Description

BSE circular announcing shut periods for Securities Lending and Borrowing (SLB) due to corporate actions including dividends for 8 companies and mutual fund unit split for Quantum Asset Management.

Summary

BSE has announced shut periods for Securities Lending and Borrowing (SLB) activities due to corporate actions in 9 securities. Eight companies will undergo dividend distributions and one mutual fund will execute a unit split. During the shut periods, SLB transactions will not be permitted for these securities.

Key Points

  • 8 companies declaring dividends with ex-dates and record dates between February 5-20, 2026
  • 1 mutual fund (Quantum Asset Management) executing unit split on February 13, 2026
  • SLB shut periods range from 1-4 days for each security
  • All corporate actions use record date methodology (no foreclosure dates specified)
  • Shut periods commence 1-2 days before the ex-date

Regulatory Changes

No regulatory changes introduced. This is a routine operational circular informing market participants of temporary restrictions on SLB activities.

Compliance Requirements

  • Market participants must not initiate new SLB transactions for the affected securities during the specified shut periods
  • Existing SLB positions may be impacted and should be managed according to the corporate action schedules
  • Brokers and clearing members should inform their clients engaged in SLB activities about these restrictions

Important Dates

Triveni Turbine Limited (Dividend)

  • Shut Period: February 6-9, 2026
  • Ex-Date/Record Date: February 9, 2026

Sun Pharmaceutical Industries Ltd. (Dividend)

  • Shut Period: February 4-5, 2026
  • Ex-Date/Record Date: February 5, 2026

Gateway Distriparks Limited (Dividend)

  • Shut Period: February 11-12, 2026
  • Ex-Date/Record Date: February 12, 2026

Shriram Pistons & Rings Ltd (Dividend)

  • Shut Period: February 5-6, 2026
  • Ex-Date/Record Date: February 6, 2026

Quantum Asset Management Co. Pvt. Ltd. (Mutual Fund Unit Split)

  • Shut Period: February 12-13, 2026
  • Ex-Date/Record Date: February 13, 2026

Sundaram Finance Ltd (Dividend)

  • Shut Period: February 5-6, 2026
  • Ex-Date/Record Date: February 6, 2026

Firstsource Solutions Ltd. (Dividend)

  • Shut Period: February 19-20, 2026
  • Ex-Date/Record Date: February 20, 2026

Aarti Drugs Limited (Dividend)

  • Shut Period: February 6-9, 2026
  • Ex-Date/Record Date: February 9, 2026

NMDC Ltd (Dividend)

  • Shut Period: February 12-13, 2026
  • Ex-Date/Record Date: February 13, 2026

Impact Assessment

Market Impact: Medium - Affects liquidity in the SLB segment for 9 securities during their respective shut periods. Investors who rely on securities lending/borrowing for hedging or leveraged strategies will need to plan around these restrictions.

Operational Impact: Medium - SLB participants must adjust their trading strategies and position management for the affected securities. The staggered dates across February provide some planning flexibility.

Investor Impact: Low to Medium - Only affects participants in the SLB segment. Cash market trading continues normally. Dividend-eligible shareholders benefit from these corporate actions.

Impact Justification

Affects SLB trading for 9 securities during shut periods ranging from Feb 4-20, 2026. Important for investors engaged in securities lending/borrowing activities but limited to specific securities and short duration.