Key Corporate Actions: Sanofi, Akme Fintrade, Garment Mantra and Others in Focus Ahead of Ex-Date

Several stocks will be in the spotlight as they trade ex-date on Thursday, April 17, 2025, due to recent corporate announcements. These include Sanofi Consumer Healthcare India, Akme Fintrade (India), Garment Mantra Lifestyle, Sylph Technologies, and Tirupati Tyres. Here’s what investors need to know:

Sanofi Consumer Healthcare India – Dividend

Sanofi Consumer has announced an interim dividend of ₹55 per share. The stock will trade ex-dividend on April 17, 2025, and shareholders on record by this date will be eligible for the dividend payout.

Read More India’s Diamond, Gold and Silver Jewellery Exports Decline in FY25. 

Akme Fintrade (India) – Stock Split

Akme Fintrade is set to undergo a stock split, where each fully paid share of ₹10 will be split into 10 shares of ₹1 each. The record date is April 18, 2025. This move is intended to make shares more affordable for retail investors.

Garment Mantra Lifestyle – Rights Issue

Garment Mantra has announced a rights issue worth up to ₹50 crore.

• Issue price: ₹1.20 per share (includes ₹0.20 premium).

• Initial payment: ₹0.30 per share (₹0.25 face value + ₹0.05 premium).

• Remaining: To be paid in future calls.

• Ratio: 39 new shares for every 20 held.

• Record date: April 17, 2025.
  

Sylph Technologies – Rights Issue

Sylph Technologies is offering a rights issue of 48.9 crore shares:

• Price: ₹1 per share.

• Ratio: 15 shares for every 11 held.

• Record date: April 18, 2025.

• Shareholders can renounce their rights.

• Note: The company is under ASM LT Stage 1 on BSE.
  

Tirupati Tyres – Rights Issue

Tirupati Tyres has announced a rights issue of 4.89 crore shares:

• Price: ₹10 per share.

• Ratio: 2 shares for every 1 held.

• Record date: April 17, 2025.

• Renunciation rights apply.

• The stock is currently under ESM Stage 2 on BSE.
  

Understanding the Ex-Date

The ex-date is the date when a stock starts trading without the benefit of a dividend, rights issue, or stock split. To be eligible for these corporate actions, you must own the shares before the ex-date. The company finalises eligible shareholders on the record date.

Conclusion

Investors should track these key corporate actions to make informed decisions ahead of the ex-date. Holding shares before this date ensures eligibility for the respective benefits, including dividends, bonus rights, or split shares.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.     

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.