Monthly Corporate Action Tracker - ICICI Directcontent.icicidirect.com/mailimages/IDirect_CorporateActionTracker_May18.pdfLaurus Labs 10/5/2018 Accounts,Dividend Chambal Fert. 10/5/2018

Monthly Corporate Action Tracker

- Dossier of key corporate actions in May, 2018

May 9, 2018

Amit Gupta Bharat Chhoda Cheragh Sidhwa

[email protected] [email protected] [email protected]

Analysts Name:

2

Deal Team – At Your ServiceCorporate Action Tracker- May 2018

Preferential allotment in April 2018

2

3

4

5

Board meetings and AGM for May 2018

Major stakeholder’s activity in April 2018

Stock split and open offer for May 2018

Announced/Probable dividend1

Historical trends of corporate actions6

Companies likely to pay dividend in May 2018

3

Announced dividend

Source: Capitaline, ICICI Direct Research

Among the announced dividend

companies, ACC and JM

Financial have a consistent

dividend yield history

Probable dividend

Company Dividend Face value Dividend Dividend Yield

(%) (|) (|/share) (%)

HCL Technologies 100 2.00 2 0.2 9/5/2018

JM Financial 110 1.00 1.1 0.8 10/5/2018

Hexaware Tech. 50 2.00 1 0.3 14/05/2018

ACC 150 10.00 15 1.0 17/05/2018

Merck 150 10.00 15 0.7 21/05/2018

Ex-date

Company Dividend Face value Dividend Dividend Yield

(%) (|) (|/share) (%)

Godrej Consumer 1200 1.00 12 1.3 16/05/2017

Gillette India 1540 10.00 154 3.2 17/05/2017

P & G Hygiene 3620 10.00 362 4.7 17/05/2017

Castrol India 90 5.00 4.5 2.1 22/05/2017

DCB Bank 5 10.00 0.5 0.3 24/05/2017

Raymond 12.5 10.00 1.25 0.2 25/05/2017

Trident 3 10.00 0.3 0.4 25/05/2017

Gateway Distr. 40 10.00 4 1.7 25/05/2017

St Bk of India 260 1.00 2.6 0.9 26/05/2017

Yes Bank 120 2.00 2.4 0.8 29/05/2017

Last Years

Ex-date


4



2

3

4

5






Board meetings and AGM scheduled in May 2018

5


AGM in May 2018

During May 2018, majority of the companies would be declaring their Q4FY18 and FY18 financial results. In the next three weeks, many large

cap companies like Zee Entertainment, Titan Company, Asian Paints, Nestlé, Hindustan Unilever and Lupin are expected to declare their

quarterly results. Also, Nestlé is holding its AGM while Tata Communication is holding its EGM in the second week of May.

