
Tata Technologies among 3 stocks in focus as they will trade ex-dividend today
Tata Technologies, LKP Securities, and Honeywell Automation India had set Monday, June 16, 2025, as the dividend record date for determining the list of eligible shareholders to receive the dividend.
The June 16 record date suggests that investors who wanted to receive the dividend payout and benefit from dividend announcements should have purchased shares of these companies at least one day prior to the record date, per the T+1 settlement procedure.
Tata Technologies Ltd: Tata Technologies recommended a final dividend of ₹ 8.35 and a one-time special payment of ₹ 3.35, totalling ₹ 11.70 per equity share of ₹ 2 each, subject to tax, for the fiscal year ending March 31, 2025.
If approved at the Annual General Meeting (AGM), the dividend must be paid or dispatched within 30 days of the AGM.
LKP Securities Ltd: The company had recommended a final dividend of ₹ 0.30/- per equity share of ₹ 2/- each for the financial year ended March 31, 2025. The dividend announced translated into a payout of 15% if the dividend declared and the face value of the share were considered. The dividend payout, however, is subject to approval of the shareholders at the ensuing Annual General Meeting.
Honeywell Automation India Ltd: The Board of Directors of Honeywell Automation India had recommended a final dividend of ₹ 105 per equity share, or 1,050% of the face value of ₹ 10 per share, for the fiscal year that ended on March 31, 2025. This recommendation is contingent upon shareholder approval at the company's subsequent annual general meeting.

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Business Standard
an hour ago
- Business Standard
Rupee posts best session in over one month; ends 28 paise higher at 87.43/$
The Indian Rupee recorded its strongest gain in over a month on a weaker dollar, after domestic retail inflation eased to an eight-year low of 1.55 per cent in July. The domestic currency rose 28 paise, or 0.32 per cent, to close at 87.43 against the dollar on Wednesday, marking its best session since July 3, according to Bloomberg. The rupee has depreciated by 2.13 per cent in the current calendar year. The currency traded strongly on optimism over possible positive developments in the Russia-Ukraine conflict, as US President Donald Trump and Russian President Putin are set to meet on August 15, Jateen Trivedi, VP research analyst - commodity and currency at LKP Securities, said. "Softer CPI data in both India and the US also aided sentiment. The rupee is expected to trade in a range of 87.25-88.00." Meanwhile, the last time the Consumer Price Index (CPI) had been this benign was in June 2017, when it recorded a 1.46 per cent uptick. The decline in retail inflation was aided by a deepening deflation in several food items. Data showed that food inflation, which had turned negative in June, declined by another 1.8 per cent in July. Core inflation, which excludes volatile segments such as food and energy, declined to 4.1 per cent during the month. Analysts expect consumer demand to pick up in light of the mild inflation trend, and reckon that monetary policy actions will hinge on the trajectory and outlook for prices and economic growth. The Reserve Bank of India (RBI) last week pegged the average price rise pace for 2025-26 (FY26) at 3.1 per cent from 3.7 per cent. Meanwhile, in the US, the core CPI, which excludes food and energy costs, climbed 0.3 per cent in July, the fastest pace since the start of the year, driven mainly by higher services prices. Traders upped their bets that the Federal Reserve could cut interest rates in September. The dollar index, a measure of the greenback against a basket of six major currencies, was down 0.46 per cent at 97.64. Foreign portfolio investors (FPIs) have been pulling out, keeping the dollar well bid, with further rupee weakness likely to accelerate outflows. Global funds have been net sellers of ₹16,062 crore so far this month.


India Today
7 hours ago
- India Today
Sunjay Kapur's Rs 30,000 crore fortune without a will: Who's likely to gain most?
