Description
Notification of dividend corporate actions and shut periods for seven securities in the Securities Lending and Borrowing (SLB) segment including SRF, Havells India, DCM Shriram, and others.
Summary
BSE has issued a circular regarding corporate actions (dividends) in seven securities available for Securities Lending and Borrowing (SLB). The circular specifies record dates, ex-dates, and shut periods during which fresh lending and borrowing will be restricted for these securities.
Key Points
- Seven companies have announced dividend corporate actions affecting their SLB securities
- Shut periods will be enforced during which fresh SLB transactions will not be permitted
- Ex-dates range from January 23-27, 2026
- Record dates align with or immediately follow ex-dates
- SLB participants must manage positions accordingly before shut periods commence
Corporate Actions Details
SRF Ltd.
- Action: Dividend
- Ex-Date: January 27, 2026
- Record Date: January 27, 2026
- Shut Period: January 23-27, 2026
Havells India Limited
- Action: Dividend
- Ex-Date: January 23, 2026
- Record Date: January 23, 2026
- Shut Period: January 22-23, 2026
DCM Shriram Limited
- Action: Dividend
- Ex-Date: January 23, 2026
- Record Date: January 24, 2026
- Shut Period: January 22-24, 2026
TIPS Music Limited
- Action: Dividend
- Ex-Date: January 23, 2026
- Record Date: January 23, 2026
- Shut Period: January 22-23, 2026
United Spirits Limited
- Action: Dividend
- Ex-Date: January 27, 2026
- Record Date: January 27, 2026
- Shut Period: January 23-27, 2026
Persistent Systems Limited
- Action: Dividend
- Ex-Date: January 27, 2026
- Record Date: January 27, 2026
- Shut Period: January 23-27, 2026
Oberoi Realty Limited
- Action: Dividend
- Ex-Date: January 23, 2026
- Record Date: January 23, 2026
- Shut Period: January 22-23, 2026
Compliance Requirements
- SLB participants holding positions in these securities must ensure compliance with shut period restrictions
- No fresh lending or borrowing transactions will be permitted during the specified shut periods
- Market participants should square off or roll over positions before the shut period begins
- Existing SLB positions may be subject to foreclosure procedures as per exchange regulations
Important Dates
- January 22, 2026: Shut period begins for Havells India, DCM Shriram, TIPS Music, and Oberoi Realty
- January 23, 2026: Ex-date and shut period start for SRF, United Spirits, and Persistent Systems; Ex-date for four other securities
- January 24, 2026: Record date for DCM Shriram
- January 27, 2026: Ex-date and record date for SRF, United Spirits, and Persistent Systems
Impact Assessment
SLB Market Impact: Market participants with open SLB positions in these seven securities must plan position management strategies before shut periods. The restrictions on fresh lending and borrowing during shut periods may affect liquidity and availability of these securities for short-selling or hedging strategies.
Operational Impact: Brokers and institutional participants need to inform clients holding SLB positions about the shut periods and ensure timely action to avoid forced closure or penalties. The staggered dates (January 22-27) require careful tracking of multiple deadlines.
Dividend Entitlement: The record dates determine dividend eligibility, which affects the pricing and demand dynamics for SLB transactions in these securities leading up to the ex-dates.
Impact Justification
Affects SLB participants holding positions in these seven securities during the shut period, requiring position management and settlement actions