Corporate Actions This Week: Mazagon Dock Stock Split, NMDC Bonus Issue And More
Religare Enterprises and BF Utilities will be hosting their Annual General Meetings this week.
This week — from Monday, Dec. 23 to Friday, Dec. 27 — will see record date for corporate actions, including dividend payouts, bonus share issues, stock splits, and annual general meetings.
Investors and stakeholders should keep an eye on these events, as they may have an impact on shareholder value and market sentiment. Here’s a detailed overview of the major corporate actions scheduled for the week.
Mazagon Dock Shipbuilders – Stock Split
Mazagon Dock Shipbuilders Ltd. has set Friday, Dec. 27, as the record date for its stock split. Each equity share with a face value of Rs 10 will be subdivided into two equity shares with a face value of Rs 5 each, fully paid-up.
NMDC – 2:1 Bonus Issue
Friday, Dec. 27, is the record date for NMDC Ltd.’s bonus share issue. Shareholders will receive two fully paid-up bonus equity shares with a face value of Rs 1 each for every one existing equity share held.
Vedanta – Interim Dividend
Tuesday marks both the ex-date and record date for Vedanta Ltd. shares, making Monday the final day for investors to have purchased shares to qualify for the fourth interim dividend payout. The company announced a dividend of Rs 8.50 per equity share with a face value of Rs 1, totalling Rs 3,324 crore.
This payout follows three prior dividends in fiscal 2025—Rs 20 per share in Sept., Rs 4 per share in Aug., and Rs 11 per share in May—bringing the total dividend disbursement this fiscal year to Rs 13,686 crore.
Religare Enterprises – AGM
The cut-off date for determining shareholder eligibility for remote e-voting and attendance at Religare Enterprises’ AGM is Tuesday, Dec. 24. Shareholders will vote on adopting audited financial statements for fiscal year 2024, reappointing Dr Rashmi Saluja as a director, and appointing statutory auditors with fixed remuneration.
BF Utilities – AGM
BF Utilities will hold its AGM on Tuesday, Dec. 24. Shareholders will vote on adopting audited standalone and consolidated financial statements for fiscal year 2024 and reappointing AB Kalyani as a director. Additionally, they will consider a special resolution for approval of a related party transaction with Bharat Forge Ltd., valued at up to Rs 50 crore for fiscal 2025-26.
The company will also address a compliance issue arising from delayed financial results submissions by its subsidiaries, Nandi Infrastructure Corridor Enterprise Ltd., Nandi Economic Corridor Enterprises Ltd.
