TCS, Kitex & More to Ex-Trade Next Week! Stock Splits, Bonus Issues, and Dividends You Can't Miss!

The upcoming week on the Bombay Stock Exchange (BSE) is set to feature several corporate actions, including stock splits, bonus issues, and dividend declarations, which are expected to reward shareholders and enhance market liquidity. Here's a detailed overview of these developments:

Stock Splits:

• Shardul Securities Ltd: The company will undergo a stock split, reducing its face value from Rs. 10 to Rs. 2 per share. The ex-date for this split is Monday, January 13, 2025. On Friday the shares of Shardul Securities ended at Rs. 423.25, down by 1.99%.
• Arunjyoti Bio Ventures Ltd: Arunjyoti Bio Ventures in the FMCG and beverage sector will implement a stock split, reducing the face value of each share from Rs. 10 to Rs. 1. This will take effect with a record date of January 17, 2025, as per the company's filing on January 6, 2025.
• Jai Balaji Industries Ltd: Similar to Arunjyoti Bio Ventures, Jai Balaji Industries has announced a stock split in a 1:5 ratio, where each 10 shares will be subdivided into 5 shares of Rs. 2 each. The record date for this split is January 17, 2025.

Bonus Issues:

• Kitex Garments Ltd: The manufacturer and exporter of children's and infant clothing has announced the issuance of a bonus share in a 2:1 ratio, which means shareholders will receive two new fully paid equity shares for every existing share they hold. The record date for the same is set to Friday, January 17, 2025.
• Sattva Sukun Lifecare Ltd.: The company issued bonus shares in the ratio of 3:5, which is three new fully paid-up equity shares of Re. 1/- each for every five existing fully paid-up equity shares of Re. 1/- each held by the company's shareholders. The shares will ex-trade on January 17th.

Dividends:

• Tata Consultancy Services (TCS): TCS has announced a dividend of Rs. 76 per share, comprising a Rs. 10 interim dividend and a Rs. 66 special dividend. The ex-date for this dividend is Friday, January 17, 2025. Shareholders must hold the stock before this date to be eligible for the dividend. TCS shares on Friday, Jan 10, ended at Rs. 4265 with 5.6% gains.
• Vantage Knowledge Academy Ltd: The company has declared an interim dividend of Rs. 0.10 per share. The record date for this dividend is Friday, January 17, 2025. Investors should ensure they hold the stock before this date to receive the dividend.
• CESC Ltd: An interim dividend of Rs. 4.50 per share of Calcutta Electric Supply Corporation is scheduled, with the ex-date on Thursday, January 16, 2025. Shareholders of this Indian electric utility company must hold the stock before this date to qualify for the dividend.
• PCBL Ltd: Phillips Carbon Black Limited or PCBL will distribute an interim dividend of Rs. 5.50 per share, with the ex-date on Thursday, January 16, 2025. Investors should hold the stock before this date to be eligible for the dividend.