Latest news with #Larsen&Toubro
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Business Standard
a day ago
- Business
- Business Standard
Dividend, bonus, rights issue: L&T, Nuvama Wealth & 3 others in focus
Ex-dividend date, June 3, 2025: Larsen & Toubro (L&T), Nuvama Wealth Management, and four other companies are expected to be in focus today as they will trade ex-date tomorrow, June 3, 2025. In light of recent announcements regarding corporate action such as dividends, bonus issues, and rights issues, drawing attention from investors. It should be noted that the record date and ex-date for the mentioned stocks are the same. Shares trading ex-date for final and interim dividend Atishay has declared a final dividend of ₹1 per share, L&T ₹34 per share, and Sunshield Chemicals ₹2.5 per share, according to corporate action data by BSE. These dividends will only be paid to shareholders who own the shares before June 3, 2025, which is the ex-dividend and record date for all three companies. Meanwhile, Nuvama Wealth Management has announced an interim dividend of ₹69 per share. An interim dividend is the dividend paid by a company to its shareholders before the end of its financial year and before the final dividend is declared. On the other hand, a final dividend is the dividend declared by a company after the end of its financial year, based on its full-year profits, and is approved by shareholders at the Annual General Meeting (AGM). Rights issue Rajnish Wellness has announced a rights issue involving 48,67,00,618 equity shares with a face value of ₹1 each, amounting to a total issue size of ₹49.9 crore. A rights issue is a way for a company to raise additional capital by offering new shares to its existing shareholders, usually at a discounted price, in proportion to their current holdings. The ex-date refers to when a stock began trading without the entitlement to dividends, rights issues or bonus issues. This means that on or after this date, dividend, subdivision (stock split), bonus issue, or rights issue will not be available to a new buyer of the stock. To qualify for receiving these benefits, investors must own the stock before the ex-date. The beneficiaries of dividends, subdivisions (stock split), or rights issues, however, are determined by the company based on the list of investors recorded by the end of the record date.
Mint
2 days ago
- Business
- Mint
Dividend Stocks: Larsen & Toubro, Tata Motors, TCS, among others to trade ex-dividend next week; Full list
Dividend Stocks: Shares of major firms, including Larsen & Toubro, Tata Motors, Tata Steel, Tata Consultancy Services (TCS), INOX India, Bank of Baroda, Container Corporation of India, are among others that will trade ex-dividend in the week starting Monday, 2 June 2025. The ex-dividend date is when the equity share price adjusts to reflect the next dividend payout. This day, the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward. The dividend issue will be payable to all the shareholders whose names appear on the company's list by the end of the record date. According to BSE data, many companies also announced other corporate actions, including a bonus issue. Atishay Ltd will declare a final dividend of Re 1 per share on Tuesday, 3 June 2025. Larsen & Toubro Ltd will declare a final dividend of ₹ 34 per share on Tuesday, 3 June 2025. Nuvama Wealth Management Ltd will declare an interim dividend of ₹ 69 per share on Tuesday, 3 June 2025. Sunshield Chemicals Ltd will declare a final dividend of ₹ 2.5 per share on Tuesday, 3 June 2025. INOX India Ltd will declare a final dividend of ₹ 2 per share on Wednesday, 4 June 2025. Seshasayee Paper and Boards Ltd will declare a final dividend of ₹ 2.5 per share on Wednesday, 4 June 2025. Tata Motors Ltd will declare a final dividend of ₹ 6 per share on Wednesday, 4 June 2025. Tata Consultancy Services Ltd will declare a final dividend of ₹ 30 per share on Wednesday, 4 June 2025. Jindal Saw Ltd will declare a final dividend of ₹ 2 per share on Thursday, 5 June 2025. Rallis India Ltd will declare a final dividend of ₹ 2.5 per share on Thursday, 5 June 2025. Bank of Baroda will declare a final dividend of ₹ 8.3 per share on Friday, 6 June 2025. Container Corporation of India Ltd will declare a final dividend of ₹ 2 per share on Friday, 6 June 2025. East India Drums and Barrels Manufacturing Ltd will declare an interim dividend on Friday, 6 June 2025. HDFC Asset Management Company Ltd will declare a final dividend of ₹ 90 per share on Friday, 6 June 2025. High Energy Batteries India Ltd will declare a final dividend of ₹ 3 per share on Friday, 6 June 2025. IFGL Refractories Ltd will declare a final dividend of ₹ 1 per share on Friday, 6 June 2025. IndiaMART InterMESH Ltd will declare a final dividend of ₹ 30 per share on Friday, 6 June 2025. IndiaMART InterMESH Ltd will declare a special dividend of ₹ 20 per share on Friday, 6 June 2025. JSW Energy Ltd will declare a final dividend of ₹ 2 per share on Friday, 6 June 2025. Dr. Lal PathLabs Ltd will declare a final dividend of ₹ 6 per share on Friday, 6 June 2025. L&T Technology Services Ltd will declare a