Several companies are trading ex-corporate action this week, with SBI Cards and Payment Services Ltd, Indian Oil Corporation Ltd, Sun TV Network Ltd, Cupid Ltd, and Frontier Springs Ltd among those going ex-date. According to News18, these corporate actions include multiple dividend distributions, bonus issues, and stock splits scheduled throughout the week. The ex-date mechanism ensures fair distribution of corporate actions among existing shareholders, with investors who purchase shares before the ex-date being eligible for benefits while buyers on or after the date are not entitled to receive the corporate action benefits.
SBI Cards and Payment Services Ltd has announced an interim dividend of ₹2.50 per share with ex-date on March 11, 2026. Indian Oil Corporation Ltd has declared an interim dividend of ₹2 per share with ex-date on March 12, 2026. Sun TV Network Ltd has announced an interim dividend of ₹1.25 per share with ex-date on March 12, 2026. Axtel Industries Ltd maintains its ₹12 interim dividend with ex-date on March 9, 2026. Balmer Lawrie & Company Ltd has declared an interim dividend of ₹4.25 per share with ex-date on March 11, 2026. Mangalore Refinery and Petrochemicals Ltd has announced an interim dividend of ₹4 per share with ex-date on March 11, 2026. R Systems International Ltd has declared an interim dividend of ₹6 per share with ex-date on March 12, 2026. Indian Railway Finance Corporation Ltd will also trade ex-date for its interim dividend on March 13, 2026. Later this month, DIC India Ltd and Castrol India Ltd will also trade ex-date for their final dividends.
Cupid Ltd has declared a 4:1 bonus issue with ex-date on March 9, 2026. Macfos Ltd has announced a 1:10 bonus issue with ex-date on March 10, 2026. Frontier Springs Ltd has declared a 2:1 bonus issue with ex-date on March 13, 2026. Under bonus issue mechanisms, shareholders receive additional shares free of cost in proportion to their holdings. These corporate actions increase liquidity and broaden ownership without requiring investors to invest additional capital, making shares more accessible to existing shareholders.
TANFAC Industries Ltd has announced a stock split from ₹10 to ₹5 per share face value, with ex-date on March 9, 2026. Hindusthan Urban Infrastructure Ltd has declared a stock split from ₹10 to ₹2 face value, with ex-date on March 13, 2026. Stock splits typically reduce the per-share price while keeping the total investment value unchanged. This corporate action often improves affordability and trading liquidity for investors in the market, making the stock more accessible to retail investors.
The ex-date represents the date when a stock begins trading without the benefit of a declared corporate action such as a dividend, bonus issue, or stock split for new buyers. According to News18, investors who purchased shares before the ex-date are eligible for these benefits, while buyers on or after this date are not entitled to receive the corporate action benefits. This mechanism ensures fair distribution of corporate actions among existing shareholders. The T-1 system in India requires investors to own shares before the ex-date to qualify for these corporate actions, making it crucial for investors to plan their purchases accordingly.
