Description
BSE notification regarding shut periods for Securities Lending and Borrowing (SLB) due to dividend corporate actions across 28 securities from February 4-20, 2026.
Summary
BSE has issued a circular notifying shut periods for Securities Lending and Borrowing (SLB) segment due to dividend corporate actions in 28 securities. The shut periods range from February 4, 2026 to February 20, 2026, during which SLB transactions will be restricted for the affected securities to facilitate dividend distribution processes.
Key Points
- 28 securities affected by dividend corporate actions
- All corporate actions are dividend-related
- Shut periods established for SLB segment operations
- Ex-dates and record dates align for most securities
- Shut periods typically span 1-3 days before record dates
- Earliest shut period starts February 4, 2026 (Sun Pharma)
- Latest shut period ends February 20, 2026 (Power Finance Corporation)
Regulatory Changes
No new regulatory changes introduced. This is a standard operational notification for corporate action handling in the SLB segment.
Compliance Requirements
- Market participants must not initiate new SLB transactions for affected securities during shut periods
- Trading members should inform clients about SLB restrictions during specified shut periods
- Participants must ensure compliance with shut period restrictions for each security
Important Dates
February 5, 2026
- Sun Pharmaceutical Industries Ltd: Ex-date and Record date (Shut: Feb 4-5)
February 10, 2026
- Apollo Tyres Ltd: Ex-date and Record date (Shut: Feb 9-10)
- Jubilant Ingrevia Limited: Ex-date and Record date (Shut: Feb 9-10)
- RITES Limited: Ex-date and Record date (Shut: Feb 9-10)
- NHPC Limited: Ex-date and Record date (Shut: Feb 9-10)
- Tube Investments of India Ltd: Ex-date and Record date (Shut: Feb 9-10)
- Emami Ltd: Ex-date and Record date (Shut: Feb 9-10)
- CCL Products (India) Ltd: Ex-date and Record date (Shut: Feb 9-10)
February 11, 2026
- Hero MotoCorp Limited: Ex-date and Record date (Shut: Feb 10-11)
- Cummins India Ltd: Ex-date and Record date (Shut: Feb 10-11)
- UNO Minda Limited: Ex-date and Record date (Shut: Feb 10-11)
- FDC Ltd: Ex-date and Record date (Shut: Feb 10-11)
- Rail Vikas Nigam Limited: Ex-date and Record date (Shut: Feb 10-11)
- J.B. Chemicals & Pharmaceuticals Lt: Ex-date and Record date (Shut: Feb 10-11)
February 12, 2026
- SUN TV NETWORK LIMITED: Ex-date and Record date (Shut: Feb 11-12)
- Repco Home Finance Limited: Ex-date and Record date (Shut: Feb 11-12)
February 13, 2026
- Minda Corporation Limited: Ex-date and Record date (Shut: Feb 12-13)
- VRL Logistics Limited: Ex-date and Record date (Shut: Feb 12-13)
- Shivalik Bimetal Controls Ltd: Ex-date and Record date (Shut: Feb 12-13)
- Mazagon Dock Shipbuilders Limited: Ex-date and Record date (Shut: Feb 12-13)
- Hindustan Copper Ltd: Ex-date and Record date (Shut: Feb 12-13)
- BEML Ltd: Ex-date and Record date (Shut: Feb 12-13)
February 17, 2026
- International Gemmological Institute India Limited: Ex-date and Record date (Shut: Feb 16-17)
- Mrs. Bectors Food Specialities Limited: Ex-date and Record date (Shut: Feb 16-17)
February 18-19, 2026
- IRB Infrastructure Developers Limited: Ex-date Feb 18, Record date Feb 19 (Shut: Feb 17-19)
- Torrent Pharmaceuticals Ltd: Ex-date Feb 18, Record date Feb 19 (Shut: Feb 17-19)
February 18, 2026
- Oil And Natural Gas Corporation Ltd: Ex-date and Record date (Shut: Feb 17-18)
February 20, 2026
- Power Finance Corporation Ltd: Ex-date and Record date (Shut: Feb 19-20)
Impact Assessment
Market Impact: Medium - Affects liquidity in the SLB segment for 28 securities during their respective shut periods. Market participants engaged in securities lending and borrowing will need to plan transactions around these restrictions.
Operational Impact: Market participants must adjust their SLB trading strategies to account for shut periods. This is particularly relevant for:
- Securities lenders who cannot lend shares during shut periods
- Borrowers who cannot initiate new borrowing transactions
- Trading desks managing SLB portfolios across multiple securities
Investor Impact: Minimal direct impact on regular equity investors. Primary impact is on institutional participants and arbitrageurs using SLB facilities.
Duration: Temporary impact spanning February 4-20, 2026, with different securities affected on different dates.
Impact Justification
Affects SLB trading operations for 28 securities with dividend corporate actions. Important for market participants engaged in securities lending and borrowing activities during specified shut periods.