Description

Securities Lending and Borrowing (SLB) shut period notifications for 17 companies declaring dividends with record dates between January 29, 2026 and February 20, 2026.

Summary

BSE has notified the shut period for Securities Lending and Borrowing (SLB) transactions for 17 securities undergoing dividend corporate actions. The circular specifies foreclosure dates and shut periods for each security, ranging from January 28-29, 2026 to February 19-20, 2026, corresponding to their respective record dates.

Key Points

  • 17 securities will have SLB shut periods due to dividend declarations
  • Shut periods range from 1-3 days depending on the security
  • Record dates span from January 29, 2026 to February 20, 2026
  • Ex-dates align with or precede record dates as per standard settlement cycles
  • All corporate actions listed are dividend distributions

Regulatory Changes

No regulatory changes introduced. This is a routine operational notification for existing SLB framework.

Compliance Requirements

  • SLB participants must close out positions or roll over contracts before the foreclosure date for affected securities
  • No new SLB contracts can be entered during the specified shut periods
  • Market participants must ensure compliance with the shut period restrictions for each security

Important Dates

  • Zensar Technologies Ltd: Shut period Jan 28-29, 2026 (Ex-date: Jan 29, Record date: Jan 29)
  • Godrej Consumer Products Ltd: Shut period Jan 29-30, 2026 (Ex-date: Jan 30, Record date: Jan 30)
  • Kirloskar Pneumatic Co. Ltd: Shut period Jan 29-30, 2026 (Ex-date: Jan 30, Record date: Jan 30)
  • Sona BLW Precision Forgings Limited: Shut period Jan 29-30, 2026 (Ex-date: Jan 30, Record date: Jan 30)
  • CG Power and Industrial Solutions Limited: Shut period Jan 29-Feb 1, 2026 (Ex-date: Jan 30, Record date: Feb 1)
  • Motilal Oswal Financial Services Limited: Shut period Jan 29-31, 2026 (Ex-date: Jan 30, Record date: Jan 31)
  • COFORGE LIMITED: Shut period Jan 29-31, 2026 (Ex-date: Jan 30, Record date: Jan 31)
  • Bharat Petroleum Corpn. Ltd: Shut period Feb 1-2, 2026 (Ex-date: Feb 2, Record date: Feb 2)
  • Siyaram Silk Mills Ltd: Shut period Feb 1-2, 2026 (Ex-date: Feb 2, Record date: Feb 2)
  • Share India Securities Limited: Shut period Feb 1-2, 2026 (Ex-date: Feb 2, Record date: Feb 2)
  • Metro Brands Limited: Shut period Feb 1-2, 2026 (Ex-date: Feb 2, Record date: Feb 2)
  • Gail (India) Ltd: Shut period Feb 4-5, 2026 (Ex-date: Feb 5, Record date: Feb 5)
  • POWER GRID CORPORATION OF INDIA LIMITED: Shut period Feb 6-9, 2026 (Ex-date: Feb 9, Record date: Feb 9)
  • Apollo Tyres Ltd: Shut period Feb 9-10, 2026 (Ex-date: Feb 10, Record date: Feb 10)
  • Repco Home Finance Limited: Shut period Feb 11-12, 2026 (Ex-date: Feb 12, Record date: Feb 12)
  • M.R.F. Ltd: Shut period Feb 12-13, 2026 (Ex-date: Feb 13, Record date: Feb 13)
  • Indian Railway Catering & Tourism Corporation Ltd: Shut period Feb 19-20, 2026 (Ex-date: Feb 20, Record date: Feb 20)

Impact Assessment

Market Operations: Moderate impact on SLB market participants who must manage their positions around the shut periods. The staggered dates across January-February 2026 allow for operational planning.

Liquidity: Temporary reduction in SLB availability for these 17 securities during their respective shut periods, which may affect short-selling strategies and hedging activities.

Investor Impact: Primarily affects institutional investors and traders using SLB facilities. Retail investors not involved in securities lending will see no direct impact beyond the standard dividend ex-date adjustments.

Impact Justification

Affects SLB participants for 17 securities with dividend corporate actions. Requires attention for foreclosure dates but is routine operational information for market participants involved in securities lending.