Description

BSE circular announcing corporate actions for 21 companies including dividend declarations, HDFC Bank bonus issue, and India Glycols stock split for July-August 2025.

Summary

BSE has announced corporate actions for 21 companies scheduled between July 31 and August 27, 2025. The actions include 18 dividend declarations, 1 bonus issue by HDFC Bank, and 1 stock split by India Glycols. All actions have specified record dates, ex-dates, and shut periods for trading operations.

Key Points

  • 18 companies declaring dividends with record dates from July 31 to August 27, 2025
  • HDFC Bank announcing bonus issue with record date August 27, 2025 and ex-date August 26, 2025
  • India Glycols implementing stock split with record date August 12, 2025
  • All corporate actions include shut periods ranging from 1-4 days
  • Ex-dates generally coincide with record dates except for HDFC Bank bonus issue and MAS Financial dividend

Regulatory Changes

No new regulatory changes announced. This is a standard corporate actions notification following existing BSE procedures for dividend payments, bonus issues, and stock splits.

Compliance Requirements

  • Companies must ensure proper record maintenance during shut periods
  • Trading members must adjust positions for ex-date considerations
  • Investors must hold shares before ex-date to be eligible for corporate actions
  • Settlement processes must account for foreclosure dates where applicable

Important Dates

  • July 31, 2025: Record date for COFORGE, TTK Prestige, Balkrishna Industries dividends
  • August 1, 2025: Record date for Premier Energies, Bharat Heavy Electricals, REC Limited, LT Foods dividends
  • August 12, 2025: Record date for India Glycols stock split
  • August 26, 2025: Ex-date for HDFC Bank bonus issue
  • August 27, 2025: Record date for HDFC Bank bonus issue and MAS Financial dividend

Impact Assessment

Market Impact: Medium to high impact expected, particularly from HDFC Bank bonus issue which will affect one of India’s largest private banks. Multiple dividend declarations will provide positive sentiment across various sectors including banking, chemicals, defense, and energy. Stock split by India Glycols will improve liquidity and accessibility for retail investors. Trading volumes may increase around ex-dates as investors adjust positions.

Impact Justification

Multiple corporate actions affecting various stocks with significant market impact, especially HDFC Bank bonus issue