Overview

• Shares of Dr Reddy’s, Diffusion Engineers, Wheels India and LMW turned ex-dividend on July 10, locking in July 9 as the final purchase date under the T+1 settlement cycle.
• Dr Reddy’s board has recommended an Rs 8 per share final dividend for FY25, pending shareholder approval at its AGM before an expected Rs 667 crore distribution around August 23.
• Retail investors holding up to Rs 2 lakh in Dr Reddy’s stock account for 8.12% of equity and stand to receive about Rs 54 crore of the total payout.
• Wheels India, LMW and Diffusion Engineers are each awaiting AGM confirmation for dividends of Rs 7.03, Rs 30 and Rs 1.50 per share respectively.
• The compressed T+1 timeline has intensified trading around record dates and sharpened focus on dividend-capture strategies.