Tata Elxsi share price in focus as stock to trade ex-dividend today for ₹75 per share payout

Dividend Stock: Tata Elxsi share price will remain in focus on Wednesday as the stock will trade ex-dividend today, June 11.

Tata Elxsi had set June 11, 2025, as the record date for identifying the list of eligible shareholders to receive the dividend.

Record date for June 11 implies that the investors who wish to benefit from the dividend payout announced by the company should have bought shares of Tata Elxsi at least one day before the record date, as per T+1 settlement procedure, for their names to appear in the list of eligible shareholders to receive the dividend payout.

As per a release by Tata Elxsi, dividends on shares held in physical form will be paid to members whose names are included in the Register of Members as of Wednesday, June 11, 2025, at the end of work hours. Dividends on shares held in demat form will be paid to members whose names are included in the list of beneficial owners provided by the Depositories as of Wednesday, June 11, 2025, at the end of business hours.

Tata Elxsi Dividend Payout Details

At its meeting on April 17, 2025, the company's board of directors proposed that members approve a dividend of ₹75 each equity share with a face value of ₹10 apiece at the 36th annual general meeting. The announcement amounted to a 750% dividend considering the face value of shares.

Tata Elxsi AGM Details

The company had announced that on Wednesday, June 25, 2025, the company's 36th Annual General Meeting (AGM) will take place by video conference or other audio-visual means.

If authorised, the dividend will be paid by June 30, 2025, at the latest, after the following tax deductions are made at the source.

Tata Elxsi's share price on Tuesday had closed 1.10% higher on the BSE at ₹6703.50.

Tata Elxsi Technical view

"Tata Elxsi has witnessed a strong upside in recent times which is in line with the performance seen in many of the IT names, said Gaurav Bissa VP - InCred Equities. The RSI at the current levels has entered in an overbought zone which makes buying lucrative on dips towards ₹6350 levels where its 200dema is likely lend a strong support and price will also retest swing breakout making risk reward lucrative for a short term trade, added Bissa

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