Description

Announcement of shut periods for Securities Lending and Borrowing (SLB) due to dividend corporate actions across 14 securities during February 2026.

Summary

BSE has announced shut periods for Securities Lending and Borrowing (SLB) mechanism due to dividend corporate actions in 14 securities. The shut periods range from February 4-5, 2026 to February 12-13, 2026, coinciding with respective ex-dates and book closure/record dates. During these periods, SLB activities will be restricted for the affected securities.

Key Points

  • 14 securities affected by SLB shut periods due to dividend declarations
  • Shut periods range from 1-3 days depending on book closure dates
  • All corporate actions are dividend payments
  • Ex-dates match the book closure/record dates for all securities
  • No foreclosure dates specified for any of the securities
  • Major PSU and private sector companies included in the list

Regulatory Changes

No regulatory changes. This is a routine operational announcement for SLB market participants.

Compliance Requirements

  • SLB market participants must not initiate new lending or borrowing transactions in the affected securities during shut periods
  • Existing SLB positions should be monitored for expiry dates falling within shut periods
  • Market participants should adjust their SLB strategies accounting for these temporary restrictions

Important Dates

February 4-5, 2026:

  • Cholamandalam Investment and Finance Company Ltd (Ex: Feb 5)
  • MOIL Limited (Ex: Feb 5)
  • Procter & Gamble Hygiene & Health Care Ltd (Ex: Feb 5)
  • Dr. Lal Pathlabs Limited (Ex: Feb 5)
  • Gail (India) Ltd (Ex: Feb 5)

February 5-6, 2026:

  • Triveni Engineering & Industries Ltd (Ex: Feb 6)
  • Nestle India Ltd (Ex: Feb 6)
  • National Aluminium Co. Ltd (Ex: Feb 6)
  • NTPC Limited (Ex: Feb 6)
  • Clean Science and Technology Limited (Ex: Feb 6)

February 6-9, 2026:

  • Power Grid Corporation of India Limited (Ex: Feb 9)
  • Bharat Dynamics Limited (Ex: Feb 9)

February 10-11, 2026:

  • ASM Technologies Ltd (Ex: Feb 11)

February 12-13, 2026:

  • Dynamatic Technologies Ltd (Ex: Feb 13)

Impact Assessment

Market Impact: Medium - The shut periods temporarily restrict SLB activities across 14 securities, which may affect liquidity and hedging strategies for institutional investors and traders who rely on securities lending/borrowing mechanisms.

Operational Impact: Market participants engaged in SLB activities need to plan their transactions around these shut periods. The concentration of multiple shut periods in early February (particularly Feb 4-6) may create temporary liquidity constraints in the SLB market.

Sectoral Coverage: Diverse sectors affected including power (NTPC, Power Grid), metals (National Aluminium, MOIL), FMCG (Nestle, P&G), finance (Cholamandalam), oil & gas (GAIL), defense (Bharat Dynamics), and healthcare (Dr. Lal Pathlabs), indicating broad market impact.

Impact Justification

Affects SLB market participants across 14 securities with temporary shut periods for dividend processing. Medium impact as it restricts lending/borrowing activities for short durations but affects multiple major stocks.