Reliance Industries’ 49th AGM is set for June 19, 2026, and investors are closely watching for updates on the Jio Platforms IPO, retail expansion, and new energy business roadmap. The AGM comes after another year of strong financial performance, with Reliance continuing its shift toward a consumer and technology-led conglomerate. Here’s what investors should track and why this AGM matters for the next phase of growth.

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Trent has fixed Friday, May 29, 2026 as the record date to determine shareholders eligible for its first-ever bonus share issue in a 1:2 ratio. In an exchange filing, the Tata Group retail company said shareholders will receive one bonus equity share for every two fully paid-up equity shares held as on the record date, subject to statutory and regulatory approvals, including shareholder approval through a postal ballot.

The announcement follows Trent’s earlier disclosure of the bonus issue alongside its Q4 results and a Rs 6 dividend. The company had at the time indicated that the record date would be announced separately.

The bonus issue marks a milestone for the Westside and Zudio parent, which has never issued bonus shares before. As part of the plan, Trent will issue around 17.77 crore equity shares of Re 1 face value each, capitalising a portion of its share premium reserves.

The company expects to complete the allotment of these bonus shares by June 21, drawing from its share premium pool, which stood at over Rs 1,900 crore as of March-end FY26.

A bonus issue involves distributing additional shares to existing shareholders at no extra cost, typically reflecting a company’s confidence in its financial position and growth outlook. While the move increases the total number of outstanding shares, it does not alter the company’s overall market capitalisation. However, it tends to improve stock liquidity and makes shares more accessible to retail investors.

Only those shareholders holding Trent shares as of May 29 will be eligible to receive the bonus allotment.

Trent reported a 26% growth in its consolidated net profit for the quarter ended March 31, 2026, at Rs 400 crore versus Rs 318 crore in the year-ago period. Its revenue from operations, meanwhile, rose 19% YoY to Rs 5,028 crore in Q4 FY26.Further, Trent has also earlier approved the plan to raise additional funds through the issue of equity shares via rights issue or other methods. The company announced an Employee Stock Option Plan (ESOP) to issue nearly 8.89 lakh shares to its eligible shareholders.

State-run Chennai Petroleum Corporation’s board on Thursday announced an interim dividend of Rs 8 per share for the financial year 2025-26. The company set Thursday, April 2 as the record date to determine which shareholders will be eligible to receive the dividend.

The interim dividend will be paid to the eligible shareholders on or before April 25, 2026, a company filing to the exchanges said.

Shares of Chennai Petroleum ended with minor gains (0.21%) on the NSE at Rs 1,000.

Chennai Petroleum shares are market outperformers, delivering returns of over 60% in the past year. The rally comes amid volatile and largely weak market conditions. The Broader Nifty is down over 1% while the BSE Sensex is 3% lower in the same period.

Its shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 914 and Rs 818, respectively, according to Trendlyne data.

Chennai Petroleum Corporation (CPCL), formerly known as Madras Refineries Limited (MRL) was formed as a joint venture in 1965 between the Government of India (GOI), AMOCO, and National Iranian Oil Company (NIOC). The present shareholders are IOCL, NICO, and others holding 51.89%, 15.40%, 32.71% shares respectively.

Also read: Dividend alert! TVS Holdings announces Rs 86 interim dividend; check record date

Dividend history

Chennai Petroleum has declared 17 dividends since Aug. 12, 2004, Trendlyne data revealed. In the past 12 months, Chennai Petroleum has declared an equity dividend amounting to Rs 5 per share. At the current share price of ₹1003.3500, Chennai Petroleum’s dividend yield is 0.50%.

The company reported a stellar set of numbers in Q3FY26. The company posted a consolidated net profit of Rs 1,002 crore in the December-ended quarter, a growth of 4720% YoY. In the corresponding period of the last financial year, the profit after tax (PAT) stood at Rs 21 crore.

The total revenue in the quarter under review stood at Rs 15,712 crore, recording a YoY growth of 21.5% over Rs 12,930 crore in Q3FY25.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

Sadanand Date assumed charge as Executive Director at Sebi on March 4 to head the investigations department, the markets regulator said on Friday.