final dividend of ₹ 38 per share on Friday, 6 June 2025. Maithan Alloys Ltd will declare an interim dividend of ₹ 7 per share on Friday, 6 June 2025. Nicco Parks & Resorts Ltd will declare an interim dividend of ₹ 0.4 per share on Friday, 6 June 2025. QGO Finance Ltd will declare an interim dividend of ₹ 0.15 per share on Friday, 6 June 2025. TAAL Enterprises Ltd will declare an interim dividend of ₹ 30 per share on Friday, 6 June 2025. Tata Steel Ltd will declare a final dividend of ₹ 3.6 per share on Friday, 6 June 2025. Technocraft Industries (India) Ltd will declare a final dividend of ₹ 20 per share on Friday, 6 June 2025. Toss The Coin Ltd will declare a final dividend of ₹ 0.5 per share on Friday, 6 June 2025. Shalibhadra Finance Ltd declared a bonus issue of shares at a ratio of 3:1. Shares will trade ex-bonus on Wednesday, 4 June 2025. Shilchar Technologies Ltd declared a bonus issue of shares at a ratio of 1:2. Shares will trade ex-bonus on Friday, 6 June 2025. A bonus issue is a corporate action that allows existing shareholders to subscribe for additional shares. Instead of increasing the dividend payout, companies offer to distribute additional shares to the shareholders. For example, the company may give out one bonus share for every ten shares held. Coforge Ltd will undergo a stock split from ₹ 10 to ₹ 2. Shares will trade ex-split on Wednesday, 4 June 2025. A stock split is a corporate action that occurs when a company issues additional shares to shareholders to boost liquidity. The total number of shares issued is increased by a specified ratio based on previously held shares. However, if the number of shares outstanding increases by a specific multiple, the total value (in rupees) of all shares outstanding remains the same because a split does not change the company's value. Most common split ratios are 2-for-1 or 3-for-1 (marked as 2:1 or 3:1). For every share held before the split, each stockholder will have two or three shares, respectively, after the split. Cube Highways Trust: Income Distribution (InvIT) on Monday, 2 June 2025. National Highways Infra Trust: Income Distribution (InvIT) on Monday, 2 June 2025. Capital Infra Trust: Income Distribution (InvIT) on Tuesday, 3 June 2025. Rajnish Wellness Ltd: Right Issue of Equity Shares on Tuesday, 3 June 2025. Franklin Industries Ltd: Right Issue of Equity Shares on Wednesday, 4 June 2025. SIS Ltd: Buyback of shares on Friday, 6 June 2025. Som Datt Finance Corporation Ltd: Right Issue of Equity Shares on Friday, 6 June 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
3 days ago
- Business
- Time of India
LTIMindtree CEO Debashis Chatterjee retires early; Venugopal Lambu takes charge amid leadership confusion
Debashis Chatterjee , chief executive officer (CEO) and managing director (MD) of IT firm LTIMindtree , has opted to retire due to personal reasons effective May 30, six months before his term ends on November 13 this year. Venugopal Lambu , currently the CEO Designate, has been appointed CEO and MD of LTIMindtree with effect from May 31, the sixth-largest IT services company by revenue, said in a statement. The decision was taken at the board meeting of the Larsen & Toubro (L&T) subsidiary at its 29th annual general meeting (AGM) on Friday. Lambu has also been appointed as a director on its board with effect from May 31, 2025, up to his original date of appointment as director, i.e. January 23, 2030, the statement added. Before rejoining LTIMindtree, Lambu served as the CEO of talent recruitment firm Randstad Digital, the $3 billion digital arm of Randstad. Lambu, who has previously worked at LTIMindtree from October 2020 to January 2023, was appointed CEO designate in January this year. Lambu's comeback is seen as a strategy to stabilise the ship at LTIMindtree, which has seen a series of over 10 senior executive exits over the past two years, especially after its formation in November 2022. Chatterjee led the newly formed LTIMindtree after serving as CEO and MD of Mindtree from 2019 until its merger with L&T Infotech. 'Debashis Chatterjee has been working closely with Mr. Venu Lambu to ensure a seamless leadership transition, facilitating continuity and strategic alignment as the company moves forward,' the statement added. The Mumbai-based software services provider reported subdued financial numbers over the past quarters, with the fourth and final quarter of FY25 ending March seeing its profit rise 2.5% on a revenue growth of 9.9% at Rs 9,772 crore. The quarter was helped by foreign exchange gains arising from the rupee's weakness against the dollar. The overall business demand continued to be impacted by macro uncertainties and cautious client spending, along industry lines. For the full year, its net profit declined 1.7% to $544 million, while revenue grew 4.8% to $4.5 billion. LTIMindtree's order book for the January-March period declined marginally to $1.6 billion from the previous quarter's $1.68 billion, but improved from $1.43 billion a year earlier. This month, LTIMIndtree clinched its largest-ever deal -- a $450 million, seven-year engagement with a global agribusiness player.
