Several Indian listed companies have scheduled significant corporate actions this week, including stock splits, bonus issues, and dividend payments. These actions are set to benefit shareholders with various record dates throughout the week.

Stock Splits

Adani Power has announced a stock split, reducing its face value from Rs 10.00 to Rs 2.00 per share. The record date for this split is set for September 22. This 5:1 split will increase the number of shares for existing shareholders without affecting their overall holding value.

Nazara Technologies plans to split its shares from Rs 4.00 to Rs 2.00 per share. The record date for this 2:1 split is scheduled for September 26.

Bonus Issues

Nazara Technologies is not only splitting its stock but also rewarding its shareholders with a bonus issue. The company will issue one bonus share for every share held, effectively doubling shareholders' holdings. The record date for this bonus issue coincides with its stock split on September 26.

Other notable bonus issues include:

• Sandur Manganese & Iron Ores: The company is offering two bonus shares for every one share held, with a record date of September 22.
• Pidilite Industries: Shareholders will receive one bonus share for every share held, with the record date set for September 23.

Dividend Payments

Several companies have announced dividend payments, with the following being particularly noteworthy:

Important Note for Investors

Under India's T+1 settlement cycle, it's crucial for investors to note that shares purchased on the record date itself will not qualify for these benefits. To be eligible, investors must complete their purchases before the respective record dates.

These corporate actions demonstrate the companies' commitment to enhancing shareholder value through various means. Stock splits can potentially increase liquidity, while bonus issues reward existing shareholders without impacting the company's financials. Dividends provide direct cash returns to investors.

Investors are advised to consider these corporate actions in the context of their overall investment strategy and to consult with financial advisors if needed.

The Indian stock market maintained positive momentum amidst volatility, with the Nifty index inching closer to the 25,500 target zone. Several major companies made headlines with significant developments and clarifications.

Adani Group Cleared by SEBI

In a major development, the Securities and Exchange Board of India (SEBI) dismissed allegations against the Adani Group in the Hindenburg case. The regulatory body ruled that related party transactions cannot be applied retrospectively, resulting in no liability or penalty for the conglomerate. This decision marks a significant turn in the ongoing scrutiny of the Adani Group's operations.

Indian Hotels Clarifies Ownership Status

Indian Hotels Company Limited issued a clarification regarding its association with New York's Pierre hotel. The company stated that it holds leasehold rights to the property, not outright ownership, addressing misleading media reports that had circulated.

Leadership Changes and Legal Proceedings

• Bombay Dyeing: The company appointed Rohit Santhosh as the new CEO of Bombay Realty, signaling potential strategic shifts in its real estate division.

• Reliance Group and YES Bank: The Central Bureau of Investigation (CBI) filed chargesheets against Anil Ambani's Reliance Group companies and YES Bank's former CEO Rana Kapoor. The charges are related to alleged fraudulent transactions, marking a significant legal development in the banking sector.

Energy Sector Updates

Oil India

The company expressed optimism about the $20-billion TotalEnergies Mozambique LNG project, expecting it to restart development by year-end. The project had been halted in 2021 due to security concerns.

Vedanta

The mining giant was declared the preferred bidder for the Punnam Manganese block, covering an area of 152 hectares. This development could potentially boost Vedanta's manganese production capabilities.

Corporate Orders and Transactions

Texmaco Rail

The company secured an order worth Rs 86.85 crore from Ultratech Cement for BCFC wagons, with delivery scheduled by March 2026. This order underscores the ongoing demand in the infrastructure and logistics sectors.

Dr Reddy's

The pharmaceutical company's promoters settled 20.58% of equity shares through an off-market transfer, a significant movement in the company's ownership structure.

As the market navigates through these developments, investors and analysts will be closely watching how these corporate actions and regulatory decisions impact the broader economic landscape.