Date is a 2007-batch IPS officer of the Uttarakhand cadre.

Prior to joining Sebi, he was on central deputation to the Central Bureau of Investigation (CBI), where he served in several key roles, including Superintendent of Police in the Anti-Corruption Branch (ACB) and Bank Securities and Fraud Cell (BSFC), the regulator said in a statement.

He also headed multiple branches in Mumbai, including the Economic Offences Branch, Special Crime Branch, Special Task Branch and Anti-Corruption Branch.

During his tenure with Uttarakhand Police, Date held several leadership positions and served as Superintendent of Police or Senior Superintendent of Police in various districts, such as Uttarkashi, Nainital, Haridwar, Udham Singh Nagar and Dehradun.

He also briefly served as Inspector General (Headquarters) and Director (Traffic) before moving to Sebi.

Date is a medical graduate and holds an MBBS degree from Grant Medical College & Sir JJ Group of Hospitals, Mumbai. He also holds a Master’s degree in Police Management from Osmania University, along with MA (Economics), LLB and LLM degrees from the University of Mumbai.

In addition, he is a Certified Fraud Examiner (CFE). He is also a recipient of the President’s Police Medal for Meritorious Service.

State-run Engineers India Limited’s (EIL) board of directors will meet on Thursday, February 26, to consider the second interim dividend for the financial year 2025-26. It has fixed Friday, March 6 as the record date to determine the eligibility of shareholders who will receive the dividend.

The announcement was made after market hours and EIL shares today ended 5% lower at Rs 215.25 on the BSE amid profit booking following a 19% rally in the past two trading sessions. On Monday, the stock closed with 6% gains.

The PSU company reported an over 3-fold on-year jump in net profit to Rs 302 crore for the third quarter ended December 31, 2025, driven by strong execution and higher revenues. The net profit of Rs 301.73 crore in October-December — the third quarter of the current 2025-26 financial year — compared to Rs 88.1 crore earnings in the same period of the previous fiscal, the company said in a statement.

In an investor presentation, EIL said while pre-tax earnings from the consultancy business were largely unchanged at Rs 104.3 crore, those from executing turnkey contracts surged to Rs 273.68 crore in Q3 from Rs 18.92 crore a year back.

Turnover rose 59% to Rs 1,194 crore as revenue from the turnkey business doubled.

For the nine months ended December 31, 2025, net profit more than doubled to Rs 487 crore, while revenue from operations increased 45% to Rs 2,951 crore.

Dividend history for EILAccording to Trendlyne data, Engineers India has declared 44 dividends since September 12, 2003. In the past 12 months, it has declared an equity dividend amounting to Rs 3 per share and at the current share price of Rs 215.25, its dividend yield is 1.39%.

The stock has been a market outperformer with 34% returns over a 1-year period. In the past three years, its prices have jumped nearly 180%.

The stock witnessed a bulk deal on Monday, where BofA Securities bought nearly 46 lakh shares of the PSU major for around Rs 100 crore.

EIL, a leading Indian public sector engineering consultancy & technology licensing company had a bought these shares through its affiliate BofA Securities Europe SA. The shares were bought at a price of Rs 217.06 apiece, which was an 8% premium over the Friday closing price of Rs 201.67.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

The maker of Maggi noodles Nestle India on Friday said its board had declared an interim dividend of Rs 7 per equity share for the financial year 2025-26, alongside reporting a 45% jump in consolidated net profit for the December quarter.

The dividend will be paid from February 26 to shareholders whose names appear on the company’s register as of the record date, February 6, the company said in a regulatory filing.

Strong quarter underpins payout

Nestle India reported a consolidated net profit of Rs 998 crore for the third quarter ended December 2025, compared with Rs 688 crore a year earlier. Revenue from operations rose 19% to Rs 5,667 crore from Rs 4,780 crore in the corresponding period last year, reflecting broad-based growth across categories.The interim dividend of Rs 7 per share is declared on the company’s entire issued, subscribed and paid-up equity share capital of 1,928,314,320 shares of face value Re 1 each, according to the company’s results press release.

