Six Indian companies will trade ex-date on June 29, 2026, for dividends, share buybacks, and capital reduction. Investors must purchase these shares before the ex-date to be eligible for these corporate benefits.
What Happened
Investors are preparing for a busy day of corporate actions on Monday, June 29, 2026. Six companies—Jyothy Labs, Kajaria Ceramics, Kansai Nerolac Paints, Kalpataru Projects International, Raymond Lifestyle, and Kedia Construction—will see their shares trade ex-date. This date is critical because it determines which shareholders are eligible for upcoming payouts like dividends, buybacks, or structural changes.
Dividends and Buybacks Explained
Most of these events involve final dividend payouts for the financial year. Kalpataru Projects International is set to offer a dividend of ₹11 per share. Jyothy Labs has declared a dividend of ₹3.50 per share, while Kansai Nerolac Paints will offer ₹2.50 per share. Raymond Lifestyle's board has recommended a final dividend of ₹1 per share.
Beyond dividends, Kajaria Ceramics is grabbing attention with a share buyback program. The company has approved a buyback at ₹1,380 per share, aiming to reduce its outstanding equity shares. In a different type of corporate move, Kedia Construction Company is undergoing a capital reduction as part of a restructuring plan, which changes its share capital structure.
Why Investors Must Act By Today
For investors, the ex-date (June 29) is the cutoff point. In the current T+1 settlement cycle, an investor must buy the shares before the ex-date to have their name in the company's records on the record date. Since June 29 is a Monday, purchasing shares on or before Friday, June 26, is essential to ensure the shares are credited to the demat account by the record date.
If you buy shares on the ex-date (June 29) or later, you will not be eligible for the declared dividend or the buyback offer.
How The Share Price Changes
Investors should keep in mind that on the ex-date, a company’s stock price typically adjusts downward by the amount of the dividend paid. For instance, if a stock pays a dividend of ₹10 and closes at ₹500 on the day before the ex-date, it may open slightly lower on the morning of the ex-date, adjusted for that ₹10 payout. This is a technical adjustment and not a reflection of the company's business performance. Similarly, buyback announcements can sometimes influence price movement depending on the market's reception of the offer price compared to the current trading price.
What To Watch Next
After the ex-date, the main focus for investors shifts to the payment dates, which are often communicated by companies in their exchange filings. For most of these dividends, payments are expected in July 2026, subject to shareholder approval at upcoming Annual General Meetings (AGMs). Shareholders should watch for official company announcements regarding the specific payment schedule and any further details on the buyback process.