Description

BSE announces corporate actions for six securities including DCM Shriram, Havells India, Siemens Energy India, HCL Technologies, United Spirits, and TCS with dividend record dates and shut periods in January 2026.

Summary

BSE has announced corporate actions for six securities in the Securities Lending and Borrowing (SLB) segment. All actions are dividend-related with specific record dates, ex-dates, and shut periods scheduled for January 2026. During the shut periods, these securities will have restrictions on SLB transactions.

Key Points

  • Six major companies announce dividend corporate actions
  • All actions involve dividend distributions with defined record dates
  • Shut periods ranging from 2 to 5 days during which SLB transactions are restricted
  • Ex-dates set one to two days before record dates
  • Affects major blue-chip stocks across IT, FMCG, industrial, and energy sectors

Securities and Shut Periods

DCM Shriram Limited

  • Record Date: January 24, 2026
  • Ex-Date: January 23, 2026
  • Shut Period: January 22-24, 2026 (3 days)

Havells India Limited

  • Record Date: January 23, 2026
  • Ex-Date: January 23, 2026
  • Shut Period: January 22-23, 2026 (2 days)

Siemens Energy India Limited

  • Record Date: January 30, 2026
  • Ex-Date: January 30, 2026
  • Shut Period: January 29-30, 2026 (2 days)

HCL Technologies Ltd

  • Record Date: January 17, 2026
  • Ex-Date: January 16, 2026
  • Shut Period: January 14-17, 2026 (4 days)

United Spirits Limited

  • Record Date: January 27, 2026
  • Ex-Date: January 27, 2026
  • Shut Period: January 23-27, 2026 (5 days)

Tata Consultancy Services Ltd

  • Record Date: January 17, 2026
  • Ex-Date: January 16, 2026
  • Shut Period: January 14-17, 2026 (4 days)

Compliance Requirements

  • Market participants must not engage in SLB transactions for these securities during the specified shut periods
  • Foreclosure of existing SLB positions may be required before shut periods begin
  • Investors should settle any SLB obligations before the foreclosure dates
  • Brokers and clearing members must ensure compliance with shut period restrictions

Important Dates

  • January 14-17, 2026: Shut period for HCL Technologies and TCS
  • January 22-24, 2026: Shut period for DCM Shriram
  • January 22-23, 2026: Shut period for Havells India
  • January 23-27, 2026: Shut period for United Spirits
  • January 29-30, 2026: Shut period for Siemens Energy India

Impact Assessment

Market Impact: Moderate impact on SLB market liquidity for these six securities during their respective shut periods. Investors utilizing securities lending and borrowing strategies will need to plan around these restrictions.

Operational Impact: Trading desks and risk management teams must adjust SLB positions and strategies to comply with shut period restrictions. Portfolio managers holding these stocks should note the ex-dividend dates for dividend entitlement.

Investor Impact: Shareholders on record as of the record dates will be entitled to receive dividends. Those engaged in SLB transactions must close positions before shut periods or risk foreclosure.

Impact Justification

Affects trading in six major securities with SLB restrictions during dividend record date periods. Important for investors holding or trading these stocks in Securities Lending and Borrowing segment.