Hindustan Times
3 days ago
- Business
- Hindustan Times
Relief for L&T, SC okays scrapping of key tender
In relief to engineering and construction company Larsen & Toubro, which was challenging its disqualification in the tender process for the Thane-Ghodbunder to Bhayandar tunnel and elevated road projects, the Mumbai Metropolitan Region Development Authority (MMRDA) told the Supreme Court that it has decided to scrap the entire tender process. Senior advocate Mukul Rohatgi told a bench headed by chief justice of India (CJI) Bhushan R Gavai that the process has been scrapped and the authority will await for further directions from the state government. Recording Rohatgi's submission, the bench in its order said, 'Senior counsel appearing on behalf of the respondent (MMRDA), fairly submit that the state has decided to scrap the entire tender process in the larger public interest and will take such steps, as are advised.' The bench, also comprising justices AG Masih and Atul S Chandurkar, said, 'In that view of the matter, the present special leave petitions have been rendered infructuous and are disposed of as such.' L&T had approached the top court against an order of the Bombay high court passed on May 20, which allowed MMRDA to open the other financial bids.L&T said it came to know of its disqualification only in early May. The company submitted its techniocal bid in December. The top court earlier expressed surprise at how the company which constructed the Central Vista project was disqualified. On Friday, the court appreciated the MMRDA's stand and said, 'We are in an era of transparency,' pointing out that it was concerned about the 'larger public interest' as public money is involved. In July, MMRDA issued a notice inviting tenders for its public infrastructure projects involving the Road Tunnel project (Gaumukh to Fountain Hotel junction on Thane Ghodbunder Road). This projects envisaged 5-kilometre-long twin tunnels of finished diameter 14.6 metres estimated at ₹8,000 crore. The second project involving construction of a 9.8 kilometre long Elevated Road envisaged a bridge passing along the Vasai Creek. Both projects were meant to be an extension of the Mumbai Coastal Road project and a part of MMRDA's larger road expansion project involving construction of approximately 15 kilometre of road from Gaumukh (in Thane) to Bhayander. L&T submitted its technical bid in December 2024 and this was opened on January 1. In May, the company learnt that MMRDA sent letters to qualified technical bidders asking them to appear for the opening of the financial bids on May 13. L&T had approached the Bombay high court, which initially stayed the opening of the financial bids but then ruled against L&T in its May 20 order, prompting the appeal.
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Business Standard
5 days ago
- Business
- Business Standard
L&T board pay jumps two-fold in FY25, employee headcount shrinks 1.4%
Larsen & Toubro's (L&T's) board of directors saw a two-fold jump in remuneration in the financial year 2024-25 (FY25), with median pay rising to ₹27.6 crore from ₹13.6 crore the previous year, the company's annual report shows. The number of directors in FY25 reduced from seven to six. The median remuneration for key managerial personnel (KMP) rose 7.7 per cent to ₹1.85 crore, with one executive listed under this category. L&T's total employee count, excluding the board and KMP, declined by 1.4 per cent to 56,458. However, the number of women employees rose 11.5 per cent to 4,965, while male employees declined 2.48 per cent to 51,493. The median salary for male staff increased 15.6 per cent to ₹11.29 lakh, while that for female staff rose 5.6 per cent to ₹7.1 lakh. The company employed 2,091 permanent workers in FY25, up 0.57 per cent from the previous year. This included 2,084 male and 7 women workers. The median wage for male workers declined by 3.8 per cent to ₹9.4 lakh, while the median wage for women workers rose 11.1 per cent to ₹13.57 lakh. Total staff expenses rose 13.6 per cent year-on-year to ₹46,769 crore in FY25, the company said, reflecting a combination of manpower ramp-up and salary revisions. Staff cost as a percentage of revenue declined by around 30 basis points, supported by higher topline growth. 'The group continues to focus on productivity improvements, digitalisation and manpower optimisation across its businesses,' the company said. The board-level pay hike comes amid a strong operational performance for the group. Order inflows for the year reached ₹3.57 trillion, up 18 per cent year-on-year, led by wins in infrastructure and energy. International orders, driven by sustained capex activity in the Gulf region, outpaced domestic wins for the second straight year. The company's order book crossed Rs 5 trillion during the year, closing at ₹5.79 trillion, a 22 per cent increase from the previous year. International orders now make up 46 per cent of the total order book. L&T posted revenues of ₹2.56 trillion in FY25, marking a 16 per cent growth. For the full year ended March 2025, the engineering conglomerate reported a net profit of ₹15,037 crore, up 15.1 per cent Y-o-Y. 'The global economic landscape remains unpredictable, shaped by rising policy uncertainties. Our company is closely monitoring these developments, especially given that a substantial part of our group's business originates outside India,' said SN Subrahmanyan, chairman and managing director in the annual report.
