Several companies have recently announced bonus share distributions and dividend payments, benefiting shareholders through increased shareholding and cash returns.

Bonus Share Announcements

Sandur Manganese Iron Ores: 2:1 Bonus Issue

Sandur Manganese Iron Ores has declared a 2:1 bonus issue. Shareholders will receive two additional shares for every one share held, effectively tripling their shareholding. The record date for this bonus issue is set for September 22.

Pidilite Industries and Time Technoplast: 1:1 Bonus Issues

Both Pidilite Industries and Time Technoplast have announced 1:1 bonus issues, doubling the number of shares for their investors. Shareholders of these companies will receive one additional share for each share owned. The record date for both companies is September 23.

Nazara Tech: 1:1 Bonus Issue

Nazara Tech has also declared a 1:1 bonus issue, allowing shareholders to double their holdings. The record date for Nazara Tech's bonus issue is set for September 26.

Chandra Prabhu International: 1:2 Bonus Issue

Chandra Prabhu International has announced a 1:2 bonus issue, where shareholders will receive one bonus share for every two shares held. The record date for this bonus issue is also September 26.

Dividend Announcements

Several companies have declared dividend payments for shareholders this week:

Other companies included in the dividend announcements are Ahluwalia Contracts (India) Ltd. and Jindal Poly Films Ltd.

Implications for Investors

Under India's T+1 settlement cycle, investors must purchase shares at least one trading day before the record date to be eligible for bonus allotments and dividends.

Bonus issues increase the number of shares held without any additional cost, while dividends provide cash returns to shareholders. However, it's important to note that while the number of shares increases in a bonus issue, the overall value of the shareholding remains the same immediately after the issue, as the stock price typically adjusts proportionately.

Investors should be aware that dividend income exceeding Rs 5,000 in a financial year is subject to 10% TDS for resident individuals.

Shareholders are advised to consider these corporate actions as part of their overall investment strategy and to consult with financial advisors for personalized advice.

Investors are eyeing shares of Glenmark Pharmaceuticals and Texmaco Rail & Engineering as today marks the final opportunity to purchase shares and qualify for recently announced final dividends. The record date for shareholder eligibility is set for Friday, September 12, adding urgency to investment decisions.

Dividend Details

Glenmark Pharmaceuticals has declared a final dividend of 250% at Rs 2.50 per share, while Texmaco Rail & Engineering has announced a final dividend of 75% at Rs 0.75 per share. These attractive dividend yields are drawing attention from income-focused investors.

Other Companies Declaring Dividends

Several other companies have also declared final dividends with the same September 12 record date:

• Aarti Pharmalabs
• Alicon Castalloy
• DOMS Industries
• Empire Industries
• Indraprastha Gas
• Lux Industries
• The Phoenix Mills

Dividend amounts across these companies range from Rs 0.05 to Rs 25.00 per share, offering a variety of options for dividend-seeking investors.

Important Note for Investors

It's crucial for potential investors to note that shares purchased after today will not qualify for the dividend payouts on the record date. This deadline adds a sense of urgency for those looking to benefit from these dividend distributions.

Corporate Update: Texmaco Rail & Engineering

In addition to the dividend news, Texmaco Rail & Engineering has announced a significant corporate development. According to the company's latest filing:

• The Scheme of Amalgamation between Texmaco West Rail Limited (Transferor Company) and Texmaco Rail & Engineering Limited has become effective as of September 11.
• This follows the sanction of the scheme by the Hon'ble National Company Law Tribunal, Kolkata Bench.
• Texmaco West Rail Limited now stands amalgamated with Texmaco Rail & Engineering Limited.

This corporate restructuring could have implications for the company's future operations and financial performance, potentially influencing investor sentiment alongside the dividend announcement.

Market Implications

The combination of attractive dividends and corporate restructuring news, particularly for Texmaco Rail & Engineering, may lead to increased trading activity in these stocks. Investors are likely to weigh the immediate benefits of dividend payouts against longer-term implications of corporate actions when making their investment decisions.

As the market digests this information, it will be interesting to observe how these developments impact the share prices and trading volumes of the mentioned companies, especially Glenmark Pharmaceuticals and Texmaco Rail & Engineering, in the coming days.