Description

BSE announces shut periods for Securities Lending and Borrowing (SLB) operations due to dividend corporate actions across 25 securities between January 27 and February 11, 2026.

Summary

BSE has announced shut periods for Securities Lending and Borrowing (SLB) operations for 25 securities due to dividend corporate actions. The shut periods will be implemented to accommodate record dates and ex-dates for dividend distributions ranging from January 28, 2026 to February 11, 2026.

Key Points

  • 25 securities will have SLB shut periods due to dividend corporate actions
  • All corporate actions listed are dividend distributions
  • Shut periods range from January 27, 2026 to February 11, 2026
  • Record dates and ex-dates align for most securities (except COFORGE and HUDCO where record date differs from ex-date)
  • Major companies affected include NTPC, Sun Pharma, Nestle India, GAIL, and others

Regulatory Changes

No regulatory changes introduced. This is a routine operational circular informing market participants about scheduled shut periods for SLB operations.

Compliance Requirements

  • Market participants must not initiate new SLB transactions during the specified shut periods for affected securities
  • Traders and brokers must account for these shut periods when planning securities lending and borrowing strategies
  • Existing SLB positions must be managed considering the foreclosure restrictions during shut periods

Important Dates

Earliest Shut Period:

  • January 27-28, 2026: KEI Industries, Wendt India, KPI Green Energy, K.P. Energy

Key Dates by Security:

  • January 28-29, 2026: Orient Electric, Jindal Stainless, IIFL Finance, Zensar Technologies
  • January 29-30, 2026: Mastek, Computer Age Management Services
  • January 29-31, 2026: COFORGE (Record date: January 31)
  • February 1-2, 2026: LT Foods, Balkrishna Industries
  • February 2-3, 2026: Symphony
  • February 3-4, 2026: CRIZAC, Indian Energy Exchange
  • February 4-5, 2026: GAIL, MOIL, Sun Pharma
  • February 5-6, 2026: NTPC, Clean Science
  • February 5-7, 2026: HUDCO (Record date: February 7)
  • February 9-10, 2026: Aurionpro Solutions
  • February 10-11, 2026: Page Industries

Impact Assessment

Market Impact: Medium - Affects liquidity in the SLB segment for 25 securities across various sectors including power (NTPC, GAIL), pharmaceuticals (Sun Pharma, Nestle India), IT services (Mastek, COFORGE, Zensar), financial services (IIFL Finance, HUDCO), and manufacturing sectors.

Operational Impact: SLB participants will experience temporary restrictions on lending and borrowing activities for these securities during the specified shut periods. This may impact short-selling strategies and securities financing operations.

Investor Impact: Shareholders holding positions in these securities will be eligible for dividends if held through the respective record dates. SLB foreclosure restrictions prevent new lending during shut periods to ensure proper dividend entitlement tracking.

Sectoral Distribution: The circular affects a diverse range of sectors including utilities, technology, consumer goods, energy, and financial services, indicating widespread dividend distribution activity across the market.

Impact Justification

Affects SLB trading operations for 25 securities across multiple sectors with shut periods ranging from January 27 to February 11, 2026. Important for market participants engaged in securities lending and borrowing activities.