🇮🇳 India Daybook: Reliance AGM in Focus; HDFC Bank & Tata Motors Go Ex-Dividend

📍 AGM

• Reliance Industries: The company’s 49th AGM is scheduled for 2:00 PM IST today. Key watchpoints include a concrete timeline for the Jio Platforms IPO (potentially the largest in Indian history at $4 billion), a $110 billion capital expenditure plan for AI infrastructure and data centers over seven years, and commissioning updates for the Jamnagar Green Energy Giga Complex.

📍 DIVIDEND

• HDFC Bank: Trades ex-dividend today for its final dividend of ₹13 per share. This brings the total dividend for FY26 to ₹15.50 per share.
• Tata Motors Passenger Vehicles (TMPV): Shares go ex-dividend today for a final dividend of ₹3 per share.
• Polycab India: In focus as the stock turns ex-dividend for a significant payout of ₹47 per share.
• IndiaMART InterMESH: Investors will track the stock as it goes ex-dividend for a combined special and final dividend of ₹60 per share.
• Sanofi Consumer Healthcare: Record date for its final dividend of ₹75 per share.
• Others: Tata Communications (₹17.50), Torrent Power (₹5), and HDFC Life (₹2.10) also trade ex-dividend today.

📍 ORDER WIN

• Larsen & Toubro (L&T): The hydrocarbon vertical has secured a "significant" EPC order (valued between ₹1,000–2,500 crore) from Bharat Coal Gasification and Chemicals (BCGCL) for a coal-to-ammonium-nitrate project in Odisha. The company’s consolidated order book remains at a record high of ₹7.4 lakh crore.
• Kirloskar Ferrous: Announced the receipt of a fresh export order, though the specific financial details were not disclosed in the preliminary filing.

📍 STRATEGIC PLAN

• Nykaa: During its FY30 Investor Day, the company unveiled a roadmap to become a $5 billion+ beauty and lifestyle giant by 2030. The plan targets 2-3x revenue growth and 4-5x EBITDA growth, driven by expansion in its fashion and B2B distribution segments.
• Infosys: Announced a long-term collaboration with Finnish technology leader Valmet to modernize IT operations using the AI-first "Infosys Topaz" and "Infosys Cobalt" platforms.

📍 PRICE HIKE

• Tata Motors: The automaker has announced a price increase of up to 2.5% across its entire commercial vehicle portfolio, effective July 1, 2026, to mitigate the impact of rising commodity prices and input costs.

📍 STOCK SPLIT

• Deepak Builders & Engineers India: The stock trades ex-split today following the board's decision to subdivide equity shares from a face value of ₹10 each into ten equity shares of face value ₹1 each.

📍 REGULATORY

• HDFC Bank: The Reserve Bank of India (RBI) has approved a three-month extension for Keki Mistry as the interim part-time Chairman, effective until September 18, 2026, as the bank continues its search for a permanent successor.

📍 CORPORATE ACTION

• Brigade Enterprises: The company is set to appeal a regulatory decision after environmental clearance for its 'Brigade Morgan Heights' project in Chennai was revoked.
• Share India Securities: The board has approved the issuance of Non-Convertible Debentures (NCDs) worth ₹50 crore to bolster its capital base.
• TruAlt Bioenergy: Received approval for financial assistance of ₹150 crore for its sustainable aviation fuel (SAF) project, highlighting the sector's pivot toward green energy.

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