Key Highlights

Board meetings in May 2018


Company name Event Date Event Type Event Location

ITD Cem 10/5/2018 AGM Mumbai

Nestle India 10/5/2018 AGM New Delhi

Tata Comm 10/5/2018 EGM Mumbai

BITS 10/5/2018 EGM New Delhi

Rain Industries 11/5/2018 AGM Hyderabad

Company Name Meeting Date Board Meeting purpose

Nitin Spinners 10/5/2018 Dividend,Quarterly Results

KDDL Ltd 10/5/2018 Dividend,Quarterly Results

Udaipur Cement 10/5/2018 Quarterly Results,Conversion

RSWM Ltd 10/5/2018 Accounts,Quarterly Results

Guj. Borosil 10/5/2018 Accounts,Quarterly Results

Bharat Bijlee 10/5/2018 Accounts,Dividend

Volt.Transform. 10/5/2018 Quarterly Results,Dividend

Novartis India 10/5/2018 Quarterly Results,Final Dividend

Kennametal India 10/5/2018 Quarterly Results,Interim Dividend

Elantas Beck 10/5/2018 Quarterly Results

PSP Projects 10/5/2018 Accounts,Quarterly Results,Final Dividend

Welspun Enterp 10/5/2018 Accounts

Ingersoll-Rand 10/5/2018 Accounts

Poly Medicure 10/5/2018 Accounts,Dividend

Quick Heal 10/5/2018 Accounts,Dividend

T.V. Today Netw. 10/5/2018 Quarterly Results,Dividend

ITD Cem 10/5/2018 Quarterly Results

Navneet Educat. 10/5/2018 Quarterly Results,Dividend

Shankara Build. 10/5/2018 Dividend,AGM,Raising of Capital,Preferential Issue

C P C L 10/5/2018 Accounts,Dividend

Ujjivan Fin.Ser. 10/5/2018 Accounts,Dividend,Quarterly Results

Laurus Labs 10/5/2018 Accounts,Dividend

Chambal Fert. 10/5/2018 Accounts,Dividend

Fortis Health. 10/5/2018 Raising funds through Debt Instr.

