Description

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

Summary

BSE has issued a circular regarding corporate action in Securities Lending and Borrowing (SLB) securities. Kotak Mahindra Bank Ltd. will undergo a stock split with the book closure/record date and ex-date set for January 14, 2026. A shut period will be observed from January 13-14, 2026.

Key Points

  • Corporate action type: Stock Split
  • Security affected: Kotak Mahindra Bank Ltd.
  • This circular specifically applies to SLB (Securities Lending and Borrowing) segment
  • Foreclosure date for SLB positions to be determined
  • Trading operations will be affected during the shut period

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification for SLB participants.

Compliance Requirements

  • SLB participants must note the shut period from January 13-14, 2026
  • Participants should adjust their positions accordingly before the foreclosure date
  • Record date eligibility determined as of January 14, 2026
  • All SLB transactions in Kotak Mahindra Bank securities must account for the stock split adjustment

Important Dates

  • Book Closure/Record Date: January 14, 2026
  • Ex-Date: January 14, 2026
  • Shut Period: January 13, 2026 to January 14, 2026
  • Foreclosure Date: To be announced

Impact Assessment

Market Impact: Medium - Stock splits typically don’t change fundamental value but affect share price and outstanding shares. SLB participants holding positions in Kotak Mahindra Bank must prepare for the adjustment.

Operational Impact: SLB lenders and borrowers need to be aware of the shut period and ensure compliance with foreclosure requirements. The stock split will require system adjustments for position tracking and settlement calculations in the SLB segment.

Impact Justification

Stock split is a significant corporate action affecting SLB participants holding Kotak Mahindra Bank securities, requiring attention to closure dates and trading adjustments