As many as 12 stocks including State Bank of India (SBI), Indian Energy Exchange (IEX) and others will turn ex-record date tomorrow for their dividends, bonus issues, stock splits and more, effectively making today the last date for investors to buy in order to be eligible for the corporate actions.
Only those shareholders who hold the shares of these companies in their demat accounts as on the record date will be eligible for the corporate actions. Market regulator SEBI’s T+1 settlement rule effectively makes today the last date for interested investors to buy the shares, so that they are credited by tomorrow, ensuring eligibility for the corporate actions.
Dividends
Out of these stocks, eight will turn ex-date for their dividends tomorrow. The most notable among them is SBI. India’s largest lender last week had declared a dividend of Rs 17.35 per equity share (1,735%) for the financial year ended March 31, 2026. The dividend payment is scheduled to be made on June 4.
Anand Rathi Wealth will pay a final dividend of Rs 7 per equity share (140%) while IEX will pay a final dividend of Rs 2 per share (200%) to their respective shareholders. Nuvama Wealth Management meanwhile will pay Rs 14 interim dividend (700%).
Other stocks which have set May 15 as the record date for their dividends include Aptus Value Housing Finance (Rs 2.5 per share), Gopal Snacks (Rs 0.40 per share), HBG Hotels (Rs 0.15 per share) and Kennametal India (Rs 40 per share).
Bonus issues
Biogen Pharmachem Industries has fixed May 15 (Friday) as the record date to determine the eligibility of shareholders for its 1:6 bonus issue. The company had announced in April that it will issue “1 new equity shares of Rs.1 each for every 6 existing equity shares of Rs.1 each fully paid up”.
Dev Labtech Venture meanwhile will go ex-record date tomorrow for its 1:1 bonus issue. As part of the bonus issue, eligible shareholders will get one bonus share for every share held in the company as on the record date.
Stock split
Along with the bonus issue, Dev Labtech Venture has also set tomorrow as the record date for its 1:2 stock split. As part of the stock split, each share of the company will be split into two shares.
Rights issue
Two stocks will turn ex-record date for their rights issue tomorrow. These include Steelco Gujarat (5 shares for every 1 shares held, price at Rs 112) and Onix Solar Energy (8 shares for every 17 shares held, price at Rs 51).
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