When industrialist Sunjay Kapur died suddenly earlier this year, he not only left behind a void for his family but also more than a vast business empire, and the question, who will inherit his vast empire?At stake is an estimated Rs 30,000 crore fortune spread across automotive interests, real estate, investments, and family trust holdings. The biggest complication: Kapur is believed to have died intestate, without leaving a legally recognised will in place since there has beem no news about it until the weeks since his death, the silence around succession has been broken by a chorus of competing voices: his mother Rani Kapur, his widow Priya Sachdev Kapur, his sisters, and even mentions of his former is, in some way, touched by the legal consequences of his absence, and by the vacuum his death has left in the control of the Sona Group, the family's flagship business. Family tree of Sunjay Kapur advertisementWHEN THERE'S NO WILLUnder the Hindu Succession Act, 1956, where a Hindu male dies intestate, his property devolves upon the heirs enumerated in Class I of the Schedule, all of whom inherit simultaneously and in equal shares."These Class I heirs include the widow, all sons and daughters (whether biological or lawfully adopted), and the mother, together with certain heirs of any predeceased children. The statutory scheme leaves no scope for discretion in the matter of quantum or sequence; each surviving Class I heir takes per capita, after payment of debts, funeral expenses, and other lawful liabilities. Class II heirs, agnates, and cognates succeed only in the absence of all Class I heirs," said Tushar Kumar, Advocate, Supreme Court of India. "Applying this to the facts at hand, if the late Sunjay Kapur were to have died intestate, leaving behind his widow, his biological children from his earlier marriage to Ms. Karisma Kapoor, any stepchildren who had been legally adopted by him during his lifetime, and his mother, Rani Kapur, all these persons would qualify as Class I heirs. The estate would be divided equally among them," he MOTHER'S CLAIM Sunjay Kapur with mother Rani Kapur Rani Kapur, Sunjay's mother, seems to have launched the most aggressive challenge to the succession. Her reaction has been multipronged: questioning the circumstances of her son's death, alleging corporate conspiracy, and claiming her rightful inheritance based on a 2015 a letter to the Sona Comstar board dated July 24, Rani alleged she was "compelled to sign various documents without explanation" while grieving and claimed her son died under "highly suspicious and unexplained circumstances". She demanded postponement of the AGM and accused unnamed individuals of seizing control during the family's mourning allegations escalated when she approached UK authorities with a formal criminal complaint, claiming Sunjay's death "may have been facilitated or orchestrated as part of a coordinated transnational conspiracy."Sona Comstar responded, issuing a legal cease-and-desist notice demanding she withdraw her "false, malicious, and damaging" statements within three days or face civil and criminal proceedings. The company firmly rejected her claims of coercion as "malafide, false, unwarranted and uncorroborated".Coming to her claim to her son's Rs 30,000 crore wealth, Rani Kapur has reportedly pointed to a will from 2015, which she claims names her as the principal beneficiary. If such a document exists, it could change the entire equation, but under Indian law, it must first survive intense Court advocate Tushar Agarwal explains, 'When a will is produced, the burden of proving its authenticity lies with the person presenting it. This means producing the original document, establishing that it was signed by the testator in sound mind, and proving it was attested by valid witnesses.' Any failure on these counts, he notes, could result in the will being the 2015 will were to be contested, grounds could range from undue influence to lack of testamentary capacity or even allegations of forgery. 'Such challenges are not uncommon in high-value estates,' says Agarwal, 'and the courts typically allow all parties to lead evidence before deciding.'THE WIDOW'S POSITION Sunjay Kapur with wife Priya S Kapur Priya Sachdev Kapur, Sunjay's third wife whom he married in 2017, seems to have consolidated her position. Within weeks of his death, she secured her appointment as a non-executive director of Sona Comstar with overwhelming shareholder support. 