Stock Market Today: Tata group's Tata Technologies on Monday, May 19, set the record date for determining the eligible shareholders to receive the final dividend of ₹11.70 per equity share. The company has fixed June 16, 2025, as the record date for the dividend.
At its meeting on April 25, 2025, the Board of Directors of Tata Technologies recommended a final dividend of ₹8.35 and a one-time special dividend of ₹3.35 per share, amounting to ₹11.70, of face value of ₹2 each for the fiscal year ending March 31, 2025, subject to the shareholder approval at the company's annual general meeting (AGM).
Tata Technologies thereby on Monday, May 19, announced that the 31st AGM of the company will be held on Monday, June 23, 2025, at 02:30 pm (IST) through Video Conferencing (‘VC’) or other audio-Vvsual means, in accordance, with the relevant circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India (‘SEBI’).
Tata Technologies on Monday also announced that it has fixed Monday, June 16, 2025, as the ‘Record Date’ for the purpose of determining the entitlement of members to receive the aforesaid dividend for the financial year ended March 31, 2025.
Record date implies that shareholders who wish to benefit and receive dividends from a company need to buy shares of the company at least a day prior to the record date for their names to appear in the list of eligible shareholders to receive dividends, as per the T+1 settlement procedure.
Tata Technologies share price opened at ₹757.25, higher than the previous day's closing price of ₹751.15. Tata Technologies share price surged further to intraday high of ₹776.80, which translated into gains of almost 3.5%.
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