Description

BSE circular listing corporate actions (dividends and spin-off) for 10 securities with shut periods starting February 2026, affecting securities lending and borrowing.

Summary

BSE has issued a circular notifying corporate actions affecting Securities Lending and Borrowing (SLB) operations for 10 securities. The circular lists dividend declarations for 9 companies and 1 spin-off event, all with ex-dates and shut periods in early February 2026. During shut periods, securities cannot be borrowed or lent, requiring market participants to manage positions accordingly.

Key Points

  • 10 securities affected by corporate actions in SLB segment
  • 9 dividend declarations and 1 spin-off (Genus Power Infrastructures Ltd)
  • Ex-dates range from February 2-6, 2026
  • Shut periods typically last 1-2 days before ex-date
  • Book closure/record dates align with ex-dates
  • Genus Power has foreclosure date of February 6, 2026 for spin-off

Corporate Actions Detailed

Dividends:

  • Symphony Limited: Ex-date Feb 3, Shut period Feb 2-3
  • Quess Corp Limited: Ex-date Feb 6, Shut period Feb 5-6
  • LT Foods Limited: Ex-date Feb 2, Shut period Feb 1-2
  • CRIZAC LIMITED: Ex-date Feb 4, Shut period Feb 3-4
  • Vaibhav Global Ltd: Ex-date Feb 3, Shut period Feb 2-3
  • Cochin Shipyard Limited: Ex-date Feb 3, Shut period Feb 2-3
  • Balkrishna Industries Ltd: Ex-date Feb 2, Shut period Feb 1-2
  • MAS Financial Services Limited: Ex-date Feb 4, Shut period Feb 3-4
  • Garden Reach Shipbuilders & Engineers Limited: Ex-date Feb 3, Shut period Feb 2-3

Spin-Off:

  • Genus Power Infrastructures Ltd: Ex-date Feb 6, Foreclosure date Feb 6, Shut period Feb 5-6

Compliance Requirements

  • SLB participants must ensure positions are squared off or closed before shut period begins
  • No new lending or borrowing transactions permitted during shut periods
  • Participants holding positions during shut periods will face delivery obligations
  • Market participants must monitor corporate action calendar to avoid disruptions

Important Dates

  • February 1-2, 2026: Shut period for LT Foods, Balkrishna Industries
  • February 2-3, 2026: Shut period for Symphony, Vaibhav Global, Cochin Shipyard, Garden Reach Shipbuilders
  • February 3-4, 2026: Shut period for CRIZAC, MAS Financial Services
  • February 5-6, 2026: Shut period for Quess Corp, Genus Power Infrastructures

Impact Assessment

Market Operations Impact: Medium impact on SLB segment operations. Participants with open positions in these 10 securities must plan position management around shut periods. Failure to close positions before shut periods will result in mandatory delivery obligations.

Trading Impact: Limited direct trading impact, but SLB participants may need to adjust strategies. Securities with shut periods may see reduced liquidity in lending/borrowing markets during affected dates.

Operational Requirements: SLB participants must update systems and processes to account for shut periods. Risk management teams should monitor exposures in affected securities leading up to shut periods.

Impact Justification

Affects SLB operations for 10 securities with shut periods in early February 2026. Participants must close positions before shut periods to avoid delivery obligations.