Four Firms Set October 26 Record Date for Dividends and Stock Splits

Shares of four companies will stay in focus as they set Monday, October 26, as the record date for corporate actions including dividends and stock splits.

Hexaware and Midaas

Hexaware Technologies fixed October 26 as the record date for an interim dividend of nine rupees and fifty paisa per share, with a face value of one rupee each. The tech firm closed slightly lower at five hundred ninety rupees and seventy paisa on the BSE on Friday. Midaas Fashions set the same record date for a stock split, dividing its shares from ten rupees to five rupees each. Midaas shares closed slightly higher at one hundred eighty-five rupees on the BSE on Friday.

Ashapura and Talwalkars

Ashapura Intimates Fashion set October 26 as the record date for a capital reduction ordered by the National Company Law Tribunal. Ashapura shares closed at one rupee and thirty-five paisa on the BSE on Friday, October 23. Talwalkars Better Value Fitness also set Monday as its record date for a resolution plan, after its stock closed lower at one rupee and forty-five paisa on the BSE on Friday.

Context

A record date is the cutoff point set by a company to decide which shareholders are eligible to receive benefits like dividends, stock splits, or corporate restructuring plans. Investors must own the shares on or before this date to qualify for the announced corporate action.