This week, investors should watch for important corporate actions from major companies like TCS, Vedanta, and Bansal Wire Industries. These include interim dividend payments, a rights issue, and a stock split, all with specific record dates in October 2026. Understanding these events helps shareholders know when they must hold shares to receive benefits.
- TCS declared a second interim dividend of ₹12 per share with a record date of October 14, 2026.
- Vedanta approved an interim dividend of ₹5 per share and a rights issue priced at ₹27 per share.
- Bansal Wire Industries plans a stock split from ₹5 face value shares to ₹1 face value shares.
What dividends are TCS and Vedanta paying this week?
Tata Consultancy Services (TCS), India's largest IT services firm, announced its second interim dividend for the fiscal year 2027. The dividend is ₹12 per equity share with a face value of ₹1 each. The board set the record date as Wednesday, October 14, 2026. Shareholders on this date will receive the dividend, which will be paid on Friday, October 30, 2026.
Vedanta's board approved an interim dividend of ₹5 per equity share, also with a face value of ₹1. This payout amounts to nearly ₹1,955 crore. Vedanta set the same record date, October 14, 2026, for its dividend. Shareholders holding shares on this date will be eligible for the dividend payment.
What are the recent financial results for TCS?
TCS reported strong financial results for the second quarter of fiscal year 2027 (Q2 FY27). The consolidated net profit rose 14.98% year-on-year to ₹13,884 crore, compared to ₹12,075 crore in the same quarter last year. Sequentially, the profit increased by 4.01% quarter-on-quarter.
The company's consolidated revenue from operations also grew by 11.23% year-on-year to ₹73,118 crore, up from ₹65,799 crore in Q2 FY26. Compared to the previous quarter, revenue increased by 1.26%.
What is Vedanta's upcoming rights issue?
Vedanta has approved a rights issue of 37.03 crore partly paid-up equity shares, aiming to raise approximately ₹999.74 crore. The issue price is ₹27 per share, which includes a premium of ₹17 per share.
The record date for determining shareholders eligible for the rights entitlement is October 13, 2026. The rights issue will open on October 22 and close on October 30, 2026. Shareholders can renounce their rights on the market until October 26, 2026.
The rights entitlement ratio is set at 2 rights equity shares for every 25 fully paid-up equity shares held by eligible shareholders on the record date.
What stock split is Bansal Wire Industries planning?
In August 2026, Bansal Wire Industries' board approved a stock split, subject to shareholder approval. The plan is to subdivide one existing equity share with a face value of ₹5 into five equity shares with a face value of ₹1 each.
The company fixed October 16, 2026, as the record date to determine shareholders eligible for the stock split.
Why are record dates important for shareholders?
Record dates determine which shareholders are eligible to receive dividends, participate in rights issues, or benefit from stock splits. Investors must hold shares before or on the record date to qualify for these corporate actions. Missing the record date means missing out on the associated benefits.
