Three companies have set February 24, 2026 as the ex-date for their respective corporate actions, according to reports from ET Now. AK Capital Services Ltd has declared an interim dividend of ₹22 per equity share, while Hilton Metal Forging Ltd and Padam Cotton Yarns Ltd have both fixed the same date for their respective rights issues. All three companies have set the ex-date and record date as February 24, 2026, meaning shareholders must be on record as of this date to be eligible for these corporate benefits.
As reported by ET Now, AK Capital Services Ltd has declared an interim dividend of ₹22 per equity share, with both the ex-date and record date fixed as February 24, 2026. Shareholders on the register as of the record date will be eligible to receive the dividend payout. A dividend represents a portion of a company's profits distributed to shareholders as a reward for their investment, usually paid in cash or additional shares.
According to ET Now, Hilton Metal Forging Ltd and Padam Cotton Yarns Ltd have both designated February 24, 2026 as the ex-date and record date for their respective rights issues of equity shares. Eligible shareholders will be entitled to subscribe to additional shares in proportion to their holdings. A rights issue is a corporate action that allows existing shareholders to purchase additional shares, usually at a discounted price, in proportion to their current holdings.
As explained by ET Now, an ex-date is the date from which a stock begins trading without the entitlement to a declared dividend, bonus, or rights issue. Investors must purchase the shares before the ex-date to be eligible for the announced corporate benefit. The ex-date serves as the cutoff date for determining shareholder eligibility for these corporate actions, ensuring fair distribution to those who hold shares on the record date.
