Description
BSE announces shut periods and ex-dates for dividend corporate actions in Securities Lending and Borrowing (SLB) for 7 companies including SRF Ltd., Havells India, DCM Shriram, and others.
Summary
BSE has issued a circular notifying corporate actions in Securities Lending and Borrowing (SLB) for 7 companies declaring dividends. The circular specifies ex-dates, record dates, and shut periods during which these securities will be unavailable for SLB operations. All seven companies have dividend as the corporate action type with varying dates between January 22-27, 2026.
Key Points
- 7 companies have declared dividend corporate actions affecting SLB operations
- Shut periods range from 1 to 4 days depending on the security
- Ex-dates fall between January 23-27, 2026
- Record dates/book closure dates align with ex-dates for most securities
- SLB participants must ensure positions are closed or managed before shut periods begin
Corporate Actions Details
SRF Ltd.
- Ex-Date: January 27, 2026
- Record Date: January 27, 2026
- Shut Period: January 23-27, 2026
Havells India Limited
- Ex-Date: January 23, 2026
- Record Date: January 23, 2026
- Shut Period: January 22-23, 2026
DCM Shriram Limited
- Ex-Date: January 23, 2026
- Record Date: January 24, 2026
- Shut Period: January 22-24, 2026
TIPS Music Limited
- Ex-Date: January 23, 2026
- Record Date: January 23, 2026
- Shut Period: January 22-23, 2026
United Spirits Limited
- Ex-Date: January 27, 2026
- Record Date: January 27, 2026
- Shut Period: January 23-27, 2026
Persistent Systems Limited
- Ex-Date: January 27, 2026
- Record Date: January 27, 2026
- Shut Period: January 23-27, 2026
Oberoi Realty Limited
- Ex-Date: January 23, 2026
- Record Date: January 23, 2026
- Shut Period: January 22-23, 2026
Compliance Requirements
- SLB participants must not initiate new lending or borrowing transactions in these securities during the specified shut periods
- Existing SLB positions should be managed or closed before the shut period begins
- Market participants must ensure their systems and operations account for these shut periods
- Trading members must inform their clients about the impact on SLB availability for these securities
Important Dates
- January 22, 2026: Shut period begins for Havells India, DCM Shriram, TIPS Music, and Oberoi Realty
- January 23, 2026: Ex-date for Havells India, DCM Shriram, TIPS Music, and Oberoi Realty; Shut period begins for SRF, United Spirits, and Persistent Systems
- January 27, 2026: Ex-date and record date for SRF, United Spirits, and Persistent Systems; End of shut periods for these securities
Impact Assessment
Market Impact: Medium - affects liquidity in SLB segment for these 7 securities during specified periods. Participants who rely on securities lending and borrowing for these stocks will need to plan positions accordingly.
Operational Impact: Medium - requires SLB participants to monitor and manage positions, potentially closing or adjusting strategies before shut periods commence. System updates may be needed to prevent SLB transactions during shut periods.
Participant Impact: SLB lenders and borrowers must ensure compliance with shut period restrictions. Failure to close positions before shut periods may result in operational challenges or regulatory issues.
Impact Justification
Routine corporate action notification affecting SLB operations for 7 securities with dividend events. Important for participants in securities lending and borrowing to manage positions during shut periods.