Board meetings in May 2018


B H E L 29/05/2018 Quarterly Results

M & M 29/05/2018 Dividend,AGM,Accounts

Ultramarine Pig. 30/05/2018 Accounts,Dividend

Technocraf.Inds. 30/05/2018 Accounts

Mishra Dhatu Nig 30/05/2018 Dividend

La Opala RG 30/05/2018 Dividend

Bharat Dynamics 30/05/2018 Accounts,Final Dividend

V-Guard Inds. 30/05/2018 Quarterly Results

EIH 30/05/2018 Accounts,Dividend

Info Edg.(India) 30/05/2018 Quarterly Results


Board meetings scheduled in May 2018

6


Board meetings in May 2018 Board meetings in May 2018



Akzo Nobel 10/5/2018 Dividend,Accounts

KRBL 10/5/2018 Quarterly Results,Final Dividend

Union Bank (I) 10/5/2018 Accounts,Quarterly Results

TI Financial 10/5/2018 Accounts

Adani Enterp. 10/5/2018 Raising funds through Debt Instr.,Final Dividend

Indian Bank 10/5/2018 Quarterly Results,Dividend

Apollo Tyres 10/5/2018 Accounts,Dividend

Tata Comm 10/5/2018 Dividend,Quarterly Results

Adani Transmissi 10/5/2018 Quarterly Results,Private Placement Basis

MphasiS 10/5/2018 Accounts,Dividend

Zee Entertainmen 10/5/2018 Quarterly Results,Dividend

Titan Company 10/5/2018 Quarterly Results,Dividend

Nestle India 10/5/2018 Quarterly Results,Interim Dividend

Asian Paints 10/5/2018 Accounts,Quarterly Results,Final Dividend

RPP Infra Proj. 11/5/2018 Dividend,Accounts

Neuland Labs. 11/5/2018 Accounts

TVS Elec. 11/5/2018 Accounts

Sutlej Textiles 11/5/2018 Accounts,Dividend

Sical Logistics 11/5/2018 Accounts

Genus Power 11/5/2018 Quarterly Results,Dividend

Saregama India 11/5/2018 Accounts,Dividend

Kesoram Inds. 11/5/2018 Accounts

Khadim India 11/5/2018 Accounts,Dividend,Quarterly Results

Savita Oil Tech 11/5/2018 Accounts,Final Dividend


Gabriel India 11/5/2018 Quarterly Results

Kirl. Brothers 11/5/2018 Dividend,Quarterly Results

Nilkamal Ltd 11/5/2018 Accounts,Final Dividend

VST Till. Tract. 11/5/2018 Quarterly Results,Final Dividend

Puravankara 11/5/2018 Dividend

United Bank (I) 11/5/2018 Raising of Capital

Allahabad Bank 11/5/2018 Accounts,Quarterly Results

Dena Bank 11/5/2018 Quarterly Results,Dividend

UCO Bank 11/5/2018 Accounts

Westlife Develop 11/5/2018 Accounts

SpiceJet 11/5/2018 Accounts

Relaxo Footwear 11/5/2018 Quarterly Results,Final Dividend

Solar Inds. 11/5/2018 Accounts,Final Dividend,AGM

Rain Industries 11/5/2018 Quarterly Results

Aarti Inds. 11/5/2018 Dividend

Aditya Bir. Fas. 11/5/2018 Accounts,Issue of Debentures,Private Placement Basis

Gujarat Gas 11/5/2018 Dividend

Graphite India 11/5/2018 Accounts,Final Dividend

Tata Global 11/5/2018 Quarterly Results,Dividend

Canara Bank 11/5/2018 Accounts,Quarterly Results

Gillette India 11/5/2018 Quarterly Results

GlaxoSmith C H L 11/5/2018 Accounts,Dividend

P & G Hygiene 11/5/2018 Quarterly Results

Havells India 11/5/2018 Quarterly Results,Dividend


7





Sun TV Network 11/5/2018 Accounts,Quarterly Results

Oracle Fin.Serv. 11/5/2018 Quarterly Results,Dividend

Gallantt Ispat 12/5/2018 Dividend

Bajaj Hindusthan 12/5/2018 Accounts,Dividend,AGM

PTC India Fin 12/5/2018 Quarterly Results,Dividend

Vinati Organics 12/5/2018 Quarterly Results,Dividend

J K Cements 12/5/2018 Quarterly Results,Dividend,Private Placement Basis

Vardhman Textile 12/5/2018 Dividend

N R Agarwal Inds 14/05/2018 Dividend

Majesco 14/05/2018 Accounts,Quarterly Results

Nirlon 14/05/2018 Accounts

Balaji Amines 14/05/2018 Accounts,Dividend

South Ind.Bank 14/05/2018 Quarterly Results,Dividend

