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…questioned GAMCO’s legality under the Electricity Act 2023. Abuja, Nigeria — The iNews Times reports that the GAMCO establishment in Nigeria to fix the national grid and tackle persistent blackouts has generated controversy among electricity experts. The Federal Executive Council (FEC) approved the move during its meeting on Wednesday. Announcing the approval, Minister of Information and…

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The Bombay Stock Exchange (BSE) will witness significant corporate actions on March 21, 2025, as 11 companies implement previously announced dividends, stock splits, bonus issues, and other adjustments. This date marks the ex-date and record date for determining shareholder eligibility across these events. Below is a detailed breakdown:

Dividend Declarations

1.     NMDC Ltd:

India’s largest iron ore producer will process its first interim dividend for FY25 at ₹2.30 per share.

Record date: March 21, 2025; payment scheduled for April 16.

Historically, NMDCdeclared dividends of ₹7.25 (FY24), ₹5.91 (FY23), and ₹14.74 (FY22) per share, with yields ranging between 3.6–9%.

2.     Indian Railway Finance Corporation (IRFC):

IRFCDeclared a second interim dividend of ₹0.80 per share for FY25.

Payment date: April 16. The company paid ₹1.50 per share in FY24 and FY23, with yields historically at 6–9%.

3.     AccelerateBS India Ltd:

AccelerateBS India Interim dividend of ₹0.80 per share; record date aligned with March 21, 2025.

4.     CG Power and Industrial Solutions:

Announced a ₹1.30 per share interim dividend, though its record date is set for March 22, 2025, with payment on April 16.

Bonus Share Issuances

1.     Greenlam Industries:

Greenlam First-ever 1:1 bonus issue (1 new share for every 1 held).

Previously executed a stock split (₹5 to ₹1) but never issued bonus shares.

2.     Gamco Ltd:

Gamco Ltd Bonus shares in a 5:4 ratio (5 new shares for every 4 held). Shares have a face value of ₹2 each.

3.     Roni Households:

Roni Households 1:1 bonus issue (1 new ₹10 face-value share for each existing share). Approved via EGM on February 19.

Stock Splits

Four companies will execute splits to enhance liquidity, reducing face value from ₹10 to ₹1 per share:

Last Mile Enterprises

Shukra Pharmaceuticals

Softrak Venture Investment

Optimus Finance

Additional Corporate Updates

·         Rathi Graphic Technologies:

March 21 is the record date for its resolution plan, which includes a suspension of shares.

Market Implications

Ex-Date Impact: Shares of NMDC, IRFC, AccelerateBS, and CG Power will trade ex-dividend, while Greenlam, Gamco, and Roni Households will trade ex-bonus. Split-adjusted trading begins for the four firms reducing face value.

Historical Context: NMDC’s recent 2:1 bonus issue (December 2024) and Greenlam’s stock split history highlight ongoing efforts to enhance shareholder value.

These actions reflect strategic moves by companies to reward investors, improve affordability, and align with regulatory requirements. Shareholders are advised to confirm eligibility ahead of the record date to benefit from these corporate actions.

This information is for educational purposes only and does not constitute investment advice. Investors should conduct independent research before making financial decision.