Description

BSE notification of corporate actions affecting Securities Lending and Borrowing (SLB) securities, including dividends and spin-off events for various companies in February 2026.

Summary

BSE has announced corporate actions affecting Securities Lending and Borrowing (SLB) securities for February 2026. The circular covers 9 dividend declarations and 1 spin-off event across 10 companies, with corresponding ex-dates, book closure/record dates, and shut periods for SLB transactions.

Key Points

  • 9 companies declaring dividends with ex-dates between February 2-6, 2026
  • 1 spin-off event (Genus Power Infrastructures Ltd) on February 6, 2026
  • All affected securities will have shut periods for SLB transactions
  • Genus Power Infrastructures Ltd spin-off includes foreclosure date of February 6, 2026
  • Shut periods range from 1-2 days per security

Corporate Actions

Dividend Declarations

  1. LT Foods Limited - Ex-Date: February 2, 2026 | Shut Period: Feb 1-2
  2. Balkrishna Industries Ltd - Ex-Date: February 2, 2026 | Shut Period: Feb 1-2
  3. Symphony Limited - Ex-Date: February 3, 2026 | Shut Period: Feb 2-3
  4. Vaibhav Global Ltd - Ex-Date: February 3, 2026 | Shut Period: Feb 2-3
  5. Cochin Shipyard Limited - Ex-Date: February 3, 2026 | Shut Period: Feb 2-3
  6. Garden Reach Shipbuilders & Engineers Limited - Ex-Date: February 3, 2026 | Shut Period: Feb 2-3
  7. CRIZAC LIMITED - Ex-Date: February 4, 2026 | Shut Period: Feb 3-4
  8. MAS Financial Services Limited - Ex-Date: February 4, 2026 | Shut Period: Feb 3-4
  9. Quess Corp Limited - Ex-Date: February 6, 2026 | Shut Period: Feb 5-6

Spin-Off Event

  • Genus Power Infrastructures Ltd - Ex-Date: February 6, 2026 | Foreclosure: February 6, 2026 | Shut Period: Feb 5-6

Compliance Requirements

  • SLB participants must close positions or be aware of restrictions during shut periods
  • No new SLB transactions can be initiated in these securities during shut periods
  • Existing SLB positions in Genus Power Infrastructures Ltd must be foreclosed by February 6, 2026
  • Market participants must adjust their SLB strategies to account for corporate action dates

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
  • February 6, 2026: Foreclosure date for Genus Power Infrastructures Ltd spin-off

Impact Assessment

This circular has medium impact on SLB market operations. Participants with positions in the affected 10 securities must plan for temporary restrictions on lending and borrowing activities. The Genus Power Infrastructures spin-off requires mandatory foreclosure, which may force position unwinding. Dividend-related shut periods are routine but require operational adjustments for active SLB traders. Market liquidity in these securities’ SLB segment may be affected during the respective shut periods.

Impact Justification

Affects SLB positions across 10 securities with dividends and one spin-off requiring foreclosure and shut periods