 13-Jan-2026 to 14-Jan-2026 to facilitate the corporate action adjustments.

Key Points

  • Security affected: Kotak Mahindra Bank Ltd.
  • Corporate action type: Stock Split
  • Book Closure/Record Date: 14-January-2026
  • Ex-Date: 14-January-2026
  • Shut Period: 13-Jan-2026 to 14-Jan-2026
  • Affects all SLB positions in the security

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for SLB securities.

Compliance Requirements

  • All SLB participants with positions in Kotak Mahindra Bank Ltd. must note the shut period
  • No new SLB transactions in this security will be allowed during the shut period
  • Existing positions will be adjusted according to the stock split ratio
  • Market participants should plan their SLB strategies accounting for the two-day shut period

Important Dates

  • 13-January-2026: SLB shut period begins
  • 14-January-2026: Book Closure/Record Date and Ex-Date for stock split; shut period ends

Impact Assessment

Market Impact: High - Kotak Mahindra Bank is a major banking stock with significant SLB activity. The shut period will temporarily halt all SLB transactions in this security.

Operational Impact: Medium - Participants need to adjust their SLB positions and strategies. Outstanding contracts will be modified based on the stock split ratio, which may affect margin requirements and position valuations.

Liquidity Impact: Temporary reduction in SLB liquidity for this specific security during the shut period. Participants looking to borrow or lend Kotak Mahindra Bank shares through SLB must complete transactions before 13-January-2026 or wait until after 14-January-2026.

Impact Justification

Stock split of a major bank affects SLB positions and requires adjustment of all outstanding contracts during the shut period