Polaris Consulta 14/05/2018 Accounts

Bombay Dyeing 14/05/2018 Quarterly Results,Dividend

Dr Lal Pathlabs 14/05/2018 Quarterly Results,Final Dividend

Blue Star 14/05/2018 Quarterly Results,Dividend

Abbott India 14/05/2018 Accounts,Dividend

Godrej Agrovet 14/05/2018 Dividend

Honeywell Auto 14/05/2018 Accounts,Dividend

Hind. Unilever 14/05/2018 Accounts,Final Dividend

DIL 15/05/2018 Others

Mangalam Cement 15/05/2018 Dividend,Quarterly Results

Texmaco Infrast. 15/05/2018 Quarterly Results,Dividend


Electrost.Cast. 15/05/2018 Quarterly Results,Dividend

Clariant Chemica 15/05/2018 Accounts

INEOS Styrolut. 15/05/2018 Dividend

Texmaco Rail 15/05/2018 Accounts,Quarterly Results,Dividend

Karnataka Bank 15/05/2018 Accounts,Dividend

Monsanto India 15/05/2018 Dividend,Accounts

P I Inds. 15/05/2018 Quarterly Results,Final Dividend

Crompton Gr. Con 15/05/2018 Dividend

Endurance Tech. 15/05/2018 Quarterly Results,Dividend

M R P L 15/05/2018 Accounts,Dividend

Lupin 15/05/2018 Accounts,Dividend

Britannia Inds. 15/05/2018 Accounts,Dividend

VIP Clothing 16/05/2018 Accounts

Manali Petrochem 16/05/2018 Dividend

Hind.Natl.Glass 16/05/2018 Accounts

Zee Media 16/05/2018 Quarterly Results,Dividend

Pun. & Sind Bank 16/05/2018 Accounts

Transport Corp. 16/05/2018 Accounts,Quarterly Results

Tasty Bite Eat. 16/05/2018 Accounts,Dividend

PTC India 16/05/2018 Quarterly Results,Final Dividend

Mah. Scooters 16/05/2018 Quarterly Results,Dividend

JK Lakshmi Cem. 16/05/2018 Quarterly Results,Dividend

G S F C 16/05/2018 Accounts,Dividend

Birla Corpn. 16/05/2018 Dividend


8





AIA Engg. 16/05/2018 Dividend

TVS Motor Co. 16/05/2018 Accounts

Hindalco Inds. 16/05/2018 Dividend

JSW Steel 16/05/2018 Dividend

MIRC Electronics 17/05/2018 Accounts

Kirloskar Indus. 17/05/2018 Quarterly Results,Dividend

TajGVK Hotels 17/05/2018 Quarterly Results,Dividend

Siti Networks 17/05/2018 Others

Orient Refrac. 17/05/2018 Accounts,Final Dividend

Bliss GVS Pharma 17/05/2018 Dividend

KEI Inds. 17/05/2018 Accounts,Dividend,Quarterly Results

ICRA 17/05/2018 Quarterly Results,Dividend

Coffee Day Enter 17/05/2018 Accounts,Quarterly Results

Escorts 17/05/2018 Others

WABCO India 17/05/2018 Quarterly Results,Dividend

Voltas 17/05/2018 Accounts,Dividend

Bajaj Finserv 17/05/2018 Accounts,Dividend

Bajaj Fin. 17/05/2018 Accounts,Dividend

Pennar Inds. 18/05/2018 Accounts

Nelcast 18/05/2018 Dividend

Alkyl Amines 18/05/2018 Accounts

Asian Granito 18/05/2018 Accounts,Dividend,Quarterly Results

JTEKT India 18/05/2018 Accounts,Dividend

Manappuram Fin. 18/05/2018 Accounts


Thermax 18/05/2018 Quarterly Results

Amara Raja Batt. 18/05/2018 Accounts,Dividend

Bajaj Holdings 18/05/2018 Accounts,Dividend

Ashok Leyland 18/05/2018 Quarterly Results,Dividend

Bajaj Auto 18/05/2018 Accounts,Dividend

NACL Industries 19/05/2018 Accounts

IFGL Refractori. 19/05/2018 Accounts,Dividend,Others

Gulf Oil Lubric. 19/05/2018 Dividend

ITI 19/05/2018 Accounts

PPAP Automotive 21/05/2018 Dividend

Indian Metals 21/05/2018 Dividend

Action Const.Eq. 21/05/2018 Dividend,Quarterly Results

Timken India 21/05/2018 Quarterly Results

TTK Prestige 21/05/2018 Accounts,Dividend,AGM

Aster DM Health. 21/05/2018 Accounts

Colgate-Palm. 21/05/2018 Quarterly Results

Health.Global 22/05/2018 Accounts

Allcargo Logist. 22/05/2018 Accounts,Dividend,Raising funds through Debt Instr.

