HDB, IRFC Set Record Dates for Interim Dividends; Multiple Corporate Actions Planned
HDB Financial Services Ltd has fixed 23 October as the record date for an interim dividend of ₹2 per equity share for the financial year 2026‑27. Indian Railway Finance Corporation (IRFC) has also set 23 October as the record date for determining the members entitled to receive an interim dividend of ₹1.15 per share of ₹10 each for FY27. Both companies will announce the dividends on the same day, creating a concentrated dividend calendar for investors.
The week will see a range of corporate actions across sectors, with mutual fund manager ICICI Prudential Asset Management Company, stockbroker Angel One, leading NBFC HDB Financial Services, Indian Railways’ financial arm IRFC and real estate developer Oberoi Realty in focus. Technology consulting and digital solutions provider Tech Mahindra, IT services firm LTM, general insurer ICICI Lombard General Insurance Company, construction engineering firm Garuda Construction and Engineering, oil and gas company Mangalore Refinery and Petrochemicals, music label and entertainment company Tips Music, transportation and logistic solution provider VRL Logistics and electric bus maker Azad India Mobility will also be highlighted for their upcoming dividends, splits or buybacks.
The corporate actions table lists 23 October as the record date for several interim dividends and stock splits: Jattashankar Industries Ltd will split from ₹10 to ₹1 on 19 October; Elecon Engineering Company Ltd will pay ₹0.50 on 21 October; ICICI Prudential Asset Management Company Ltd will pay ₹30 on 21 October; Mangalore Refinery and Petrochemicals Ltd will pay ₹3 on 21 October; Angel One Ltd will pay ₹1.40 on 22 October; JSW Dulux Ltd will split from ₹10 to ₹1 on 22 October; Tips Music Ltd will pay ₹6.50 on 22 October; VRL Logistics Ltd will conduct a buyback on 22 October; 360 ONE WAM Ltd will pay ₹7.50 on 23 October; Artemis Electricals and Projects Ltd will pay ₹0.006 on 23 October; Azad India Mobility Ltd will split from ₹10 to ₹2 on 23 October; Garuda Construction and Engineering Ltd will pay ₹0.03 on 23 October; HDB Financial Services Ltd will pay ₹2 on 23 October; ICICI Lombard General Insurance Company Ltd will pay ₹7 on 23 October; Indian Railway Finance Corporation Ltd will pay ₹1.15 on 23 October; LTM Ltd will pay ₹25 on 23 October; Modison Ltd will pay ₹4 on 23 October; Oberoi Realty Ltd will pay ₹2 on 23 October; Tech Mahindra Ltd will pay ₹15 on 23 October; and Titan Biotech Ltd will issue a bonus of 1:4 on 23 October.
Q2 results are expected this week from several large corporates, including Infosys, Eternal, Bajaj Finance, Adani Energy, Kotak Mahindra Bank, UltraTech Cement, HPCL, Tata Motors, Dr Reddy's and others. These earnings announcements will coincide with the dividend and split calendar, providing a busy period for market participants to assess corporate performance and shareholder returns.
The board of directors of IT services and consultancy firm Infosys will meet on 23 October to consider the declaration of an interim dividend and the financial results for the latest September quarter. The meeting will also review the company’s strategic initiatives and governance matters, marking a key event for investors and analysts monitoring the technology sector.