Investor Alert: Key Dividend Record Dates Shift for 14 Major Stocks – Don't Miss Out!

Attention investors! A significant calendar change in the Indian stock market has prompted a crucial revision in dividend record dates for a host of prominent companies. With a settlement holiday declared on Tuesday, September 17, 2024, in observance of Ganesh Chaturthi, no trading activity will occur, necessitating an adjustment to several upcoming corporate actions.

As a result, fourteen major companies have proactively shifted their dividend record dates from the original September 17 to Monday, September 16, 2024.

This adjustment is vital for shareholders looking to be eligible for the upcoming dividend payouts. The 'record date' is the cut-off date by which an investor must hold shares of a company to receive the declared dividend.

If the original record date falls on a non-trading day, such as a settlement holiday, companies often pre-pone it to ensure smooth processing and investor eligibility. Missing this revised date could mean missing out on your entitled dividends.

Among the companies making this important change are industry giants and mid-cap players across various sectors.

The list includes:

• Birla Corporation Ltd: A diversified conglomerate with interests in cement, jute, and more.
• Titagarh Rail Systems Ltd: A leading manufacturer of railway wagons and coaches.
• HFCL Ltd: A prominent telecom infrastructure provider and optical fiber cable manufacturer.
• VST Industries Ltd: Known for its tobacco products.
• Indian Toners & Developers Ltd: Specializing in toner and printer consumables.
• Apcotex Industries Ltd: A key player in synthetic latex.
• The Hi-Tech Gears Ltd: Engaged in manufacturing gears and shafts.
• Star Health and Allied Insurance Company Ltd: A major private health insurance provider.
• Manappuram Finance Ltd: A leading non-banking financial company primarily in gold loans.
• Shriram Pistons & Rings Ltd: A significant manufacturer of pistons, piston rings, and engine valves.
• G M Breweries Ltd: Involved in the production of alcoholic beverages.
• Indo Borax & Chemicals Ltd: Specializing in borax and boric acid.
• The Ugar Sugar Works Ltd: A prominent sugar and distillery manufacturer.
• Panama Petrochem Ltd: Dealing in petroleum specialty products.

For investors holding shares in any of these companies, it is crucial to ensure that their shares are credited to their demat accounts by September 16, 2024, to be eligible for the respective dividend distributions.

This revision underscores the importance of staying updated with corporate announcements and market holidays, as they can directly impact investment outcomes.

The National Stock Exchange (NSE) had previously issued a circular on May 21, 2024, confirming the settlement holiday on September 17. This pre-notification allowed companies to make necessary adjustments well in advance, though the immediate impact on record dates often catches investors off-guard if not actively tracking news.

Always double-check official company announcements and exchange circulars to stay abreast of such critical changes impacting your portfolio.