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What is book closure date?

The ex-date and the record date for all the corporate actions are on the same day since 27th January 2023, since all the instruments are moved to the T+1 settlement cycle. To learn more, see What does settlement cycle mean?

The book closure date is the date on which a shareholder must hold the stock in their demat account to be eligible for corporate action benefits such as bonus shares, splits, and dividends. During the book closure period, RTAs don't handle adjustments to the shareholder's register or requests to transfer shares.

Did you know? The record date and book closure date are the same in their cut-off requirement for eligibility for corporate action benefits. During the book closure date, RTAs don’t process requests to transfer shares, but this restriction doesn’t apply to record dates.