Seven companies have set their record date for July 16, 2026, making today (July 15) the final trading session for retail investors to purchase shares and qualify for dividend payments. According to reports from NDTV Profit, this applies to Ador Welding Ltd., B&A Packaging India Ltd., Benares Hotels Ltd., Coromandel International Ltd., Craftsman Automation Ltd., Canara Robeco Asset Management Company Ltd., Weizmann Ltd., and Windlas Biotech Ltd.
The dividend payments range from ₹0.50 to ₹25.00 per share, with Benares Hotels Ltd. offering the highest dividend at ₹25.00 per share. As reported by NDTV Profit, Windlas Biotech Ltd. follows with ₹6.30 per share, while B&A Packaging India Ltd. provides ₹1.00 per share. Craftsman Automation Ltd. offers ₹11.25 per share, and Canara Robeco Asset Management Company Ltd. provides ₹2.50 per share.
Given India's T+1 settlement cycle, shares purchased on the record date (July 16) will not be eligible for dividend payment. According to NDTV Profit, investors who own shares by July 15 will be the beneficiaries of these dividend distributions. The record date determines eligible shareholders who will receive the dividend payment, while the ex-dividend date marks when the share price adjusts to reflect the upcoming payout.
Dividends are taxable in shareholders' hands, and companies are no longer required to pay Dividend Distribution Tax (DDT). As reported by NDTV Profit, TDS on dividend income for resident individuals is 10% if the dividend amount exceeds ₹5,000 in a financial year. Dividends represent a portion of company profits distributed to shareholders as a return on equity investment.
