Description

BSE announces shut periods and ex-dates for dividend corporate actions in six securities available for Securities Lending and Borrowing (SLB).

Summary

BSE has notified corporate actions (dividends) for six securities in the Securities Lending and Borrowing (SLB) segment. The circular specifies shut periods, ex-dates, and record dates for dividend eligibility across major companies including HCL Technologies, TCS, Havells India, DCM Shriram, United Spirits, and Siemens Energy India.

Key Points

  • Six major securities have announced dividend corporate actions affecting SLB operations
  • Shut periods range from 2 to 5 days depending on the security
  • Ex-dates fall between January 16 and January 30, 2026
  • SLB participants must close positions or manage borrowings before shut periods
  • No foreclosure dates specified for any of the listed securities

Regulatory Changes

No regulatory changes. This is a routine notification of corporate actions affecting SLB securities.

Compliance Requirements

  • SLB participants must ensure positions are managed appropriately before shut periods commence
  • Lenders and borrowers must account for dividend eligibility based on record dates
  • Market participants should adjust trading strategies considering ex-dates and shut periods
  • Settlement obligations must be fulfilled before shut period commencement

Important Dates

HCL Technologies Ltd & Tata Consultancy Services Ltd.

  • Ex Date: January 16, 2026
  • Record Date: January 17, 2026
  • Shut Period: January 14-17, 2026

DCM Shriram Limited

  • Ex Date: January 23, 2026
  • Record Date: January 24, 2026
  • Shut Period: January 22-24, 2026

Havells India Limited

  • Ex Date: January 23, 2026
  • Record Date: January 23, 2026
  • Shut Period: January 22-23, 2026

United Spirits Limited

  • Ex Date: January 27, 2026
  • Record Date: January 27, 2026
  • Shut Period: January 23-27, 2026

Siemens Energy India Limited

  • Ex Date: January 30, 2026
  • Record Date: January 30, 2026
  • Shut Period: January 29-30, 2026

Impact Assessment

Market Impact: Medium - affects liquidity in SLB segment for six major securities during shut periods. Participants with open borrowing positions must plan for temporary suspension of lending/borrowing activity.

Operational Impact: SLB market makers and institutional participants need to adjust inventory and hedge positions ahead of shut periods. Dividend amounts will affect the economics of existing SLB transactions.

Investor Impact: Investors utilizing SLB for short selling or leverage must close or roll positions before shut periods. Failure to do so may result in forced buy-ins or settlement complications.

Impact Justification

Affects SLB market participants with positions in these securities during shut periods; requires awareness for dividend eligibility and settlement timing