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Three Stocks Set for Corporate Actions; Record Date October 8
Three companies have announced different changes involving their shares.
October 8 is the date used to decide which shareholders can take part.
The article says investors needed to buy the shares by October 7 to qualify.
Bhagyanagar India plans to separate its copper business into a new listed company called Tieramet Limited.
Eligible Bhagyanagar India shareholders are set to receive one Tieramet share for each Bhagyanagar India share.
Shankara Buildpro plans to turn each ₹10 share into five shares worth ₹2 each.
This changes the number of shares, but the article says it does not change the overall value of an investor’s holding.
Shardul Securities plans to buy back up to 1.92 crore shares for ₹60 each.
Its shareholders approved the buyback at the company’s annual meeting on September 25, 2026.
Bhagyanagar India, Shankara Buildpro and Shardul Securities set October 8 as the record date for their respective corporate actions.
The article says October 7 is the last date to buy shares to qualify for the actions.
Bhagyanagar India shareholders are set to receive Tieramet Limited shares in a 1:1 ratio as its copper business is demerged.
Shankara Buildpro approved a 1:5 split, converting each ₹10 share into five shares with a face value of ₹2 each.
Shardul Securities approved a buyback of up to 1.92 crore shares at ₹60 apiece, capped at ₹115.20 crore.
- Who
- Bhagyanagar India, Shankara Buildpro and Shardul Securities, and their shareholders.
- What
- A demerger, a 1:5 stock split and a share buyback have record dates of October 8.
- Where
- The article concerns the three companies and their shareholders; it does not specify a location.
- When
- October 8 is the record date; the article identifies October 7 as the last date to buy shares to qualify. The buyback was approved at an AGM on September 25, 2026.
- Why
- The record date determines which shareholders are eligible for the respective corporate actions.
Key facts
- Record date
- October 8 for all three corporate actions
- Last stated purchase date
- October 7
- Bhagyanagar India action
- Copper business demerger into Tieramet Limited
- Demerger share ratio
- 1 Tieramet share for each Bhagyanagar India share
- Shankara Buildpro split
- One ₹10 share becomes five ₹2 shares
- Shardul Securities buyback
- Up to 1.92 crore shares at ₹60 each; total capped at ₹115.20 crore
- Buyback approval
- Shareholders approved it at the AGM on September 25, 2026
Sources
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