Tata Elxsi Dividend: Last Day To Buy Shares To Qualify — Details Here

Shares of Tata Elxsi Ltd. will be of interest on Tuesday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex-record date.

The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.

Tata Elxsi's board announced a final dividend of Rs 75 per share for financial year 2025, the highest dividend ever to be given by the company. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 11. The total value of the dividend to be disbursed amounts to around Rs 467 crore.

The dividend will be paid on or after the seventh day from the conclusion of the 36th annual general meeting. However, this is subject to the approval of the shareholders of the company, the regulatory disclosure added.

Given India's T+1 settlement cycle, shares purchased on the record date (June 11 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 10 will be the beneficiaries.

In comparison, the company had issued a final dividend of Rs 70 in the last financial year and a dividend of Rs 60.60.

Tata Elxsi's consolidated net profit dropped 13% sequentially to Rs 172 crore in the fourth quarter of the last financial year.

For the quarter under review, the technology services provider's revenue fell 3.3% quarter-on-quarter to Rs 908 crore. Earnings before interest and taxes declined 17% to Rs 183 crore, according to an exchange filing on Thursday.

Its EBIT margin contracted to 20.1% in the quarter ended March in comparison to 23.5% in the previous quarter.