Description

BSE announces shut periods for Securities Lending and Borrowing (SLB) for 25 companies declaring dividends between January 28 and February 11, 2026.

Summary

BSE has announced foreclosure/shut periods for Securities Lending and Borrowing (SLB) operations for 25 companies that have declared dividends. The shut periods range from January 27, 2026 to February 11, 2026, corresponding to the respective record dates and ex-dates for dividend distribution. During these shut periods, SLB transactions will not be permitted for the affected securities.

Key Points

  • 25 companies have corporate actions (dividends) requiring SLB shut periods
  • Shut periods are implemented one day before the record date through the record date
  • Ex-dates align with record dates for most companies, with two exceptions (COFORGE and HUDCO)
  • Major companies affected include NTPC, Sun Pharma, Nestle India, GAIL, Page Industries, and others
  • Earliest shut period begins January 27, 2026 (for KEI Industries, Wendt India, KPI Green Energy, K.P. Energy)
  • Latest shut period ends February 11, 2026 (for Page Industries)

Regulatory Changes

No regulatory changes. This is a standard operational circular for corporate action processing in the SLB segment.

Compliance Requirements

  • Market participants must not initiate new SLB transactions in the affected securities during the specified shut periods
  • Traders and brokers should ensure compliance with foreclosure dates to avoid transaction failures
  • Existing SLB positions may need to be squared off or adjusted before the shut period begins

Important Dates

January 2026

  • January 27-28: KEI Industries, Wendt India, KPI Green Energy, K.P. Energy
  • January 28-29: Orient Electric, Jindal Stainless, IIFL Finance, Zensar Technologies
  • January 29-30: Mastek, Computer Age Management Services
  • January 29-31: COFORGE (record date: January 31)
  • January 31-February 1: LT Foods, Balkrishna Industries

February 2026

  • February 2-3: Symphony
  • February 3-4: CRIZAC, Indian Energy Exchange
  • February 4-5: GAIL, MOIL, Sun Pharmaceutical
  • February 5-6: NTPC, Clean Science and Technology, Nestle India
  • February 5-7: HUDCO (record date: February 7)
  • February 9-10: Aurionpro Solutions
  • February 10-11: Page Industries

Impact Assessment

Market Impact: Medium - affects liquidity in SLB segment for 25 securities across multiple sectors including pharmaceuticals, energy, IT services, consumer goods, and infrastructure.

Operational Impact: Market participants using SLB mechanisms for hedging, arbitrage, or short-selling strategies will need to plan around these shut periods. The staggered timing across three weeks allows for portfolio adjustments.

Investor Impact: Dividend-seeking investors should note the ex-dates for entitlement. SLB participants should close or roll positions before foreclosure dates to avoid settlement issues.

Impact Justification

Affects SLB trading operations for 25 major companies across various sectors during dividend record dates. Important for traders using securities lending and borrowing mechanisms.