At least 24 companies have established record dates between October 26 and October 30 for various corporate actions, according to latest market reports. The upcoming week will see multiple dividend distributions, stock splits, rights issues, buybacks, and resolution plan suspensions across different sectors. Companies including Hexaware Technologies, L&T Technology Services, Shriram Finance, Crisil Limited, Cyient Limited, Chennai Petroleum Corporation, and RailTel Corporation of India are among those setting record dates for these corporate actions. To be eligible for these corporate actions, investors must hold the shares in their demat accounts as of the respective record dates, with the list being tentative as more companies may announce record dates during the week.
Chennai Petroleum Corporation leads the week with the highest specified dividend of ₹25 per share on October 30, followed by L&T Technology Services offering ₹20 per share on October 27. Crisil Limited carries the highest payout at ₹17 per share with a October 29 record date. Cyient Limited and Nippon Life India Asset Management have set October 28 as their record dates for dividends of ₹12 and ₹9.50 per share, respectively. Shriram Finance has fixed October 29 for an interim dividend of ₹6.5 per share, while Ksolves India Limited offers ₹1 per share on the same day. Ador Welding Ltd. provides ₹7.50 per share on October 30, Steel Strips Wheels Ltd. offers ₹1.50 per share, Amwill Health Care gives ₹0.50 per share, Hypersoft Technologies provides ₹0.25 per share, and Sagility offers ₹0.15 per share on the same day.
Midas Fashions Limited will turn ex-record date for a stock split in the ratio of 1:2 on October 26, meaning every share with a face value of ₹10 will split into two shares with a face value of ₹5 each. Chandni Machines has fixed October 30 for a stock split in the ratio of 1:10, where each share with a face value of ₹10 will split into 10 shares with a face value of ₹1 each. Magnus Steel and Infra Ltd has fixed October 27 as the record date for rights issue eligibility, while Interactive Financial Services Ltd has set October 30 for rights issue eligibility determination. Urban Enviro Waste Management has fixed October 28 for its rights issue in the ratio of 1:1. These actions will affect shareholders' rights and stock ownership calculations based on the record date timing.
Talwalkars Better Value Fitness and Ashapura Intimates Fashion have fixed October 26 as the record date for Resolution Plan Suspension. According to market reports, this suspension affects the company's ongoing resolution process and may impact shareholder rights during this period. The timing of these corporate actions across multiple companies suggests a concentrated week of corporate activity in the Indian stock market.
