Description

BSE announces shut periods for Securities Lending and Borrowing (SLB) due to dividend corporate actions affecting six companies including Zensar Technologies, Wipro, NLC India, Bank of Maharashtra, Central Bank of India, and Angel One.

Summary

BSE has announced shut periods for Securities Lending and Borrowing (SLB) activities for six companies undergoing dividend corporate actions. The shut periods will restrict SLB transactions during the specified dates to facilitate smooth processing of dividend entitlements. All six companies have designated record dates and ex-dates for their respective dividend distributions.

Key Points

  • Six companies are subject to SLB shut periods due to dividend corporate actions
  • Shut periods range from 1 day to 5 days depending on the security
  • Ex-dates and record dates are aligned for all securities
  • SLB participants cannot enter new transactions during shut periods
  • Affects both banking and technology sector companies

Corporate Actions Details

Zensar Technologies Ltd.

  • Ex-Date: January 29, 2026
  • Record Date: January 29, 2026
  • Shut Period: January 28-29, 2026 (2 days)

Wipro Ltd.

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

NLC India Limited

  • Ex-Date: January 20, 2026
  • Record Date: January 20, 2026
  • Shut Period: January 19-20, 2026 (2 days)

Bank of Maharashtra

  • Ex-Date: January 20, 2026
  • Record Date: January 20, 2026
  • Shut Period: January 19-20, 2026 (2 days)

Central Bank of India

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

Angel One Limited

  • Ex-Date: January 21, 2026
  • Record Date: January 21, 2026
  • Shut Period: January 20-21, 2026 (2 days)

Compliance Requirements

  • SLB participants must ensure no new lending or borrowing transactions are initiated for these securities during the respective shut periods
  • Existing SLB positions may be affected by the shut period restrictions
  • Market participants should plan their SLB strategies considering these temporary restrictions
  • Clearing members must inform their clients about the shut period schedules

Important Dates

  • January 19-20, 2026: Shut period for NLC India Limited and Bank of Maharashtra
  • January 20-21, 2026: Shut period for Angel One Limited
  • January 22-23, 2026: Shut period for Central Bank of India
  • January 23-27, 2026: Shut period for Wipro Ltd. (longest duration)
  • January 28-29, 2026: Shut period for Zensar Technologies Ltd.

Impact Assessment

Market Impact: Medium - The shut periods will temporarily restrict SLB liquidity for these six securities. Wipro’s 5-day shut period is notably longer and may have greater impact given its large market capitalization and typical SLB volumes.

Operational Impact: Medium - SLB participants need to adjust their lending and borrowing strategies to account for the shut periods. Those with existing positions should be aware of the restrictions on new transactions.

Sector Coverage: The circular affects multiple sectors including IT services (Zensar, Wipro), power generation (NLC India), banking (Bank of Maharashtra, Central Bank of India), and financial services (Angel One), indicating broad market coverage of the restrictions.

Impact Justification

Affects SLB trading for six securities with temporary shut periods ranging from 1-5 days for dividend corporate actions. Important for participants in securities lending programs.