TCS 3000% Dividend, Mazagon Dock, Quess in Spotlight with 13 Corporate Actions

This week is packed with significant corporate actions that investors should know. From dividends and stock splits to spin-offs and rights issues, several companies are making moves that could impact shareholder value.

Tata Consultancy Services (TCS), India’s largest IT services firm, has declared its highest-ever final dividend. The company will distribute a total of ₹44,962 crore to its shareholders as dividends.

Thirteen other companies, including CRISIL, Hexaware, and Quess Corp, have also announced key corporate actions. Each company has set a weekly record date to identify eligible shareholders for these benefits. Under the T+1 settlement cycle, investors must hold the shares at least one day before the ex-date to qualify. Source: Economic Times

 Let’s delve into the details of these actions to help you stay informed and make strategic investment decisions.​

Understanding Corporate Actions

Corporate actions like dividends, stock splits, and rights issues can significantly impact a company’s stock price and investor returns. Here’s a brief overview:

Dividends:
A company’s Dividends are periodic payments to its shareholders, typically from its net profits. They reward investors for holding the stock, which can be issued in cash or additional shares, reflecting the company’s financial strength and profitability.

Stock Splits:
A stock split increases the number of outstanding shares by dividing each share, which lowers the price per share. While the company’s overall value remains unchanged, it improves stock liquidity and makes shares more affordable for small investors.

Rights Issues:
Rights issues allow existing shareholders to purchase additional shares at a discounted rate before they are offered to the public. This helps companies raise capital while allowing loyal shareholders to maintain or increase their ownership.

Spin-Offs:
A spin-off occurs when a company creates a new, separate entity by distributing shares of the new business to existing shareholders. It allows the parent company to focus on core operations while unlocking value in non-core segments for investors.

TCS Declares Record ₹126 Dividend for FY25

Tata Consultancy Services (TCS) has announced its highest-ever final dividend of ₹30 per share for FY25, taking the total annual dividend to ₹126 per share. This includes three interim dividends of ₹10 each and a special dividend of ₹66. 

The 3000% final dividend, based on a face value of ₹1, brings the total shareholder payout for the year to ₹44,962 crore. However, it has not yet specified the record date for eligibility. 

In 2024, TCS announced its January–March quarter results on April 12 and declared a final dividend of ₹28 per share. The record date for this was set nearly a month later, on May 16. Based on this pattern, it is likely that TCS will follow a similar timeline this year, with the FY25 dividend record date expected to be announced in May. ET Now/Tata Consultancy Services

Mazagon Dock Shipbuilders’ Final Dividend and Stock Split

Mazagon Dock Shipbuilders, a leading defense PSU, has declared an interim dividend of ₹3 per share. The company has set Wednesday, April 16, as both the ex-date and record date to determine eligible shareholders for this payout.

Quess Corp’s Spin-Off

April 15 has been set as both the ex-date and record date for Quess Corp’s demerger. The leading business services firm is entering a new growth phase, with its approved spin-off resulting in three publicly listed companies. Following NCLT approval, Quess Corp has formalized this much-anticipated business split timeline. Source: Financialexpress.com

Other Noteworthy Corporate Actions

1) CRISIL
The record date for CRISIL’s final dividend of ₹26 per share is Monday, April 14. The ex-date was Friday, April 11.

2) Energy Infrastructure Trust
The ex-date and record date for income distribution (InvIT) is set for Tuesday, April 15.

3) Hexaware Technologies
Hexaware will conduct an interim dividend payout of ₹5.75 per share. The ex-date and record date are both on April 15.

4) Kapil Raj Finance
Kapil Raj Finance has announced a 1:10 stock split, with April 15 as the ex-date and record date.

5) Onesource Industries and Ventures
April 15 has been set as the ex-date and record date for the company’s rights issue.

6) Remedium Lifecare
The rights issue of Remedium Lifecare will also have April 15 as its ex-date and record date.

7) Akme Fintrade (India)
Akme Fintrade will undergo a 1:10 stock split. The ex-date is Thursday, April 17, and the record date is Friday, April 18.

8) Garment Mantra Lifestyle
The ex-date and record date for Garment Mantra’s rights issue is Thursday, April 17.

9) Rushabh Precision Bearings
The company has set April 17 as the ex-date and record date for implementing its resolution plan (suspension).

10) Sanofi Consumer Healthcare India
Sanofi has announced a final dividend of ₹55 per share, with April 17 as the ex-date and record date.

11) Tirupati Tyres
April 17 is the ex-date and record date for Tirupati Tyres’ rights issue.

​The Economic Times/The Financial Express

Key Takeaways for Investors

• Stay Informed: Keep track of record dates and ex-dates to ensure eligibility for dividends and other benefits.​
• Assess Impact: Evaluate how corporate actions align with your investment strategy and financial goals.
• Consult Professionals: When in doubt, seek advice from financial advisors to navigate complex corporate actions.​

Markets Rebound Sharply on Friday

With several corporate actions lined up this week, let’s look at how the market performed last week and what experts predict for the weeks ahead.

Despite the weak weekly trend, Indian markets staged a powerful rally on 11th April 2025. The BSE Sensex jumped by 1,310.11 points (1.77%) to close at 75,157.26, while the Nifty 50 rose 429.40 points (1.92%), ending at 22,828.55. Buying interest was strong across sectors, with BFSI and auto stocks leading the charge. 

Indian benchmark indices closed the week with a marginal decline of 0.3%, weighed down by heightened volatility due to mixed signals from former U.S. President Donald Trump on reciprocal tariffs. His fluctuating stance on trade relations added to the global market’s nervousness.

According to experts, volatility may persist in the coming week as the US-China trade war escalates. With both countries imposing retaliatory tariffs, markets will likely remain under pressure. Source: Economic Times

Conclusion

The upcoming week presents several corporate actions that could impact investor portfolios. TCS’s substantial dividend underscores its strong financial performance, while Mazagon Dock’s dividend and stock split reflect its growth trajectory. Quess Corp’s spin-off indicates a strategic realignment to enhance shareholder value. Staying informed about these developments is crucial for investors to make timely and informed investment decisions.​

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