** Corporate Actions Watch: Key Events for March 23, 2026

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As the trading week commences on March 23, 2026, the Indian equity market is witnessing a significant number of corporate actions ranging from high-value dividend payouts to crucial board decisions on fundraising. Market participants are advised to track these developments as they often lead to price adjustments and shifts in liquidity.

Corporate Actions Today (March 23, 2026)

Today marks the ex-date and record date for several major dividend-paying stocks and a notable rights issue. Investors must have held these shares prior to today to be eligible for the following benefits:

• Castrol India Limited: The company has declared a final dividend of ₹5.25 per equity share.
• Power Finance Corporation (PFC) Limited: Shareholders will receive an interim dividend of ₹3.25 per equity share.
• India Glycols Limited: The stock turns ex-dividend today for an interim dividend of ₹7.50 per share.
• TIL Limited: Today is the ex-date for its rights issue in the ratio of 11:64 at a premium of ₹155 per share.

In addition to these ex-date events, several companies have scheduled board meetings today to deliberate on strategic corporate actions:

• Vedanta Limited: The board is meeting to consider and approve an interim dividend for the current financial year.
• Aptus Pharma Ltd: A key meeting is scheduled to consider a potential bonus issue and an increase in authorized share capital.
• Gujarat Cotex Ltd: The board will discuss a proposed rights issue of equity shares.
• SEPC Ltd: Directors are meeting to consider the acquisition of Avenir International Engineers and Consultants LLC.
• Bheema Cements Limited: The board will meet to approve notices for three pending Annual General Meetings (AGMs).
• HUDCO & Nibe Ordnance and Maritime Ltd: Both companies have board meetings today to discuss various fund-raising proposals, including preferential issues.

Upcoming Corporate Actions (March 24, 2026)

Looking ahead to tomorrow, the focus shifts toward bonus issues and special shareholder meetings.

• Kilitch Drugs (India) Limited: The stock will trade ex-bonus tomorrow for its 1:1 bonus issue.
• Times Green Energy: Shareholders are eligible for a 1:1 bonus issue, with the ex-date set for March 24.
• Tembo Global Industries Limited: The company has convened an Extraordinary General Meeting (EGM) to seek shareholder approval for increasing investment limits and raising fresh capital.
• Government of India (601GS2028): A scheduled interest payment for this government security will take place.

Investors should note that for bonus issues and stock splits, the share price typically adjusts downward in proportion to the ratio on the ex-date to reflect the increased number of shares in the market.

TAGS: Corporate Actions, Dividends, Stock Split, Bonus Issue, Rights Issue, AGM

Tags: ** Corporate Actions Dividends Stock Split Bonus Issue Rights Issue AGM