99.44% approval at the July 25 Annual General changed her Instagram handle from "Priya Sachdev Kapur" to "Priya Sunjay Kapur," updated her bio in an attempt to highlight her corporate roles, and declared herself as "carrying forward the vision" of her late after, she deleted her entire social media presence, signalling her intent to focus on business rather than public India's Hindu Succession Act, a widow is a Class I heir, entitled to an equal share of the estate alongside other surviving Class I heirs, namely, the mother and biological Rohila, Advocate & Partner, Aeddhaas Legal LLP, explains: 'If Sunjay Kapur left no will, his widow, biological children, and mother would inherit in equal proportions. Stepchildren only inherit if they were legally adopted.'For Priya Sachdev Kapur, this legal footing is SISTERS' STAKE Sunjay Kapur with his sistersMandhira Kapur and Superna Motwane. Sunjay Kapur has two sisters, Mandhira Kapur and Superna in an Instagram post, admitted she and Sunjay hadn't spoken for four years due to "a silly sibling squabble escalated to crazy levels due to egos and natural bullishness".advertisement"What happened towards the end has been both horrible and pointless. I'll never have my moments with him again," she wrote, sharing childhood photographs and lamenting their broken relationship. Her posts revealed deep regret: "I would give anything to just see my bhaiya one last time and tell him how much I love him".Recent posts by Mandhira show her standing with their mother, Rani, indicating she may support her mother's under Indian intestate succession law for Hindus, are not Class I heirs if the deceased leaves behind a widow, mother, or children. They fall into Class II, meaning they inherit only if no Class I heirs survive. In this case, that would leave them with no direct claim under intestate rules, but if the alleged will favoured them, or if assets were held in a trust or joint ownership, their role could WIVESKarisma Kapoor's name inevitably comes up in public conversations about Kapur's personal life, but her legal standing is straightforward. Sunjay Kapur with Karisma Kapoor advertisement"It must be emphasised that Ms. Karisma Kapoor, having been divorced from Shri Sunjay Kapur prior to his demise, would not fall within the definition of 'widow' in Section 8 of the Hindu Succession Act," said Kumar."She would, therefore, have no right in intestate succession to his estate. Her entitlement, if any, could only arise through a valid will in her favour or under the terms of any subsisting contractual or financial settlement pursuant to the divorce," he added. Nandita Mahtani Nandita Mahtani, Sunjay's first wife (married 1996-2000), remained completely outside the inheritance drama, having no children with only public reaction was dropping heart emojis on sister Mandhira's emotional Instagram tribute. As a successful fashion designer, she appears to have moved entirely beyond the Kapur family TRUST FACTORSome of Kapur's assets are believed to be linked to the RK Family Trust and other holding said, 'Trust assets follow the trust deed—not succession law—unless it's proven assets were wrongly moved into the trust..' This means that even if intestate rules favour one group, trust structures could leave significant portions of the wealth beyond their reach."Where assets are settled in a family trust, such as the RK Family Trust, their treatment depends on the nature of the deceased's interest therein. If the trust is discretionary and Sunjay Kapur held only a potential benefit at the discretion of the trustees, such interest is not inheritable property and does not devolve under intestate succession," said added, "Conversely, if the trust deed conferred upon him a fixed, vested, and transferable beneficial interest, that interest would pass to his legal heirs in accordance with the Act. Disputes may arise if it is alleged that amendments to the trust deed were made fraudulently or that the trust was a mere facade to divert estate assets."WHO HAS THE EDGE? Sunjay Kapur with his family. At this stage, Priya Sachdev Kapur, the widow, and her daughter from her first marriage, Safira Chatwal Kapur, who is said to have been legally adopted by Sunjay as per media reports, appear to have the strongest claim under default succession Kapur's position depends entirely on the court accepting the 2015 will she claims exists. The sisters' prospects rest on either a favourable will or specific trust provisions. The trust structures themselves could prove decisive in determining how much of the Rs 30,000 crore pie is even subject to intestate the courts decide on the will's validity, or confirm there isn't one, every potential heir remains locked in a tense waiting game.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends


News18
a day ago
- News18
Indowind Energy Q1 net profit rises 43 pc to Rs 2.29 cr
Agency: Last Updated: August 12, 2025, 19:30 IST Representational image (Image: News18) New Delhi, Aug 12 (PTI) Indowind Energy on Tuesday posted an over 43 per cent rise in its consolidated net profit to Rs 2.29 crore in the June quarter. It had reported a consolidated net profit of Rs 1.6 crore for quarter ended on June 30, 2024, according to a regulatory filing. Total income rose to Rs 11.55 crore in the quarter against Rs 7.36 crore in the same period a year ago. Swipe Left For Next Video View all The Board of Directors has approved the proposal to commence the 30th Annual General Meeting (AGM) The AGM of the company is scheduled to be held on September 26, 2025, through video conferencing or other audio-visual means. The register of members will be closed from September 20, 2025, to September 26, 2025, (both days inclusive) for the purpose of AGM. The record date for the AGM is September 19, 2025. PTI KKS SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments News agency-feeds Indowind Energy Q1 net profit rises 43 pc to Rs 2.29 cr Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Read More