Description
BSE announces 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) operations for nine securities undergoing corporate actions. The circular covers dividend announcements for eight companies and one mutual fund unit split, with shut periods ranging from February 4-5, 2026 to February 19-20, 2026. During these shut periods, the affected securities will not be available for lending or borrowing transactions.
Key Points
- Nine securities affected by corporate actions in SLB segment
- Eight dividend announcements and one mutual fund unit split
- Shut periods implemented to facilitate corporate action processing
- Ex-dates and record dates align with book closure dates
- SLB participants must note trading restrictions during shut periods
Regulatory Changes
No regulatory changes introduced. This is a standard operational circular for corporate action management in the SLB segment.
Compliance Requirements
- SLB participants must not initiate new lending or borrowing transactions for affected securities during shut periods
- Existing positions may need to be managed considering the shut period restrictions
- Market participants should track ex-dates and record dates for dividend entitlement purposes
Important Dates
Triveni Turbine Limited
- Shut Period: February 6-9, 2026
- Ex-Date/Record Date: February 9, 2026
- Corporate Action: Dividend
Sun Pharmaceutical Industries Ltd.
- Shut Period: February 4-5, 2026
- Ex-Date/Record Date: February 5, 2026
- Corporate Action: Dividend
Gateway Distriparks Limited
- Shut Period: February 11-12, 2026
- Ex-Date/Record Date: February 12, 2026
- Corporate Action: Dividend
Shriram Pistons & Rings Ltd.
- Shut Period: February 5-6, 2026
- Ex-Date/Record Date: February 6, 2026
- Corporate Action: Dividend
Quantum Asset Management Co. Pvt. Ltd.
- Shut Period: February 12-13, 2026
- Ex-Date/Record Date: February 13, 2026
- Corporate Action: Split of Mutual Fund Units
Sundaram Finance Ltd.
- Shut Period: February 5-6, 2026
- Ex-Date/Record Date: February 6, 2026
- Corporate Action: Dividend
Firstsource Solutions Ltd.
- Shut Period: February 19-20, 2026
- Ex-Date/Record Date: February 20, 2026
- Corporate Action: Dividend
Aarti Drugs Limited
- Shut Period: February 6-9, 2026
- Ex-Date/Record Date: February 9, 2026
- Corporate Action: Dividend
NMDC Ltd.
- Shut Period: February 12-13, 2026
- Ex-Date/Record Date: February 13, 2026
- Corporate Action: Dividend
Impact Assessment
Market Impact: Medium - affects liquidity in the SLB segment for nine securities across different time periods in February 2026. Participants need to plan their lending and borrowing strategies around these shut periods.
Operational Impact: SLB market participants must adjust their trading and position management strategies to account for the unavailability of these securities during specified shut periods. The staggered shut periods minimize overall market disruption.
Investor Impact: Shareholders holding positions on the record dates will be entitled to dividends. SLB participants should be aware that borrowed securities may need special handling around corporate action dates.
Impact Justification
Affects SLB trading operations for multiple securities during specified shut periods; important for participants in securities lending and borrowing segment