CARE Ratings 22/05/2018 Dividend

Sundaram Clayton 22/05/2018 Accounts

Bata India 22/05/2018 Quarterly Results,Dividend

L&T Technology 22/05/2018 Dividend

Dr Reddy's Labs 22/05/2018 Dividend,Accounts

Cipla 22/05/2018 Quarterly Results,Dividend


9





I O C L 22/05/2018 Quarterly Results,Final Dividend

Amrit Corp 23/05/2018 Accounts,Dividend

Repco Home Fin 23/05/2018 Dividend

Bajaj Electrical 23/05/2018 Accounts,Dividend

Johnson Con. Hit 23/05/2018 Accounts

The Ramco Cement 23/05/2018 Accounts,Dividend

Godrej Inds. 23/05/2018 Accounts,Dividend,Quarterly Results

L & T Infotech 23/05/2018 Quarterly Results,Final Dividend

Motherson Sumi 23/05/2018 Dividend,Accounts,Quarterly Results

Grasim Inds 23/05/2018 Accounts,Dividend

Timex Group 24/05/2018 Quarterly Results

Goodricke Group 24/05/2018 Quarterly Results,Dividend

Honda Siel Power 24/05/2018 Dividend

JMC Projects 24/05/2018 Quarterly Results,Dividend

Ramco Inds. 24/05/2018 Accounts,Dividend

L T Foods 24/05/2018 Quarterly Results,Final Dividend

Heritage Foods 24/05/2018 Accounts,Dividend,AGM

Sudarshan Chem. 24/05/2018 Quarterly Results,Final Dividend

Zydus Wellness 24/05/2018 Others

Glaxosmi. Pharma 24/05/2018 Accounts,Dividend

United Spirits 24/05/2018 Others

Pidilite Inds. 24/05/2018 Accounts,Dividend

Control Print 25/05/2018 Dividend,Quarterly Results

Sanghvi Movers 25/05/2018 Accounts,Quarterly Results


Zuari Agro Chem. 25/05/2018 Dividend

TCI Express 25/05/2018 Quarterly Results

Shriram EPC 25/05/2018 Accounts

Ramkrishna Forg. 25/05/2018 Accounts,Dividend

J B Chem & Pharm 25/05/2018 Dividend

FDC 25/05/2018 Quarterly Results,Dividend

PC Jeweller 25/05/2018 Quarterly Results

Lak. Mach. Works 25/05/2018 Accounts,Dividend

Cadila Health. 25/05/2018 Dividend

Tech Mahindra 25/05/2018 Quarterly Results,Dividend

Seshasayee Paper 26/05/2018 Dividend

Sandhar Tech 26/05/2018 Accounts,Quarterly Results

Meghmani Organ. 26/05/2018 Accounts,Dividend

Precision Camshf 28/05/2018 Quarterly Results,Dividend

EIH Assoc.Hotels 28/05/2018 Accounts,Quarterly Results

Caplin Point Lab 28/05/2018 Quarterly Results,Dividend

Finolex Cables 28/05/2018 Dividend,Accounts

Rajapalayam Mill 29/05/2018 Dividend

Mukand 29/05/2018 Accounts

Greencrest Finan 29/05/2018 Quarterly Results

Unichem Labs. 29/05/2018 Accounts,Dividend

Balmer Lawrie 29/05/2018 Quarterly Results,Dividend

Suprajit Engg. 29/05/2018 Quarterly Results,Final Dividend

Prism Cement 29/05/2018 Accounts,Quarterly Results

10



2

3

4

5






Corporate actions announced in May 2018

11

Stock split

Ongoing open offer



Face value before Face value after

Company Name Ratio split split Record date

Zensar Tech. 5:1 10.0 2.0 NA

Thirumalai Chem. 10:1 10.0 1.0 NA

United Spirits 5:1 10.0 2.0 NA

Container Corpn. 2:1 10.0 5.0 NA

Lumax Auto Tech. 5:1 10.0 2.0 NA

B.C. Power 5:1 10.0 2.0 NA

Offer Start Offer Close Offer Price Proposed Acquisition Proposed Acquisition

Company Date Date (|) (No. of shares in crore) (% Capital)

Golden Tobacco 27/04/2018 16/05/2018 101.0 0.4 25.0

SQS India BFSI 3/5/2018 16/05/2018 483.0 0.3 26.0

MT Educare 3/5/2018 16/05/2018 72.8 1.9 26.0

Sh.Renuka Sugar 4/5/2018 17/05/2018 16.3 49.8 26.0

Dish TV 5/6/2018 18/06/2018 74.0 50.0 26.0

Merck 13/06/2018 26/06/2018 1500.4 0.4 26.0

12



2

3

4

5






Major stakeholder’s activity seen in April 2018



Smallcap World Fund purchased 107.3 lakh shares (2.0%) of Infibeam Incorp.

