Today's recommended stock investment: Dalmia Bharat, with a share price of ₹2,402.
Business Update: August 30, 2025
Today marks the ex-date for several dividend payouts and significant events in the Indian corporate world.
Dividend Announcements
Triveni Turbine will pay a dividend of Rs 2.0/Sh on Monday. Similarly, Krystal Integrated, Modison Ltd, Elnet Technologies, Bansal Roofing, Triveni Engineering, Prithvi Exchange, and TBZ have set their ex-dates for dividend payouts tomorrow. Radiant Cash, Kirloskar Industries, Kirloskar's CFO Anandh Baheti's resignation effective Aug 29, 2025, and Scoobee Day's right issue of equity shares also take place tomorrow.
Debenture Allotment
H.G. Infra Engineering has allotted Rs. 400 Crore Non-Convertible Debentures on a private placement basis.
Stock Splits and Bonus Issues
Pavna Industries will undergo a stock split from Rs.10/- to Rs.1/- tomorrow. Halder Venture will issue bonus shares of 2:1 ratio on Monday.
Subscriber Losses and Ratings Downgrades
Vodafone Idea reported a net mobile subscriber loss of 349,199 in July. Lokesh Machines Ltd's credit ratings have been downgraded by CARE Ratings Ltd. The long-term bank facilities have been downgraded to CARE BBB-; Stable from CARE BBB; Negative.
Resignations and Appointments
Zenith Drugs Ltd's CFO Neeraj Pandey has resigned, effective from Oct 15, 2025. Wardwizard Foods' Managing Director and Chairperson, Mrs. Sheetal Mandar Bhalerao, has been re-appointed for 3 years, starting September 1, 2025. Simbhaoli Sugars' Independent Director, Mr. Raghav Sharma, has resigned effective Aug 29, 2025.
Jury Verdict and Acquisition
Sterlite Tech's US arm faces a $96.5 million jury verdict in Prysmian Litigation. Lloyds Metals and Energy Ltd has acquired a 19.40% equity stake in Mandovi River Pellets Private Limited.
Credit Ratings Reaffirmation
Titan Company Ltd's credit ratings have been reaffirmed by CARE Ratings. The long-term bank facilities get CARE AAA; Stable rating, while short-term facilities get CARE A1+ rating. Ratnamani Metals, Panama Petrochem, GNFC, Ion Exchange, EPL Ltd, and Ajmera Realty's ex-dates for dividend payouts are also tomorrow.
ASM Network Updates
The following securities have been excluded from the ASM network: Singpost. Elgi Rubber has been included in the long-term ASM network. Muthoot microfin is considering fund raising by issuance of NCDs on a private placement basis.
Other Developments
ONGC is open to buying stakes in overseas oil, gas projects if available at reasonable prices. Uniqlo has opened its first store in Bengaluru at Orion Mall, by Brigade Enterprises. The circuit filter for Jeena Sikho and Stallion India has been changed from 10% to 20%. The circuit filter for Elgi Rubber and Lotus Eye has been changed from 20% to 10%.
This is a brief overview of the significant events happening in the Indian business sector today. Stay tuned for more updates.
