CMS Info Systems, Symphony & Cochin Shipyard and more to go for ex-dividend next week

Shares of CMS Info Systems, Symphony & Cochin Shipyard and few other companies are in the focus following announcements like dividend, bonus issues, or rights issue.

CMS Info Systems, DISA India, and Symphony will trade ex-dividend on February 11, as they have announced interim dividends of ₹3.25, ₹100, and ₹2 per share, respectively, for their shareholders. Notably, all of these firms had fixed February 11 as the record date to determine the eligibility for shareholders in these actions.

EFC (I) will also continue to stay in the spotlight as the company will declare a bonus share issue in the ratio of 1:1, i.e., 1 new fully paid-up equity share of ₹2 each for every 1 existing fully paid-up equity share of ₹2 each, to the eligible equity shareholders of the company. The company has finalised February 11, 2025 to be the record date for the purpose of determining the equity shareholders eligible for the allotment of bonus equity shares in the ratio of 1:1.

Additionally, ETT, Thangamayil Jewellery, and Kairosoft AI Solutions are also set to trade ex-date on February 11, 2025, after the announcement of right issues for their respective shareholders.

ETT has announced a rights issue of fully paid-up 1,65,89,856 equity shares of a face value of ₹10 each at a premium of ₹5 each, totalling to ₹24,88,47,840. The company has set the issue price at ₹15 per equity share (including the premium of ₹5 per equity share).

Thangamayil Jewellery has announced a rights issue of 36,42,857 equity shares, aiming to raise up to ₹510 crore (assuming full subscription) at a price of ₹1,400 per share, including a premium of ₹1,390. The record date is set for Tuesday, February 11, 2025.

Kairosoft AI Solutions has also declared a rights issue of 8,00,000 fully paid-up equity shares with a face value of ₹10 each, priced at ₹250 per share. Shareholders will be entitled to 2 equity shares for every 1 share held as of the record date, also set for February 11, 2025.

Some of the companies going ex-dividend are:

CMS Info Systems, Symphony, Cochin Shipyard, Hero MotoCorp, Torrent Power, ITC, NHPC, Alkem Laboratories, BEML, Cummins India, MRF, PI Industries, and REC.

• Alkem Laboratories: ₹37 per share dividend, ex-date February 14
• Expleo Solutions: ₹50 per share dividend, ex-date February 12
• Disa India: ₹100 per share dividend, ex-date February 11
• Hero MotoCorp: ₹100 per share dividend, ex-date February 12

The ex-date marks the first day a stock trades without entitlement to dividends, bonus shares, or rights issues. Investors purchasing the stock on or after this date won't qualify for these corporate benefits. To be eligible, investors must hold the stock before the ex-date. The beneficiaries are determined based on the list of shareholders recorded by the close of the record date.