Description

BSE announces stock split corporate action for Kotak Mahindra Bank Ltd. in Securities Lending and Borrowing (SLB) segment with ex-date and record date of January 14, 2026.

Summary

BSE has announced a corporate action for Kotak Mahindra Bank Ltd. in the Securities Lending and Borrowing (SLB) segment. The company will undergo a stock split with the book closure/record date and ex-date scheduled for January 14, 2026. A shut period will be observed from January 13-14, 2026, during which SLB operations for this security will be affected.

Key Points

  • Security: Kotak Mahindra Bank Ltd.
  • Corporate Action Type: Stock Split
  • Book Closure/Record Date: January 14, 2026
  • Ex-Date: January 14, 2026
  • Shut Period: January 13, 2026 to January 14, 2026
  • Foreclosure Date: Not applicable
  • Segment: Securities Lending and Borrowing (SLB)

Regulatory Changes

No regulatory changes introduced. This is a notification of corporate action processing in the SLB segment.

Compliance Requirements

  • SLB participants must be aware of the shut period for Kotak Mahindra Bank securities
  • Positions in the SLB segment will be adjusted according to the stock split ratio
  • Market participants should plan their lending/borrowing activities considering the shut period
  • All pending settlements must account for the corporate action adjustments

Important Dates

  • January 13-14, 2026: Shut period for SLB operations in Kotak Mahindra Bank
  • January 14, 2026: Book closure/record date
  • January 14, 2026: Ex-date for the stock split

Impact Assessment

Market Impact: Medium - The stock split will affect all SLB positions in Kotak Mahindra Bank. Participants need to adjust their positions accordingly.

Operational Impact: The two-day shut period will temporarily halt SLB operations for this security, requiring participants to plan their lending and borrowing activities in advance. Existing positions will be adjusted based on the split ratio on the ex-date.

Impact Justification

Stock split is a significant corporate action affecting SLB positions in Kotak Mahindra Bank, requiring position adjustments and participant awareness during the shut period.