Description
Shut period and foreclosure dates for dividend corporate actions across 8 securities and mutual fund unit split for Quantum Asset Management.
Summary
BSE has announced corporate actions in Securities Lending and Borrowing (SLB) securities involving dividend declarations for 8 companies and a mutual fund unit split. The circular specifies shut periods during which SLB positions will be foreclosed for the respective securities to facilitate smooth settlement of corporate actions.
Key Points
- 8 securities declaring dividends with specified shut periods in February 2026
- Quantum Asset Management Co. Pvt. Ltd. undergoing mutual fund unit split
- Ex-dates and record dates range from February 5, 2026 to February 20, 2026
- SLB shut periods typically run for 1-2 days before the record date
- All corporate actions will be settled through book closure/record date mechanism
Corporate Actions Covered
Dividend Declarations:
- Triveni Turbine Limited - Ex/Record Date: 09-Feb-2026, Shut Period: 06-Feb to 09-Feb-2026
- Sun Pharmaceutical Industries Ltd. - Ex/Record Date: 05-Feb-2026, Shut Period: 04-Feb to 05-Feb-2026
- Gateway Distriparks Limited - Ex/Record Date: 12-Feb-2026, Shut Period: 11-Feb to 12-Feb-2026
- Shriram Pistons & Rings Ltd - Ex/Record Date: 06-Feb-2026, Shut Period: 05-Feb to 06-Feb-2026
- Sundaram Finance Ltd - Ex/Record Date: 06-Feb-2026, Shut Period: 05-Feb to 06-Feb-2026
- Firstsource Solutions Ltd. - Ex/Record Date: 20-Feb-2026, Shut Period: 19-Feb to 20-Feb-2026
- Aarti Drugs Limited - Ex/Record Date: 09-Feb-2026, Shut Period: 06-Feb to 09-Feb-2026
- NMDC Ltd - Ex/Record Date: 13-Feb-2026, Shut Period: 12-Feb to 13-Feb-2026
Mutual Fund Unit Split:
- Quantum Asset Management Co. Pvt. Ltd. - Ex/Record Date: 13-Feb-2026, Shut Period: 12-Feb to 13-Feb-2026
Compliance Requirements
- SLB participants must ensure foreclosure of positions during the specified shut periods
- No new SLB transactions will be permitted for these securities during shut periods
- Market participants should adjust their SLB strategies accounting for these shut periods
- Borrowers and lenders must settle their positions before the shut period commences
Important Dates
- February 4-5, 2026: Shut period for Sun Pharmaceutical Industries
- February 5-6, 2026: Shut period for Shriram Pistons & Rings and Sundaram Finance
- February 6-9, 2026: Shut period for Triveni Turbine and Aarti Drugs
- February 11-12, 2026: Shut period for Gateway Distriparks
- February 12-13, 2026: Shut period for NMDC and Quantum Asset Management
- February 19-20, 2026: Shut period for Firstsource Solutions
Impact Assessment
Market Impact: Medium - SLB participants holding positions in these 9 securities will need to plan for foreclosure during shut periods. The staggered dates across February 2026 distribute the impact.
Trading Impact: SLB liquidity for these securities will be temporarily affected during their respective shut periods, potentially impacting short-selling strategies and securities lending revenue.
Operational Impact: Market participants must track multiple shut periods across different dates and ensure timely position settlement to avoid forced foreclosure penalties.
Impact Justification
Standard corporate action notification affecting SLB operations for multiple securities with specific shut periods for dividend and fund unit split actions.