This is with reference to NSE & BSE Circulars with reference number NSE/CD/61402 dated 01-Apr-2024, and Notice No.20240401-9 dated 01-Apr-2024 pe…

This is with reference to NSE & BSE Circulars with reference number NSE/CD/61402 dated 01-Apr-2024, and Notice No.20240401-9 dated 01-Apr-2024 pertaining to “Risk Management and Inter-Bank Dealings – Hedging of foreign exchange risk”.

Based on the above circulars, following changes will take place in the Currency Segment:

  • From 03-Apr-2024, no fresh positions will be allowed in the currency segment. However, you can still exit/square off your existing positions.
  • If you wish to continue holding your current position, you need to ensure existence of a valid underlying contracted exposure which has not been hedged using any other derivative contract and should be in a position to establish the same, if required.
  • For any existing position without Contracted Exposure, you are advised to square-off the existing positions by 05-Apr-2024 to avoid any violations under FEMA by you.
  • Please take note of this and trade accordingly.

    Refer: RBI Circular

    As per a recent circular, the name and symbol of Sheetal Diamonds Ltd. (Scrip code: 530525) will be changed as follows w.e.f 03-Apr-24. Existing…

    As per a recent circular, the name and symbol of Sheetal Diamonds Ltd. (Scrip code: 530525) will be changed as follows w.e.f 03-Apr-24.

    Existing Symbol New Symbol Existing Name of the CompanyNew Name of the  Company
    SHEETALRRETAILSheetal Diamonds Ltd.Rajnish Retail Ltd.

    Refer: BSE Circular 

    A dividend is an amount the company pays to its shareholders out of its profits. This regular profit-sharing payment in the form of dividends is a co…

    A dividend is an amount the company pays to its shareholders out of its profits. This regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly. 

    As per a recent circular, Ashok Leyland Ltd. has announced a dividend payment of Rs 4.95. The key dates for the same are as follows:

    Company NameSymbolDividend AmountRecord date
    Ashok Leyland Ltd. ASHOKLEYRs 4.9503-Apr

    1. The above changes shall be effective from the ex-date / effective date 

    2. The revised options strike/futures base prices and the lot size on account of adjustment would appear in decimal places and shall be rounded off to the nearest tick size and the lot size shall be rounded off to the nearest integer.

    3. The details of the revised option strike prices, futures prices, lot size and quantity freeze limit wherever applicable, will be informed to members separately via circular one day prior to the ex-date / effective date.

    Refer: NSE Circular 1 | NSE Circular 2

    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 i…

    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 Dhatre Udyog Ltd. (Scrip Code: 540080) will be sub-divided into 10 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Dhatre Udyog Ltd.DHATRE1:1029-Mar28-Mar

    Refer: BSE Circular

    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 i…

    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 the recent BSE circular, 1 equity share of Persistent Systems Ltd. (Scrip Code: 533179) will be divided into 2 equity shares. The key dates for the split are as follows:

    Company NameRecord dateEx-Split basis from Date 
    Persistent Systems Ltd.01-Apr28-Mar

    Pursuant to the split of equity shares, the market lot size for F&O contracts will be revised as follows:

    Scrip NameCurrent Market Lot size for F&O contractsRevised Market lot size for F&O contracts
    Persistent Systems Ltd.                  100200

    Refer: BSE circular | NSE Circular

    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…

    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.

    HolidayDateType
    Good Friday29-Mar-2024Trading holiday
    Annual Bank Closing01-Apr-2024Settlement holiday
    Gudi Padwa09-Apr-2024Settlement 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:

    SegmentTrade placed onDate of Settlement
    Equity/Derivatives (F&O)28-Mar02-Apr
    Equity/Derivatives (F&O)01-Apr02-Apr
    Equity/Derivatives (F&O)08-Apr10-Apr
    Equity/Derivatives (F&O)09-Apr10-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

    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 i…

    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 NameSymbolSub-division RatioRecord DateEx-split Date
    Lorenzini Apparels LimitedLAL1:1028-Mar28-Mar

    Refer: NSE Circular

    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…

    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 CompanyNew Name of the  Company
    POOJAENTPOOJAENTPooja Entertainment & Films Ltd. Vashu Bhagnani Industries Limited

    Refer: BSE Circular 

    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 S…

    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 CompanyNew Name of the  Company
    SABOOBRARIGATOSaboo Brothers Ltd. Arigato Universe Ltd. 

    Refer: BSE Circular 

    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 i…

    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 NameSymbolSub-division RatioRecord DateEx-split Date
    United Van Der Hor Ltd.UVDRHOR1:226-Mar26-Mar

    Refer: BSE Circular