Description

BSE announces shut periods for Securities Lending and Borrowing (SLB) due to dividend corporate actions for six companies including TCS, HCL Technologies, DCM Shriram, Havells India, Siemens Energy India, and United Spirits.

Summary

BSE has announced corporate actions in Securities Lending and Borrowing (SLB) securities for six companies declaring dividends. The circular specifies shut periods during which SLB transactions will be restricted for these securities to facilitate dividend processing.

Key Points

  • Six companies have declared dividends with associated SLB shut periods
  • Shut periods range from 2 to 5 days depending on the security
  • Ex-dates and record dates/book closure dates specified for each security
  • SLB participants must plan transactions around these shut periods
  • All securities are from large-cap companies across diverse sectors

Regulatory Changes

No new regulatory changes introduced. This circular implements standard SLB operational procedures for corporate actions.

Compliance Requirements

  • SLB participants must not initiate new lending/borrowing transactions during shut periods
  • Market participants must adhere to foreclosure requirements before shut periods begin
  • Existing SLB positions may need to be squared off before shut period commencement

Important Dates

HCL Technologies Ltd & Tata Consultancy Services Ltd.

  • Ex Date: 16-January-2026
  • Book Closure/Record Date: 17-January-2026
  • Shut Period: 14-Jan-2026 to 17-Jan-2026

Havells India Limited

  • Ex Date: 23-January-2026
  • Book Closure/Record Date: 23-January-2026
  • Shut Period: 22-Jan-2026 to 23-Jan-2026

DCM Shriram Limited

  • Ex Date: 23-January-2026
  • Book Closure/Record Date: 24-January-2026
  • Shut Period: 22-Jan-2026 to 24-Jan-2026

United Spirits Limited

  • Ex Date: 27-January-2026
  • Book Closure/Record Date: 27-January-2026
  • Shut Period: 23-Jan-2026 to 27-Jan-2026

Siemens Energy India Limited

  • Ex Date: 30-January-2026
  • Book Closure/Record Date: 30-January-2026
  • Shut Period: 29-Jan-2026 to 30-Jan-2026

Impact Assessment

Medium impact on SLB market participants who hold positions in these securities. The shut periods temporarily restrict liquidity in the SLB segment for these stocks. Participants must plan their strategies accordingly and may need to adjust positions before shut periods. The companies involved are large-cap stocks with significant market presence, so the impact on overall SLB operations is notable but temporary. The staggered dates across January 2026 help distribute the operational impact.

Impact Justification

Impacts SLB participants for six major securities with temporary trading restrictions during shut periods for dividend processing