Description

BSE announces shut periods for Securities Lending and Borrowing (SLB) transactions due to dividend corporate actions for 17 companies with record dates between January 29 and February 20, 2026.

Summary

BSE has issued a circular detailing corporate actions (dividends) for 17 securities that will impact Securities Lending and Borrowing (SLB) transactions. The circular specifies shut periods during which SLB foreclosure will be restricted for each security. These restrictions are being implemented to accommodate dividend record dates and book closure periods scheduled between January 29, 2026 and February 20, 2026.

Key Points

  • 17 companies have announced dividend corporate actions affecting SLB transactions
  • Shut periods range from 1-3 days for each security
  • Ex-dates and record dates align in most cases, with some exceptions
  • SLB foreclosure will not be permitted during the specified shut periods
  • Companies span multiple sectors including tyres, power, petroleum, financial services, and technology

Affected Securities and Shut Periods

January 2026

  • Zensar Technologies Ltd: Shut Period: Jan 28-29, 2026 | Record Date: Jan 29, 2026
  • CG Power and Industrial Solutions: Shut Period: Jan 29 - Feb 1, 2026 | Record Date: Feb 1, 2026
  • Godrej Consumer Products Ltd: Shut Period: Jan 29-30, 2026 | Record Date: Jan 30, 2026
  • Motilal Oswal Financial Services: Shut Period: Jan 29-31, 2026 | Record Date: Jan 31, 2026
  • Kirloskar Pneumatic Co. Ltd: Shut Period: Jan 29-30, 2026 | Record Date: Jan 30, 2026
  • Sona BLW Precision Forgings: Shut Period: Jan 29-30, 2026 | Record Date: Jan 30, 2026
  • COFORGE LIMITED: Shut Period: Jan 29-31, 2026 | Record Date: Jan 31, 2026

February 2026

  • Bharat Petroleum Corporation Ltd: Shut Period: Feb 1-2, 2026 | Record Date: Feb 2, 2026
  • Siyaram Silk Mills Ltd: Shut Period: Feb 1-2, 2026 | Record Date: Feb 2, 2026
  • Share India Securities Limited: Shut Period: Feb 1-2, 2026 | Record Date: Feb 2, 2026
  • Metro Brands Limited: Shut Period: Feb 1-2, 2026 | Record Date: Feb 2, 2026
  • Gail (India) Ltd: Shut Period: Feb 4-5, 2026 | Record Date: Feb 5, 2026
  • POWER GRID CORPORATION OF INDIA: Shut Period: Feb 6-9, 2026 | Record Date: Feb 9, 2026
  • Apollo Tyres Ltd: Shut Period: Feb 9-10, 2026 | Record Date: Feb 10, 2026
  • Repco Home Finance Limited: Shut Period: Feb 11-12, 2026 | Record Date: Feb 12, 2026
  • M.R.F. Ltd: Shut Period: Feb 12-13, 2026 | Record Date: Feb 13, 2026
  • Indian Railway Catering & Tourism Corporation: Shut Period: Feb 19-20, 2026 | Record Date: Feb 20, 2026

Trading Restrictions

  • SLB foreclosure transactions will not be permitted during the specified shut periods for each security
  • Market participants holding SLB positions in these securities must plan accordingly
  • Foreclosure requests submitted during shut periods will be rejected

Important Dates

  • Earliest Shut Period Start: January 28, 2026 (Zensar Technologies)
  • Latest Shut Period End: February 20, 2026 (IRCTC)
  • Peak Period: January 29 - February 2, 2026 (multiple securities affected)

Impact Assessment

Market Impact: Medium - affects liquidity in SLB segment for 17 actively traded securities across diverse sectors including large-cap stocks like BPCL, GAIL, Power Grid, and MRF.

Operational Impact: SLB participants must ensure timely closure or rollover of positions before shut periods begin. Failure to do so may result in forced position maintenance through the dividend record date, potentially affecting settlement obligations and margin requirements.

Investor Considerations: Institutional investors and market makers utilizing SLB facilities should review their positions in these securities and plan foreclosure activities outside the restricted periods to avoid operational disruptions.

Impact Justification

Affects SLB trading activities for 17 securities across multiple sectors during dividend record dates. Market participants engaged in securities lending/borrowing need to adjust positions during specified shut periods.