Investors interested in dividend payouts from Tech Mahindra, HDB Financial Services, IRFC, Oberoi Realty, and several other companies need to be aware that the record date for dividends is October 23, 2026. This means that to be eligible for the dividend payments, shareholders must purchase the stocks by this date due to the T+1 settlement cycle followed by Indian markets.
- Tech Mahindra announced an interim dividend of ₹15 per share for FY 2026-27.
- HDB Financial Services declared an interim dividend of ₹2 per share for FY 2027.
- Other companies like IRFC and Oberoi Realty also have dividend record dates on October 23.
- Azad India Mobility announced a 1:5 stock split.
- Titan Biotech declared a 1:4 bonus issue.
- Hexaware Technologies fixed October 26 as the record date for its second interim dividend.
What is the significance of the October 23 record date?
The record date is the cutoff date set by companies to determine which shareholders are eligible to receive dividends. In India, the stock market follows a T+1 settlement cycle, meaning that the transaction is settled one business day after the trade date. Therefore, to receive the dividend, investors must buy the shares on or before October 23, 2026.
What dividends have been announced by Tech Mahindra and HDB Financial Services?
Tech Mahindra's board of directors has approved an interim dividend of ₹15 per share for the financial year 2026-27. The dividend will be paid by November 13, 2026. HDB Financial Services has declared an interim dividend of ₹2 per share for the financial year 2027.
What other corporate actions are taking place around this time?
Several companies have announced important corporate actions alongside dividends. Azad India Mobility has declared a stock split of 1:5, reducing the face value of shares from ₹10 to ₹2. Titan Biotech has announced a bonus issue of 1:4, giving one bonus share for every four shares held. Hexaware Technologies has set October 26 as the record date for its second interim dividend of ₹9.5 per share for FY 2026.
Which other companies are in focus on October 23?
Besides the major players, companies such as 360 ONE WAM, Artemis Electricals and Projects, Bhansali Engineering Polymers, Garuda Construction and Engineering, ICICI Lombard General Insurance Company, LTM, and Modison are also expected to be in focus on October 23, 2026.
Frequently Asked Questions
Q: What does T+1 settlement cycle mean?
A: T+1 means that the transaction is settled one business day after the trade date. If you buy shares on October 23, the settlement happens on October 24.
Q: Why must shares be bought by the record date to get dividends?
A: Because the company records shareholders eligible for dividends on the record date, and due to the T+1 settlement, buying shares on or before the record date ensures you are registered as a shareholder on that date.
Q: When will Tech Mahindra pay the declared dividend?
A: Tech Mahindra will pay the interim dividend by November 13, 2026.
