Description

BSE announces foreclosure dates and shut periods for 22 securities undergoing dividend corporate actions with record dates between February 11-18, 2026.

Summary

BSE has announced the foreclosure dates and shut periods for Securities Lending and Borrowing (SLB) transactions involving 22 securities undergoing dividend corporate actions. The shut periods range from February 10-18, 2026, corresponding to record dates between February 11-18, 2026. During these shut periods, SLB participants will not be able to borrow or lend the affected securities.

Key Points

  • 22 securities are affected by dividend corporate actions
  • Shut periods implemented to facilitate smooth corporate action processing
  • Ex-dates and record dates align for all securities
  • Shut periods are one day prior to and including the record date
  • SLB market participants must close or adjust positions before foreclosure dates

Affected Securities and Dates

February 11-12, 2026

  • Page Industries Ltd. - Shut Period: Feb 10-11, Record Date: Feb 11

February 11-12, 2026

  • Procter & Gamble Health Limited - Shut Period: Feb 11-12, Record Date: Feb 12
  • Goldiam International Ltd. - Shut Period: Feb 11-12, Record Date: Feb 12
  • Sun TV Network Limited - Shut Period: Feb 11-12, Record Date: Feb 12
  • Star Cement Limited - Shut Period: Feb 11-12, Record Date: Feb 12
  • Gateway Distriparks Limited - Shut Period: Feb 11-12, Record Date: Feb 12

February 12-13, 2026

  • BEML Ltd - Shut Period: Feb 12-13, Record Date: Feb 13
  • M.R.F. Ltd. - Shut Period: Feb 12-13, Record Date: Feb 13
  • Dynamatic Technologies Ltd. - Shut Period: Feb 12-13, Record Date: Feb 13
  • HBL Engineering Limited - Shut Period: Feb 12-13, Record Date: Feb 13
  • NRB Bearings Ltd. - Shut Period: Feb 12-13, Record Date: Feb 13
  • Sonata Software Ltd. - Shut Period: Feb 12-13, Record Date: Feb 13
  • Suprajit Engineering Ltd. - Shut Period: Feb 12-13, Record Date: Feb 13
  • K.P.R. Mill Ltd. - Shut Period: Feb 12-13, Record Date: Feb 13
  • Gulf Oil Lubricants India Limited - Shut Period: Feb 12-13, Record Date: Feb 13
  • S H Kelkar and Company Limited - Shut Period: Feb 12-13, Record Date: Feb 13
  • Mahanagar Gas Limited - Shut Period: Feb 12-13, Record Date: Feb 13
  • BLS International Services Ltd - Shut Period: Feb 12-13, Record Date: Feb 13

February 13-16, 2026

  • Aarti Pharmalabs Limited - Shut Period: Feb 13-16, Record Date: Feb 16

February 16-17, 2026

  • Shipping Corporation Of India Ltd - Shut Period: Feb 16-17, Record Date: Feb 17
  • International Gemmological Institute India Limited - Shut Period: Feb 16-17, Record Date: Feb 17

February 17-18, 2026

  • Oil And Natural Gas Corporation Ltd - Shut Period: Feb 17-18, Record Date: Feb 18

Compliance Requirements

  • SLB participants must ensure positions are squared off or adjusted before the foreclosure dates
  • No new SLB transactions can be initiated in these securities during the shut period
  • Existing open positions must be settled before the shut period begins
  • Market participants should plan their SLB strategies accounting for these restrictions

Important Dates

  • First Shut Period Start: February 10, 2026 (Page Industries)
  • Last Shut Period End: February 18, 2026 (ONGC)
  • Peak Period: February 12-13, 2026 (13 securities affected)

Impact Assessment

This circular has moderate impact on the SLB market segment. The shut periods prevent lending and borrowing activities for these securities during critical dividend-related dates, which may:

  • Temporarily reduce liquidity in the SLB market for affected securities
  • Require SLB participants to plan position management in advance
  • Prevent potential settlement failures related to corporate actions
  • Ensure dividend entitlements are correctly allocated to rightful holders
  • Affect short-selling strategies that rely on SLB mechanisms

The inclusion of large-cap stocks like ONGC, MRF, and Sun TV may have more significant market impact compared to smaller securities on the list.

Impact Justification

Affects SLB trading in 22 securities with dividend corporate actions. Important for SLB participants to note shut periods to avoid settlement issues.