Volume-led recovery

Commenting on the performance, Manish Tiwary, chairman and managing director of Nestle India, said: “I am pleased to share that this quarter, Nestle India saw robust, broad-based volume led sales growth of 18.5%, resulting in our highest-ever quarterly turnover of Rs 5,643.5 crore and the strongest volume growth in nearly five years.”

Tiwary added that the performance was “attributed to strategic investments in increasing capacity and building our brands, supported by a market recovery following GST benefits,” and noted that consumer-focused media and advertising spending rose 42% year on year during the quarter.He said the quarter demonstrated the company’s “resilience and adaptability in a competitive market,” adding that growth was driven by faster decision-making and “the positive momentum from GST rate rationalization”.

Broad-based category growth

Nestle India said all four of its product groups delivered positive, volume-led growth during the quarter, with three reporting robust double-digit growth. Confectionery was the fastest-growing segment, while the powdered and liquid beverages business recorded its 18th consecutive quarter of double-digit sell-out growth.

The company also flagged strong momentum across channels, including general trade, e-commerce and its out-of-home business, Nestle Professional, while exports posted high double-digit growth, led by coffee.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

ICICI Prudential AMC is set to launch its initial public offering on December 12, opening one of the largest IPOs in the financial services sector this year. The issue will remain open until December 16, with anchor investors participating a day earlier on December 11.

This is a pure offer for sale by Prudential Corporation Holdings, meaning ICICI Prudential AMC itself will not receive any funds from the IPO. The company is offering 4.90 crore equity shares, which translates to roughly 9.9% of its paid-up equity, with the estimated issue value at the upper end coming to about Rs 10,600 crore. The price band has been fixed at Rs 2,061 to Rs 2,165 per share.

Investors will be able to bid in a minimum lot of six shares, with the final ticket size dependent on the lot confirmation in the RHP. Shares will be allocated on December 17, refunds and demat credits will be completed on December 18, and trading will begin on December 19 on both the NSE and BSE.

The quota structure follows the standard book-building pattern, with 50% reserved for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors.

Shareholders quota and cut-off data

The IPO has a dedicated shareholder quota for ICICI Bank shareholders. Around 24.5 lakh shares have been earmarked for investors who hold ICICI Bank shares as of the cut-off date mentioned in the RHP. This is expected to draw interest, as shareholder categories often see higher participation due to better allotment visibility.

Business overview

ICICI Prudential AMC enters the market as India’s second-largest asset manager by quarterly average AUM, managing Rs 10.87 lakh crore as of September 2025. The company runs more than 140 mutual fund schemes across equity, debt, hybrid, passive and solution-oriented products.

It also operates PMS and ETF businesses, catering to a diverse investor base of 1.5 crore individuals. The AMC is a joint venture between ICICI Bank and Prudential Corporation of the UK. After the sale, ICICI Bank will retain 51% ownership, while Prudential’s stake will fall from 49% to nearly 39%.The company’s financial performance shows strong momentum. Revenue grew 32% in FY25 compared with the previous year, while profit after tax rose 29% to Rs 2,650.66 crore. As of September 2025, ICICI Prudential AMC reported half-year revenue of Rs 2,949.61 crore and profit of Rs 1,617.74 crore.

Its asset base also expanded sharply, rising to Rs 4,827.34 crore by September. The increase in profitability reflects operating leverage in the asset management business, where rising AUM and higher equity participation improve margins.

The industry backdrop remains favourable. With the financialisation of household savings accelerating, mutual funds continue to gain acceptance across urban and semi-urban India. ICICI Prudential AMC enjoys leadership in active equity AUM, and its wide product suite positions it to capture the next leg of growth in ETFs, asset allocation products, and long-term SIP flows.

The business carries high operating margins and low capital requirements, features that typically attract long-term investors.

Hindustan Unilever (HUL) has set December 5, 2025, as the record date for the demerger of its ice-cream business into a new entity — Kwality Wall’s (India) Limited (KWIL).

This date will determine the eligible HUL shareholders entitled to receive KWIL equity shares and the demerger scheme itself is scheduled to become effective on December 1, 2025.

