Description

Securities Lending and Borrowing (SLB) shut periods and foreclosure dates for corporate actions including dividends and spin-off affecting 10 securities in early February 2026.

Summary

BSE has announced shut periods for Securities Lending and Borrowing (SLB) mechanism due to upcoming corporate actions in 10 securities. The shut periods are scheduled between February 1-6, 2026, covering 9 dividend declarations and 1 spin-off event. During these periods, SLB transactions will be restricted to prevent settlement complications arising from corporate actions.

Key Points

  • 10 securities will have SLB shut periods in early February 2026
  • 9 companies declaring dividends: Symphony, Quess Corp, LT Foods, CRIZAC, Vaibhav Global, Cochin Shipyard, Balkrishna Industries, MAS Financial Services, and Garden Reach Shipbuilders
  • 1 company undergoing spin-off: Genus Power Infrastructures (with foreclosure date)
  • All shut periods are 2-day periods preceding the record date
  • Ex-dates align with record dates for all corporate actions

Regulatory Changes

No regulatory changes. This is a routine operational notice regarding SLB mechanism restrictions during corporate action periods.

Compliance Requirements

  • SLB participants must not initiate new lending/borrowing transactions in the affected securities during shut periods
  • Existing SLB positions should be squared off or rolled over before the shut period begins
  • For Genus Power Infrastructures, foreclosure is mandatory on February 6, 2026
  • Market participants must ensure settlement obligations are met before shut periods commence

Important Dates

February 1-2, 2026:

  • LT Foods Limited - Dividend (Shut: Feb 1-2, Record: Feb 2, Ex: Feb 2)
  • Balkrishna Industries - Dividend (Shut: Feb 1-2, Record: Feb 2, Ex: Feb 2)

February 2-3, 2026:

  • Symphony Limited - Dividend (Shut: Feb 2-3, Record: Feb 3, Ex: Feb 3)
  • Vaibhav Global - Dividend (Shut: Feb 2-3, Record: Feb 3, Ex: Feb 3)
  • Cochin Shipyard Limited - Dividend (Shut: Feb 2-3, Record: Feb 3, Ex: Feb 3)
  • Garden Reach Shipbuilders - Dividend (Shut: Feb 2-3, Record: Feb 3, Ex: Feb 3)

February 3-4, 2026:

  • CRIZAC LIMITED - Dividend (Shut: Feb 3-4, Record: Feb 4, Ex: Feb 4)
  • MAS Financial Services - Dividend (Shut: Feb 3-4, Record: Feb 4, Ex: Feb 4)

February 5-6, 2026:

  • Quess Corp Limited - Dividend (Shut: Feb 5-6, Record: Feb 6, Ex: Feb 6)
  • Genus Power Infrastructures - Spin Off (Shut: Feb 5-6, Record: Feb 6, Ex: Feb 6, Foreclosure: Feb 6)

Impact Assessment

Market Impact: Medium - Affects liquidity in SLB market for 10 securities during respective shut periods. Participants with open positions need to plan ahead.

Operational Impact: SLB participants must adjust their lending/borrowing strategies and ensure positions are appropriately managed before shut periods. The Genus Power spin-off requires mandatory foreclosure, which may impact participants with outstanding positions.

Trading Impact: Regular equity trading continues unaffected. Only SLB mechanism is restricted during specified periods.

Impact Justification

Affects SLB operations for 10 securities with corporate actions. Important for participants engaged in securities lending/borrowing to avoid settlement issues during shut periods.