Description

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

Summary

BSE has issued a circular detailing corporate actions (dividends) affecting 25 securities in the Securities Lending and Borrowing (SLB) segment. The circular specifies shut periods during which SLB transactions will not be permitted for the affected securities. These shut periods coincide with the book closure/record dates for dividend payments, ranging from January 27, 2026 to February 11, 2026.

Key Points

  • 25 companies have declared dividends with corresponding SLB shut periods
  • All corporate actions listed are dividend payments
  • Shut periods range from 1-3 days per security
  • Ex-dates align with book closure/record dates for most securities
  • Foreclosure dates will apply one day before the shut period begins
  • Affects securities lending and borrowing activities during specified periods

Regulatory Changes

No new regulatory changes. This circular implements existing SLB framework requirements for corporate action periods.

Compliance Requirements

  • SLB Participants: Must ensure no new lending or borrowing transactions are initiated during shut periods for affected securities
  • Market Participants: Should plan trading and settlement activities around the specified shut periods
  • Foreclosure: Existing SLB positions must be closed before the foreclosure date (one day prior to shut period)
  • Trading Members: Must inform clients about SLB restrictions during corporate action periods

Important Dates

January 2026:

  • January 27-28: KEI Industries, Wendt India, KPI Green Energy, K.P. Energy (Foreclosure: Jan 27)
  • January 28-29: Orient Electric, Jindal Stainless, IIFL Finance, Zensar Technologies (Foreclosure: Jan 28)
  • January 29-30: Mastek, Computer Age Management Services (Foreclosure: Jan 29)
  • January 29-31: Coforge (Foreclosure: Jan 29)

February 2026:

  • February 1-2: LT Foods, Balkrishna Industries (Foreclosure: Feb 1)
  • February 2-3: Symphony (Foreclosure: Feb 2)
  • February 3-4: CRIZAC, Indian Energy Exchange (Foreclosure: Feb 3)
  • February 4-5: GAIL India, MOIL, Sun Pharmaceutical (Foreclosure: Feb 4)
  • February 5-6: NTPC, Clean Science and Technology, Nestle India (Foreclosure: Feb 5)
  • February 5-7: Housing & Urban Development Corporation (Foreclosure: Feb 5)
  • February 9-10: Aurionpro Solutions (Foreclosure: Feb 9)
  • February 10-11: Page Industries (Foreclosure: Feb 10)

Impact Assessment

Market Impact: Medium - Affects liquidity in the SLB segment for 25 securities during dividend periods. Participants with active lending/borrowing positions must plan for foreclosure requirements.

Operational Impact: Participants need to:

  • Monitor foreclosure dates to avoid forced closure penalties
  • Adjust lending/borrowing strategies around shut periods
  • Ensure adequate liquidity for position closure before foreclosure dates

Segment Affected: Securities Lending and Borrowing (SLB) segment only. Regular equity trading in these securities continues normally.

Duration: Temporary restrictions spanning approximately 3 weeks (January 27 to February 11, 2026) with staggered dates across different securities.

Impact Justification

Affects trading activity in SLB segment for 25 securities during dividend payout periods. Important for securities lending participants but limited to specific shut periods.