Settlement & Trading holidays for 29-Mar, 01-Apr & 09-Apr
29-Mar is a trading holiday on account of Good Friday. Also, 01-Apr and 09-Apr will be Settlement holidays on account of Annual Bank Closing and Gudi Padwa respectively.
Holiday | Date | Type |
Good Friday | 29-Mar-2024 | Trading holiday |
Annual Bank Closing | 01-Apr-2024 | Settlement holiday |
Gudi Padwa | 09-Apr-2024 | Settlement holiday |
What this means for you:
You can place your Trades as usual. However, the settlement of funds/securities will be processed as detailed in the table below:
Segment | Trade placed on | Date of Settlement |
Equity/Derivatives (F&O) | 28-Mar | 02-Apr |
Equity/Derivatives (F&O) | 01-Apr | 02-Apr |
Equity/Derivatives (F&O) | 08-Apr | 10-Apr |
Equity/Derivatives (F&O) | 09-Apr | 10-Apr |
Note: Stock purchased on 28-Mar-2024 will not be allowed to be sold on 01-Apr-2024 and stock purchased on 08-Apr-2024 will not be allowed to be sold on 09-Apr-2024.
Just so you know: Settlement holidays refer to days when markets are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on the next settlement cycle, as per the respective segments.
Refer: NSE Circular 1 | NSE Circular 2
Sub-division of equity shares of Lorenzini Apparels Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent NSE circular, 1 equity share of Lorenzini Apparels Limited (Scrip Code: 540952) will be sub-divided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Lorenzini Apparels Limited | LAL | 1:10 | 28-Mar | 28-Mar |
Refer: NSE Circular
W.e.f 27-Mar: New Identity for Pooja Entertainment & Films Ltd.
As per a recent circular, the name and symbol of Pooja Entertainment & Films Ltd. (Scrip code: 532011) will be changed as follows w.e.f 27-Mar-24.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
POOJAENT | POOJAENT | Pooja Entertainment & Films Ltd. | Vashu Bhagnani Industries Limited |
Refer: BSE Circular
W.e.f 28-Mar: New Identity for Saboo Brothers Ltd.
As per a recent circular, the name and symbol of Saboo Brothers Ltd. (Scrip code: 530267) will be changed as follows w.e.f 28-Mar-24.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
SABOOBR | ARIGATO | Saboo Brothers Ltd. | Arigato Universe Ltd. |
Refer: BSE Circular
Sub-division of equity shares of United Van Der Hor Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent BSE circular, 1 equity share of United Van Der Hor Ltd. (Scrip Code: 522091) will be sub-divided into 2 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
United Van Der Hor Ltd. | UVDRHOR | 1:2 | 26-Mar | 26-Mar |
Refer: BSE Circular
W.e.f 22-Mar: New Identity for Ashok Alco-Chem Ltd.
Per a recent circular, the name and symbol of Ashok Alco-Chem Ltd. (Scrip code: 524594) will be changed as follows w.e.f 22-Mar-24.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
ASHOKALC | AEONXDIGI | Ashok Alco-Chem Ltd. | Aeonx Digital Technology Ltd. |
Refer: BSE Circular
W.e.f 22-Mar: New Identity for Himachal Fibres Ltd.
As per a recent circular, the name and symbol of Himachal Fibres Ltd. (Scrip code: 514010) will be changed as follows w.e.f 22-Mar-24.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
HIMFIBP | RUDRAECO | Himachal Fibres Ltd. | Rudra Ecovation Ltd. |
Refer: BSE Circular
Sub-division of equity shares of Refex Industries Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent BSE circular, 1 equity share of Refex Industries Ltd. (Scrip Code: 532884) will be sub-divided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Refex Industries Ltd. | REFEX | 1:5 | 22-Mar | 22-Mar |
Refer: BSE Circular | NSE Circular
Preponement of F&O Open Positions physical delivery margins schedule because of Holi (Mar-24)
As per the exchange guidelines, the margin required for all the existing F&O Open Positions will start increasing four days before the expiry date (i.e., the last Thursday of every month) in a staggered manner.
However, due to the trading holiday on 25-Mar-24, i.e., Monday, on the occasion of Holi, the F&O Open Positions margin schedule has been preponed.
Take a look at the revised margin schedule below.
Date | Day | Margin Applicable |
21-Mar-24 | Thursday | 10% of the delivery margin computed |
22-Mar-24 | Friday | 25% of the delivery margin computed |
26-Mar-24 | Tuesday | 45% of the delivery margin computed |
27-Mar-24 | Wednesday | 75% of the delivery margin computed |
28-Mar-24 | Thursday | 100% of the delivery margin computed |
Bonus Issue of Advani Hotels & Resorts Ltd.
Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Advani Hotels & Resorts Ltd. (Scrip Code: 523269) is issuing 1 bonus share for every 1 existing share. The key dates for the bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Advani Hotels & Resorts Ltd. | ADVANIHOTR | 20-Mar | 20-Mar |
Refer: BSE Circular