Suspension of trading in securities of 3 Companies
Trading in securities of the undermentioned companies will be suspended w.e.f Aug 14, 2023. Please take appropriate action as needed.
Name of Company | Scrip code |
Dhanada Corporation Ltd | 531198 |
Infra Industries Ltd | 530777 |
Padmalaya Telefilms Ltd | 532350 |
Refer: BSE Circular
Max Ventures & Industries Ltd. has stopped trading
Per recent circulars, the following security (Scrip Code: 539940) has been suspended from trading w.e.f. August 11, 2023.
Name of the Company | Symbol | Reason for Suspension |
Max Ventures & Industries Ltd. | MAXVIL | Scheme of Amalgamation |
Refer: BSE Circular | NSE Circular
Sub-division of equity shares of Iris Clothings Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent circular, 1 equity share of Iris Clothings Ltd. will be sub-divided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Iris Clothings Ltd. | IRISDOREME | 1:5 | 11-Aug | 11-Aug |
Refer: NSE Circular
Sub-division of equity shares of Mena Mani Industries Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent circular, 1 equity share of Mena Mani Industries Ltd. (Scrip Code: 531127) will be sub-divided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Mena Mani Industries Ltd. | MENAMANI | 1:10 | 11-Aug | 11-Aug |
Refer: BSE Circular
Trading & Settlement Holiday: 15 & 16 August 2023
15-Aug-23 is a trading holiday on account of Independence Day. All Exchanges will be closed for the trading of Equity, Derivatives, Currency, and Debt segments. There will be no settlement of funds and securities on this day. 16-Aug-23 is a settlement holiday on account of Parsi New Year. The Currency Segment will be closed on this day for trading. However, other segments are open for Trading.
What this means for you:
You can place your Trades as usual. However, the settlement of funds/securities will be processed as detailed in the table below:
Segment | Trade placed on | Date of Settlement |
Equity | 14-Aug | 17-Aug |
Derivatives (F&O) | 14-Aug | 17-Aug |
Your credit balance for 16-Aug will not include the following:
Segment | Account Balance Exclusions |
Equity | Intraday Profits made on 14-Aug |
Derivatives (Equity F&O, Currency & Commodity) | Credits Made From Trades Done On 14-Aug |
Just so you know: Settlement holidays refer to days when markets (except the Currency segment) are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on the next settlement cycle, as per the respective segments.
W.e.f 10-Aug: New Identity for Sundaram Clayton Ltd.
As per a recent circular, the name and symbol of Sundaram Clayton Ltd. (Scrip code: 520056) will be changed as follows w.e.f 10-Aug-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
SUNCLAYLTD | TVSHLTD | Sundaram Clayton Ltd. | TVS Holdings Ltd. |
Refer: BSE Circular | NSE Circular
JSW Ispat Special Products Ltd. has stopped trading
Per a recent circular, the following security (Scrip Code: 513446) has been suspended from trading w.e.f. August 10, 2023.
Name of the Company | Symbol | Reason for Suspension |
JSW Ispat Special Products Ltd. | JSWISPL | Scheme of Amalgamation |
Refer: BSE Circular | NSE Circular
W.e.f 10-Aug: New Identity for Trivikrama Industries Ltd.
As per a recent circular, the name of Trivikrama Industries Ltd. (Scrip code: 538579) will be changed as follows w.e.f 10-Aug-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
TRIVIKRAMA | ZINEMA | Trivikrama Industries Ltd. | Zinema Media & Entertainment Ltd. |
Refer: BSE Circular
IPO Alert: TVS Supply Chain Solutions Ltd.
TVS SCS is among India’s largest and fastest growing integrated supply chain solutions provider in terms of revenues and revenue growth. The company has global capabilities and network across the value chain with cross deployment abilities. For more than 16 years, TVS SCS has managed large and complex supply chains across multiple industries in India and select global markets through customized tech-enabled solutions.
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 18-Aug-23 |
Initiation of Refunds | 21-Aug-23 |
Credit of Shares to Demat Acct | 22-Aug-23 |
IPO Shares Listing Date | 23-Aug-23 |
UPI mandate expiry date | 24-Aug-23 |
In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
Dividend payment by Power Grid Corporation of India Ltd.
A dividend is an amount paid by the company to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly.
As per a recent circular, Power Grid Corporation of India Ltd. (Scrip Code: 532898) has announced a payment of dividend at Rs 4.75 for the Financial year 2023-24. The key dates for the same are as follows:
Company Name | Symbol | Dividend Amount | Record date |
Power Grid Corporation of India Ltd. | POWERGRID | Rs 4.75 | 08-Aug-23 |
Refer: NSE Circular