To be eligible for these corporate actions, investors must hold the shares in their demat accounts as of the respective record dates. The list is tentative, as more companies may announce record dates for dividends, bonus issues, stock splits and rights issues during the week.
Here is the day-wise list of corporate actions to watch out for this week:
October 12 (Monday)
Smallcap pharma company Jojo has fixed October 12 (Monday) as the record date for its 1:1 bonus issue. This means that eligible shareholders owning one share of the company with a face value of Rs 5 each on BSE will get one bonus share with the same face value following the corporate action.
October 13 (Tuesday)
Ola Electric shares will turn ex-record date for its Rs 1,000 crore rights issue with the issue price being fixed at Rs 27 per share. The electric two-wheeler maker will issue 37.03 crore partly paid-up shares under the offer.The rights issue will open on October 22 and close on October 30. Shareholders can sell or transfer their rights entitlement in the market until October 26. Shareholders will pay Rs 16.20 per share upfront, while the remaining Rs 10.80 will be paid later. The company plans to collect the remaining amount by October 31, 2027, according to exchange filings.
Additionally, GIFT City-based fintech company AvenuesAI will also turn ex-record date for consolidation of 10:1.
October 14 (Wednesday)
Wednesday will account for two high-profile dividend stocks, with the record date being fixed on October 14 (Wednesday). Tata Consultancy Services (TCS) will pay an interim dividend of Rs 12 per share to its eligible shareholders.
The IT major last week declared the dividend, while reporting a 15% year-on-year (YoY) rise in consolidated net profit to Rs 13,884 crore for the second quarter of FY27, compared with Rs 12,075 crore in the year-ago period. Revenue from operations rose 11% YoY to Rs 73,188 crore from Rs 65,799 crore in the corresponding quarter last year. In constant currency terms, revenue increased 0.5% quarter-on-quarter.
Vedanta also has fixed Wednesday as the record date for its first interim dividend worth Rs 5 per share for FY27. This marks its first payout since the stock adjusted for its mega demerger earlier this year. The total dividend payout will stand at Rs 1,955 crore. Vedanta is closely watched by investors for its consistent track record of dividend payments.
Continental Controls has also fixed Wednesday as the record date for its rights issue.
October 15 (Thursday)
Anand Rathi Wealth has fixed October 15 (Thursday) as the record date for its interim dividend of Rs 4 per share. Shivam Autotech and Shraddha Prime Projects will meanwhile turn ex-record date for their respective rights issues.
Oneclick Logistics India will turn ex-record date for its bonus issue in the ratio of 1:2, while Samor Reality will turn ex-record date for its stock split in the ratio of 1:5.
October 16 (Friday)
Canara Robeco Asset Management Company has fixed October 16 (Friday) as the record date for its interim dividend of Rs 2 per share, while Bansal Wire Industries will turn ex-record date for its stock split in the ratio of 1:5.
Noble Polymers also has fixed Friday as the record date for consolidation.
Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.
