Three companies have announced their last trading day for dividend eligibility, setting October 9 as the crucial date for investors. The ex-dividend date for all three companies falls on October 10, meaning investors must purchase shares before this date to qualify for the announced dividends.

Dividend Details

Key Points for Investors

• Last Trading Day: October 9, 2023
• Ex-Dividend Date: October 10, 2023
• Shares purchased on or after October 10 will not be eligible for these dividend payouts

Hexaware Technologies stands out with its substantial interim dividend of 575.00%, translating to Rs 5.75 per share. This represents a significant return for shareholders compared to the other two companies.

Rashtriya Chemicals & Fertilizers (RCF) has declared a final dividend of 13.20%, which amounts to Rs 1.32 per share. This payout marks the conclusion of their dividend distribution for the financial year.

Sacheta Metals has announced a more modest interim dividend of 2.50%, equating to Rs 0.05 per share.

Investors should note that these dividend announcements may impact the share prices of the respective companies around the ex-dividend date. Typically, a stock's price may adjust downward by approximately the amount of the dividend on the ex-dividend date, reflecting the payout to shareholders.

It's crucial for investors to make informed decisions based on their investment goals and to consider the ex-dividend date when planning their trades. Those looking to benefit from these dividends must ensure their purchases are completed before the market closes on October 9, 2023.

Hexaware Technologies Limited , a prominent Indian IT services company, is confronting a significant legal challenge in the United States. The company is facing a $500 million lawsuit filed by Natsoft Corp, alleging patent infringement.

Legal Action Details

Natsoft Corp has initiated legal proceedings against Hexaware Technologies, claiming patent infringement. The lawsuit, with a substantial claim of $500 million, represents a considerable financial exposure for Hexaware.

Potential Impact

The legal action poses a significant financial risk for Hexaware Technologies. A $500 million claim is substantial and could have material implications for the company's financial position and future operations if the lawsuit is successful.

Company's Response

As of now, Hexaware Technologies has not issued an official statement regarding the lawsuit. The company's response to these allegations and its strategy for defending against the claims remain to be seen.

Market Implications

This legal challenge comes at a time when Hexaware has been focusing on expanding its presence in the global IT services market. The lawsuit could potentially impact investor confidence and the company's market position.

Industry Context

Patent infringement lawsuits are not uncommon in the technology sector, where intellectual property plays a crucial role. However, the size of this claim makes it particularly noteworthy within the industry.

Recent Corporate Developments

In a separate development, Hexaware Technologies recently declared a second interim dividend. According to the company's latest corporate announcement:

• A dividend of ₹5.75 (575%) per equity share of ₹1 each was declared.
• The record date for this interim dividend is set for October 10.
• The dividend will be paid on October 18 to shareholders whose names appear in the Register of Members and/or Depositories as of the record date.

This dividend announcement, made on October 1, demonstrates the company's ongoing commitment to shareholder returns, despite the looming legal challenge.

As the lawsuit progresses, stakeholders will be closely watching for any updates from Hexaware Technologies regarding its legal strategy and the potential impact on its business operations.