The FMCG major had announced about the demerger in January 2025 and received regulatory approvals from BSE and NSE in May.

Through the demerger, the HUL aims to unlock additional value by separating the high-growth segment from its core FMCG operations.

Following the demerger, The Magnum Ice Cream Company will acquire 61.9% of Kwality Wall’s (India) Limited from the Unilever Group.

Popular ice cream brands like Cornetto, Magnum, Feast and Creamy Delight are owned and operated by Kwality Wall’s.The FMCG bellwether reported a consolidated net profit of Rs 2,685 crore for Q2 FY26, up 3.6% from Rs 2,591 crore in the same quarter a year ago. The PAT figure is attributable to the owners of the company. Company’s profit after tax (PAT) for the quarter increased primarily due to a one-off exceptional gain of Rs 273 crore, resulting from the resolution of tax matters from prior years between UK and Indian authorities.HUL’s revenue from operations saw an increase of 2% to Rs 16,241 crore for the quarter ended September 30, up from Rs 15,926 crore in the same quarter of the previous fiscal. EBITDA for the quarter stood at Rs 3,729 crore, slightly lower than Rs 3,793 crore reported in Q2FY25. The EBITDA margin declined by 90 basis points to 23.2%, the company said in a regulatory filing on October 23.

Tata Motors Commercial Vehicle (TMCV) arm will list on the exchanges on November 12. The new entity will trade in the T Group of Securities. According to the BSE notice, 368 crore equity shares of face value Rs 2 each will be admitted to trading under the ticker TMCV. The stock will remain in the trade-for-trade segment for the first 10 sessions, a standard listing rule for new or relisted companies.

The listing completes a landmark restructuring that split Tata Motors into two independent listed companies, one focused on commercial vehicles and the other on passenger vehicles, electric vehicles (EVs), and Jaguar Land Rover (JLR).

The demerger took effect on October 1, with a 1:1 share entitlement ratio, meaning investors received one share in the CV business for every Tata Motors share held as of the record date, October 14.

Under the approved scheme of arrangement, the CV business retains the Tata Motors name, while the newly formed Tata Motors Passenger Vehicles Ltd (TMPV) will house the domestic car, EV, and JLR divisions.

Analysts see the separation as a major value-unlocking and governance milestone for the Tata Group’s flagship automaker. The move is part of Tata Motors plan to grant operational independence to both divisions, allowing each to pursue distinct growth priorities.

The PV arm will now focus on premium and electric mobility, while the CV entity — spanning trucks, buses, and defense vehicles — will drive growth in logistics, infrastructure, and fleet electrification.Following the record date adjustment, Tata Motors pre-demerger stock price of Rs 660.75 was split between the two entities, with TMPV valued around Rs 400 per share and the yet-to-list CV arm implied at Rs 260-270 per share.Brokerages remain largely positive on the CV listing. Nomura has pegged fair values for TMPV and TMLCV at Rs 367 and Rs 365 respectively, while SBI Securities sees the CV arm’s value between Rs 320-470 per share, factoring in growth from the planned acquisition of Italy’s Iveco Group’s commercial vehicle operations.

For Tata Motors, the move marks the culmination of a multi-year restructuring to simplify its business architecture and align its legacy commercial division with a global product and technology roadmap.

The Supreme Court has ordered that the Fundamental Rights petition filed by former Minister Rishad Bathiudeen — challenging his arrest and detention under a detention order in 2021 without any justifiable reason — be taken up for hearing on March 25, 2026.

The petition was called today before a three-judge bench of the Supreme Court comprising Justices Shiran Gunaratne, Achala Wengappuli, and Priyantha Fernando, Ada Derana reporter said.

During the proceeding, the bench ordered that the petition be scheduled for hearing on March 25, 2026.

Former Minister Rishad Bathiudeen filed the fundamental rights petition seeking a declaration that his fundamental human rights had been violated due to his unlawful arrest and detention by the Criminal Investigation Department (CID) during the tenure of former President Gotabaya Rajapaksa, without any justifiable cause.