Trading in securities of the undermentioned companies will be suspended w.e.f Aug 14, 2023. Please take appropriate action as needed. Name of Co…

Trading in securities of the undermentioned companies will be suspended w.e.f Aug 14, 2023. Please take appropriate action as needed.

Name of CompanyScrip code
Dhanada Corporation Ltd531198
Infra Industries Ltd530777
Padmalaya Telefilms Ltd532350

Refer: BSE Circular 

Per recent circulars, the following security (Scrip Code: 539940) has been suspended from trading w.e.f. August 11, 2023. Name of the CompanySym…

Per recent circulars, the following security (Scrip Code: 539940) has been suspended from trading w.e.f. August 11, 2023.

Name of the CompanySymbolReason for Suspension
Max Ventures & Industries  Ltd.MAXVIL Scheme of Amalgamation

Refer: BSE Circular | NSE Circular

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 i…

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 NameSymbolSub-division RatioRecord DateEx-split Date
Iris Clothings Ltd.IRISDOREME1:511-Aug11-Aug

Refer: NSE Circular

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 i…

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 NameSymbolSub-division RatioRecord DateEx-split Date
Mena Mani Industries Ltd.MENAMANI1:1011-Aug11-Aug

Refer: BSE Circular

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 Deb…

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:

SegmentTrade placed onDate of Settlement
Equity14-Aug17-Aug
Derivatives (F&O)14-Aug17-Aug

Your credit balance for 16-Aug will not include the following:

SegmentAccount Balance Exclusions
EquityIntraday 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.

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…

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 CompanyNew Name of the  Company
SUNCLAYLTDTVSHLTDSundaram Clayton Ltd.TVS Holdings Ltd.

Refer: BSE Circular | NSE Circular

Per a recent circular, the following security (Scrip Code: 513446) has been suspended from trading w.e.f. August 10, 2023. Name of the CompanySy…

Per a recent circular, the following security (Scrip Code: 513446) has been suspended from trading w.e.f. August 10, 2023.

Name of the CompanySymbolReason for Suspension
JSW Ispat Special Products  Ltd.JSWISPLScheme of Amalgamation

Refer: BSE Circular | NSE Circular

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 Symbo…

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 SymbolNew Symbol Existing Name of the CompanyNew Name of the  Company
TRIVIKRAMAZINEMATrivikrama Industries Ltd.Zinema Media & Entertainment Ltd.

Refer: BSE Circular

TVS SCS is among India’s largest and fastest growing integrated supply chain solutions provider in terms of revenues and revenue growth. The company …

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 Allotment18-Aug-23
Initiation of Refunds21-Aug-23
Credit of Shares to Demat Acct22-Aug-23
IPO Shares Listing Date23-Aug-23
UPI mandate expiry date24-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.

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 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 NameSymbolDividend AmountRecord date
Power Grid Corporation of India Ltd.POWERGRIDRs 4.7508-Aug-23
  • The revised options strike/futures base prices and the lot size on account of adjustment would appear in decimal places and shall be rounded off to the nearest tick size and the lot size shall be rounded off to the nearest integer. 
  • The details of the revised option strike prices, futures prices, lot size, and quantity freeze limit wherever applicable, will be informed to members separately via circular one day prior to the exdate / effective date.
  • Refer: NSE Circular