Description
BSE announces foreclosure periods for Securities Lending and Borrowing (SLB) for seven companies declaring dividends with record dates between January 23-27, 2026.
Summary
BSE has announced foreclosure periods for Securities Lending and Borrowing (SLB) for seven companies that have declared dividends. The foreclosure prevents new SLB transactions during specified shut periods to ensure proper dividend entitlement for shareholders on record dates.
Key Points
- Seven companies affected: SRF Ltd., Havells India Limited, DCM Shriram Limited, TIPS Music Limited, United Spirits Limited, Persistent Systems Limited, and Oberoi Realty Limited
- All corporate actions are for dividend distribution
- Foreclosure periods range from 1-5 days depending on the record date
- SLB participants must settle positions before foreclosure to receive dividend benefits
- Ex-dates align with record dates for most securities
Regulatory Changes
No new regulatory changes. This is a standard operational procedure for SLB market operations during corporate actions.
Compliance Requirements
- SLB market participants must close or settle their positions before the foreclosure date if they wish to be eligible for dividend entitlement
- No new SLB transactions will be permitted during the shut period for these securities
- Participants must monitor their positions and plan settlements accordingly
Important Dates
SRF Ltd.
- Shut Period: January 23-27, 2026
- Ex Date: January 27, 2026
- Record Date: January 27, 2026
Havells India Limited
- Shut Period: January 22-23, 2026
- Ex Date: January 23, 2026
- Record Date: January 23, 2026
DCM Shriram Limited
- Shut Period: January 22-24, 2026
- Ex Date: January 23, 2026
- Record Date: January 24, 2026
TIPS Music Limited
- Shut Period: January 22-23, 2026
- Ex Date: January 23, 2026
- Record Date: January 23, 2026
United Spirits Limited
- Shut Period: January 23-27, 2026
- Ex Date: January 27, 2026
- Record Date: January 27, 2026
Persistent Systems Limited
- Shut Period: January 23-27, 2026
- Ex Date: January 27, 2026
- Record Date: January 27, 2026
Oberoi Realty Limited
- Shut Period: January 22-23, 2026
- Ex Date: January 23, 2026
- Record Date: January 23, 2026
Impact Assessment
Market Impact: Medium - Affects liquidity in the SLB segment for seven securities during foreclosure periods. Participants with open positions must plan settlements to avoid forced closures or ineligibility for dividend benefits.
Operational Impact: SLB participants need to monitor their positions and ensure timely settlement before foreclosure dates. This is a routine operational requirement for corporate actions but requires active position management.
Investor Impact: Investors participating in SLB for these securities must be aware of foreclosure timelines to maintain dividend eligibility and avoid disruption to their lending/borrowing strategies.
Impact Justification
Affects SLB participants for seven securities with upcoming dividend record dates. Participants must settle positions before foreclosure to be eligible for dividend benefits.