Zend Mauritius VC Investments sold 250 lakh shares (10.5%) of Magma Fincorp

CLSA Global sold 730.6 lakh shares (8.8%) of Hathway Cable

Bhadresh K Shah (Promoter) sold 30 lakh shares (3.2%) of AIA Engineering to DSP Blackrock Midcap Fund

Key Highlights

Company No of shares Bought/Sold Total Equity Net change % of total

(In lakhs) (In lakhs) (%)

Infibeam Incorp. 107.3 5427.8 2.0

Magma Fincorp -250.0 2370.3 -10.5

Hathway Cable -730.6 8304.9 -8.8

AIA Engg. -30.0 943.2 -3.2

14



2

3

4

5









The momentum related to raising money through preferential allotment appears to be tapering. During April 2018, 18 companies raised capital

through preferential allotment compared to a monthly average of 32 companies in H2FY18.

Company No.of Eq. Shares Face Value Issue Price Issued To Issued Category Date of allotment

(in crore) (|) (|)

H D F C 0.05 2 0 Equity Shares NA 19/04/2018

Magma Fincorp 3.23 2 155 NA QIP 12/4/2018

Paramount Comm. 1.70 2 0 Sanjay Aggarwal & PACs Promoter Group 28/04/2018

Generic Engineer 0.36 10 0 NA Non-Promoters 12/4/2018

Uniply Inds. 0.45 10 390.85 NA Non Promoters 25/04/2018

Rushil Decor 0.02 10 945 NA NA 28/04/2018

Rushil Decor 0.01 10 945 Manish Shailendra Srivastava Non-Promoter 28/04/2018

Rushil Decor 0.01 10 945 Rakesh Bhagwan Das Arora Non-Promoter 28/04/2018

Kiri Indus. 0.11 10 363 NA Promoter 2/4/2018

MEP Infrast. 2.09 10 77.5 NA QIPs 4/4/2018

Health.Global 0.09 10 321 M Gopichand NA 9/4/2018

16



2

3

4

5






Deal Team – At Your Service

17

Historical trend of rights and bonus issues

Number of rights issues- CNX 500 Number of bonus issues- CNX 500


Of the CNX 500 companies, rights issue has gained currency as a method to raise capital with seven companies

raising funds to the tune of | 4780 crore through rights issue in CY17 compared to two companies raising funds of

| 910 crore in CY16

Total 29 companies have announced bonus issue in CY17 compared to 16 companies in CY16

Key Highlights

6

8 8

5 5

7

5

2

7

3

0

1

2

3

4

5

6

7

8

9

CY09 CY10 CY11 CY12 CY13 CY14 CY15 CY16 CY17 CY18

(upto

April

2018)

Number of rights Issue (CNX 500 Companies)

8

28

1412 12

10

1716

29

4

0

5

10

15

20

25

30

35


(upto

April

2018)

Number of Bonus Issues

Deal Team – At Your Service

18

Historical trend of stock splits and dividend payouts

Number of stock splits- CNX 500 Average dividend payout ratio (%) for CNX 500


Post the implementation of the new 10% dividend tax, companies are opting for share buybacks over dividends.

Average dividend payout ratio has been on a downward trend with the ratio declining from 36.5% in FY15 to 23%

in FY17

Total 10 companies have announced stock split in CY17 compared to 15 companies in CY16

Key Highlights

11

39

18

7 6

12 1315

10

1

0

5

10

15

20

25

30

35

40

45


(upto

April

2018)

Number of stock Split

20.0

22.6 23.321.8

24.7

28.1

30.5

36.5

26.0

23.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17

Dividend Payout Ratio

19

Pankaj Pandey Head – Research [email protected]

ICICI Direct Research Desk,

ICICI Securities Limited,

1st

Floor, Akruti Trade Centre,

Road no.7, MIDC

Andheri (East)

Mumbai – 400 093

[email protected]

Disclaimer

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document may come are required to inform themselves of and to observe such restriction.

Documents

Monthly Corporate Action Tracker - ICICI Directcontent.icicidirect.com/mailimages/IDirect_CorporateActionTracker_May18.pdfLaurus Labs 10/5/2018 Accounts,Dividend Chambal Fert. 10/5/2018