Description

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

Summary

BSE has issued a circular detailing corporate actions (dividends) for six securities that will impact Securities Lending and Borrowing (SLB) operations. The circular specifies shut periods during which SLB transactions will be restricted for the affected securities. The companies include Zensar Technologies, Wipro, NLC India, Bank of Maharashtra, Central Bank of India, and Angel One, with ex-dates ranging from January 20-29, 2026.

Key Points

  • Six companies are undergoing dividend corporate actions affecting SLB trading
  • Shut periods are imposed for SLB transactions during the corporate action period
  • Ex-dates and record dates coincide for all listed securities
  • Shut periods range from 1-5 days depending on the company
  • All corporate actions are dividend-related

Regulatory Changes

No new regulatory changes. This circular implements existing SLB framework rules regarding corporate action restrictions.

Compliance Requirements

  • Market participants must not initiate new SLB transactions for the affected securities during the shut periods
  • Brokers and clearing members must ensure compliance with the specified shut period restrictions
  • Existing SLB positions may be subject to corporate action adjustments as per standard procedures

Important Dates

NLC India Limited & Bank of Maharashtra:

  • Ex Date: January 20, 2026
  • Record Date: January 20, 2026
  • Shut Period: January 19-20, 2026

Angel One Limited:

  • Ex Date: January 21, 2026
  • Record Date: January 21, 2026
  • Shut Period: January 20-21, 2026

Central Bank of India:

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

Wipro Ltd:

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

Zensar Technologies Ltd:

  • Ex Date: January 29, 2026
  • Record Date: January 29, 2026
  • Shut Period: January 28-29, 2026

Impact Assessment

Market Impact: Medium - The circular affects SLB liquidity for six securities during their respective shut periods. While this is a routine operational matter, it impacts trading strategies for market participants engaged in securities lending and borrowing.

Operational Impact: SLB market participants must adjust their trading strategies and positions for these securities during the specified shut periods. The staggered timing of shut periods (spread across 10 days) minimizes concentrated market impact.

Investor Impact: Limited direct impact on regular equity investors. Primary impact is on institutional investors and traders utilizing SLB mechanisms for these securities.

Impact Justification

Affects SLB trading for six major securities during dividend corporate actions. Moderate impact as it involves temporary trading restrictions for specific securities.