Loading market data...
As many as 11 Indian stocks including PI Industries, AK Capital Services, Angel One, NBCC, and Infobeans Technologies will turn ex-date between February 23–27, 2026. The week features Rs 27 dividend payouts, a 3:1 bonus issue, 1:10 stock splits, and multiple rights issues. Check the complete ex-date list, dividend details, bonus ratios, and corporate action breakdown before investing.
The upcoming trading week is set to witness heightened activity in the Indian stock market as 11 listed companies across sectors such as chemicals, capital markets, infrastructure, IT services, metals, and FMCG approach their respective ex-dates. These corporate actions include interim dividends up to Rs 27 per share, a 3:1 bonus issue, a 1:10 stock split, and multiple rights issues. For investors tracking dividend income, capital restructuring opportunities, and liquidity-driven price movements, the February 23–27 window could be strategically important.
The ex-date plays a decisive role in determining shareholder eligibility. Investors must hold shares before the ex-date to qualify for dividends, bonus shares, or stock split benefits. Any purchase on or after the ex-date does not entitle the buyer to these benefits because settlement occurs after the record date under the T+1 cycle. This often leads to price adjustments on the ex-date reflecting the value of the announced benefit.
The following table captures the full list of companies going ex-date next week along with the nature of the corporate action.
| Stock Name | Corporate Action | Ex-Date |
|---|---|---|
| PI Industries Ltd | Interim Dividend – Rs 5 per share | February 23, 2026 |
| AK Capital Services Ltd | Interim Dividend – Rs 22 per share | February 24, 2026 |
| Hilton Metal Forging Ltd | Rights Issue | February 24, 2026 |
| Padam Cotton Yarns Ltd | Rights Issue | February 24, 2026 |
| Steelco Gujarat Ltd | Rights Issue | February 24, 2026 |
| Fynx Capital Ltd | Stock Split (Rs 10 to Rs 1) | February 25, 2026 |
| NBCC (India) Ltd | Interim Dividend – Rs 0.12 per share | February 25, 2026 |
| Angel One Ltd | Stock Split (Rs 10 to Rs 1) | February 26, 2026 |
| Stratmont Industries Ltd | Interim Dividend – Rs 0.10 per share | February 26, 2026 |
| Infobeans Technologies Ltd | Bonus Issue 3:1 | February 27, 2026 |
| Spice Islands Industries Ltd | Interim Dividend – Rs 0.50 per share | February 27, 2026 |
Dividend announcements remain a strong signal of cash flow strength and management confidence. AK Capital Services has declared one of the highest payouts at Rs 22 per share, while PI Industries has announced Rs 5 per share. Though NBCC’s dividend appears small at Rs 0.12 per share, PSU dividend announcements often attract income-focused investors tracking steady yield plays.
The following dividend summary gives a quick comparison of payout intensity.
| Company | Dividend (Rs per Share) | Category |
|---|---|---|
| AK Capital Services | 22.00 | High payout |
| PI Industries | 5.00 | Moderate payout |
| Spice Islands Industries | 0.50 | Small-cap payout |
| NBCC (India) | 0.12 | PSU dividend |
| Stratmont Industries | 0.10 | Micro-cap payout |
Stock splits and bonus issues are typically liquidity-enhancing corporate actions. Angel One and Fynx Capital are executing a 1:10 stock split, reducing face value from Rs 10 to Rs 1. Such actions increase the number of outstanding shares, improve affordability for retail investors, and often enhance trading volumes. Meanwhile, Infobeans Technologies’ 3:1 bonus issue means shareholders will receive three additional shares for every one share held, effectively quadrupling share count while proportionally adjusting price.
Here is a quick structural comparison of the equity restructuring actions.
| Company | Action Type | Impact on Share Count |
|---|---|---|
| Angel One | 1:10 Stock Split | 10x increase in shares |
| Fynx Capital | 1:10 Stock Split | 10x increase in shares |
| Infobeans Technologies | 3:1 Bonus Issue | 4x total shares |
Rights issues announced by Hilton Metal Forging, Padam Cotton Yarns, and Steelco Gujarat signal capital raising for expansion, debt reduction, or working capital requirements. Rights issues allow existing shareholders to purchase additional shares at a discounted price in proportion to their holdings, thereby preventing dilution if they participate.
From a market behavior perspective, stocks often witness increased volatility before ex-date due to positioning by short-term traders and dividend capture strategies. On the ex-date, prices typically adjust downward by the dividend amount or reflect structural recalibration in the case of splits and bonus issues. However, long-term investors focus more on underlying earnings growth, cash flow sustainability, and balance sheet strength rather than short-term price adjustments.
The week ahead could therefore see sector-specific activity across chemicals, brokerage, infrastructure, IT services, metals, textiles, and FMCG counters. For retail participants and portfolio managers, monitoring volumes, delivery percentage, and institutional participation will be key to assessing post-ex-date price stability.
Understanding the significance of ex-date mechanics is critical in equity investing. The timeline works as follows:
| Event | Meaning |
|---|---|
| Announcement Date | Company declares corporate action |
| Ex-Date | Shares trade without entitlement |
| Record Date | Company finalizes eligible shareholders |
| Payment Date | Dividend credited or shares allotted |
In the current T+1 settlement cycle in Indian markets, investors must purchase shares at least one trading day before the ex-date to qualify.
As India’s equity markets continue to attract both domestic SIP flows and foreign portfolio interest, corporate action weeks often generate strong participation. With dividend yields, capital restructuring, and rights opportunities all converging in a single week, February 23–27 could become one of the most actively tracked corporate action windows of the quarter.
For investors seeking dividend income, equity expansion opportunities, or liquidity-driven trading setups, these 11 stocks may remain under the spotlight in the coming sessions.
The ex-date is the date when a stock begins trading without the benefit of a declared dividend, bonus issue, or stock split. Investors must own the stock before this date to receive the benefit.
No. If you buy shares on or after the ex-date, you are not eligible for the dividend because the seller retains the entitlement.
In a stock split, the number of shares increases while the price per share adjusts proportionally. The overall market capitalization remains unchanged.
A 3:1 bonus issue means shareholders receive three additional shares for every one share held, increasing total shareholding fourfold.
Companies issue rights shares to raise fresh capital from existing shareholders for expansion, debt repayment, or operational funding.
On the ex-date, the stock price typically adjusts downward by the dividend amount. However, overall movement depends on market sentiment and demand-supply dynamics.
This article is for informational purposes only and does not constitute investment advice. Investors should conduct independent research before making financial decisions.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
Credentials: Experienced financial journalist with expertise in equity markets and economic analysis
The information provided in this article is for educational and informational purposes only and should not be construed as financial, investment, or legal advice. Finscann does not provide personalized investment recommendations.
For detailed terms and conditions, please read our Disclaimer and Terms of Service.
Apple's gearing up for a significant shift in its laptop lineup with the anticipated launch of its first touch-enabled MacBook Pro series, expected...
RBI’s February 2026 draft norms impose 100% refund liability, ban kickbacks, and tighten suitability rules to curb ULIP mis-selling.
Discover why Indian markets are surging, with Sensex gaining 500 points, even as the IT sector faces headwinds.
Indian IT majors Infosys and TCS lead a strong rebound, jumping up to 5% in February 2026 after a five-day rout fueled by AI disruption fears.
Stock market preview for February 25, 2026: Key stocks to watch including TechSolutions India, Bharat Bank, and GreenEnergy Manufacturers.