Corporate Actions Lined Up For May 26: ITC, SBI, Oberoi Realty, Hindalco & More

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Corporate Actions Lined Up For May 26: ITC, SBI, Oberoi Realty, Hindalco & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- A slew of companies is lined up to release their earnings results for the March ending quarter on Friday, along with other corporate actions scheduled for the day.

Among major activities for today, the cigarettes-to-hotels conglomerate ITC (NS: ITC ) will go ex-dividend, while the country’s largest bank State Bank Of India's (NS: SBI ) record date for dividend payment is set for the day.

Companies including Hindalco Industries (NS: HALC ), Zee Entertainment (NS: ZEE ), Berger Paints (NS: BRGR ), Motherson Sumi Systems (NS: MOSS ), Muthoot Finance (NS: MUTT ), Union Bank of India (NS: UNBK ), Quess Corp (NS: QUEC ), Bharat Dynamics (NS: BARA ), and Cummins India (NS: CUMM ), among others, will release their earnings results for the March quarter.

Corporate Actions

ITC: The blue-chip company’s board of directors proposed a final dividend of Rs 6.25/share for FY22, setting the record date for determining shareholders' eligibility at May 28, 2022, and its stock will go ex-dividend on May 26.

The building material company Visaka Industries (NS: VSKI ) will go ex-dividend today. It had announced a final dividend of Rs 8/share for the last fiscal year.

The realty major Oberoi Realty 's (NS: OEBO ) board will consider going for a preferential issue on Thursday stated an ET report.

Davangere Sugar Company will go ex-rights today, and the manufacturing studio Vinny Overseas (NS: VINN ) will go ex-bonus, as its board had announced a bonus issue of 1:10.

Further, companies Sayaji Industries (BO: SAYJ ) and INEOS Styrolution India (NS: INEO ) will conduct their annual general meetings (AGMs) today.

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