Description

BSE announces corporate actions for three securities in the Securities Lending and Borrowing (SLB) segment, including bonus issue for Authum Investment and dividends for Godrej Consumer and Angel One.

Summary

BSE has announced corporate actions affecting securities available in the Securities Lending and Borrowing (SLB) segment. Three companies are undergoing corporate actions: Authum Investment & Infrastructure Limited is issuing a bonus, while Godrej Consumer Products Ltd. and Angel One Limited have declared dividends. These actions will result in foreclosure periods and shut periods for SLB transactions.

Key Points

  • Three securities in SLB segment undergoing corporate actions
  • Authum Investment & Infrastructure Limited: Bonus issue with ex-date January 13, 2026
  • Godrej Consumer Products Ltd.: Dividend with ex-date January 30, 2026
  • Angel One Limited: Dividend with ex-date January 21, 2026
  • Shut periods and foreclosure dates announced for each security
  • SLB participants must settle positions before foreclosure dates

Regulatory Changes

No new regulatory changes. This circular implements existing BSE procedures for handling corporate actions in the SLB segment.

Compliance Requirements

  • SLB participants with positions in these securities must adhere to foreclosure dates
  • All open SLB positions in Authum Investment must be closed by January 13, 2026 (foreclosure date)
  • No new SLB transactions can be initiated during the shut periods
  • Market participants must adjust their positions before the respective shut periods commence
  • Settlement obligations must be completed before the shut periods begin

Important Dates

Authum Investment & Infrastructure Limited (Bonus Issue)

  • Ex-Date: January 13, 2026
  • Record Date: January 13, 2026
  • Foreclosure Date: January 13, 2026
  • Shut Period: January 12-13, 2026

Godrej Consumer Products Ltd. (Dividend)

  • Ex-Date: January 30, 2026
  • Record Date: January 30, 2026
  • Shut Period: January 29-30, 2026
  • Foreclosure Date: Not applicable

Angel One Limited (Dividend)

  • Ex-Date: January 21, 2026
  • Record Date: January 21, 2026
  • Shut Period: January 20-21, 2026
  • Foreclosure Date: Not applicable

Impact Assessment

Market Impact: Medium. Affects participants in the SLB segment who have borrowed or lent these securities. The bonus issue for Authum Investment requires mandatory position closure, which could lead to temporary volatility.

Operational Impact: SLB participants must monitor and manage their positions in these three securities, ensuring compliance with foreclosure requirements and shut period restrictions. The bonus issue creates additional operational requirements compared to standard dividend actions.

Liquidity Impact: The shut periods will temporarily reduce liquidity in the SLB segment for these securities, potentially affecting hedging and arbitrage strategies that rely on securities lending.

Impact Justification

Affects SLB participants with positions in these three securities. Includes one bonus issue and two dividend announcements with specific shut periods and record dates that impact lending/borrowing activities.