Nippon Life India Asset Management Limited has announced Income Distribution cum Capital Withdrawal (IDCW) distributions for select mutual fund schemes, providing returns to investors through its diversified portfolio offerings. The trustee of Nippon India Mutual Fund approved the distributions with March 10, 2026 serving as the record date for determining eligible unitholders.

Distribution Details and Scheme Performance

The IDCW distributions cover two key mutual fund schemes with varying distribution amounts based on their performance and available surplus. The announcement affects both regular and direct plan options under the Income Distribution cum Capital Withdrawal category.

Record Date and Payment Structure

The record date of March 10, 2026 determines eligibility for IDCW payments, with provisions for adjustment if the date falls on a non-business day. The distribution will be processed to the immediately following business day if necessary, ensuring seamless payment processing for unitholders.

Income distribution will be executed net of tax deducted at source, as applicable under current regulations. The company has specified that IDCW payout will be limited to the mentioned distribution amount per unit or available distributable surplus as of the record date, whichever is lower.

Impact on NAV and Unitholder Benefits

Following the dividend payment, the Net Asset Value (NAV) of the schemes will decrease proportionally to reflect the payout amount and any applicable statutory levies. This standard practice ensures accurate valuation post-distribution while maintaining transparency in fund management.

For units held in demat form, IDCW payments will be made to unitholders whose names appear in the statement of beneficial owners maintained by depositories under the respective IDCW plan options. All eligible unitholders under the IDCW plans whose names appear on the register as of the record date will receive the declared distributions.

The announcement reinforces Nippon Life India Asset Management Limited's commitment to delivering consistent returns to investors through its professionally managed mutual fund schemes, with the company continuing to emphasize that mutual fund investments are subject to market risks.

Stallion India Fluorochemicals Limited has issued a revised outcome of its Rights Issue Committee meeting to correct an inadvertent clerical error regarding the face value of equity shares. The company submitted the correction on March 2, 2026, to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Face Value Correction

The company clarified that due to an inadvertent clerical error, the face value of equity shares was incorrectly mentioned as Re. 1.00 instead of Rs. 10.00 in the earlier intimation. The revised disclosure supersedes the earlier communication to the extent of this correction.

Rights Issue Allotment Details

The Rights Issue Committee approved the allotment of 3,67,60,483 fully paid-up equity shares having face value of Rs. 10.00 each on a rights basis. The allotment was made in the ratio of 19:41, meaning 19 rights equity shares for every 41 fully paid-up equity shares held by eligible shareholders at a price of Rs. 99.00 per equity share on the record date of February 11, 2026.

Updated Capital Structure

Following the rights issue allotment, the company's paid-up equity share capital has been updated with the correct face value. The allotment was conducted pursuant to the Letter of Offer dated February 12, 2026, and the Basis of Allotment approved by BSE Limited, which served as the Designated Stock Exchange for this issue.

Committee Meeting and Regulatory Compliance

The Rights Issue Committee meeting was held on March 2, 2026, at the company's registered office located at 2, A Wing, Knox Plaza, Off Link Road, Mindspace, Malad – West, Mumbai. The meeting commenced at 6:40 PM and concluded at 7:00 PM. The committee also approved the extinguishment of lapsed rights entitlements and deactivation of ISIN of rights entitlements INE0RYC20010.