Dividends and stock split: five Indian firms set record dates for October 23
LTM, IRFC, Modison, Tech Mahindra and Azad India Mobility announced dividends, a stock split or a bonus issue, with key record dates on October 23, 2026.
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what happened
According to Moody's, shares of five Indian companies, LTM, IRFC, Modison, Tech Mahindra and Azad India Mobility, are likely to draw investor attention on Thursday, October 22. LTM, Modison and Tech Mahindra have announced interim dividends, IRFC has declared a second interim dividend for FY27. Azad India Mobility proposed a 1:5 stock split, and Tech Mahindra recommended a 1:1 bonus issue.
Investors must hold the shares before the record date to receive the payout. Under India's T+1 settlement cycle, purchases made on or after the record date do not qualify for the dividend. LTM's dividend is Rs.25 per share, IRFC's second interim is Rs.1.15, Modison's is Rs.4 and Tech Mahindra's is Rs.15. LTM, Modison, Tech Mahindra and Azad India Mobility all fixed record dates around October 23, 2026.
why it matters
For the broader market these are mostly company-specific corporate actions affecting shareholders of five firms rather than the index as a whole. The exact record date matters most, since it determines who receives the payout. Tech Mahindra's bonus issue and Azad India Mobility's split change the number of shares held but do not by themselves change the value of a holding.
market impact
Indian shares LTM, IRFC, Modison, Tech Mahindra, Azad India Mobility: dividend and split events, effect limited to these stocks
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sources
- Dividend, stock split: Last chance to buy today - LTM, IRFC, Modison, TechM and Azad India Mobility shares — Moody's, 21 October 2026 at 21:34 UTC
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