Query regarding Dividend Payout

Investing 💰
1

Hello,
Bhansali engineering has announced of paying dividend for which ex-date is 27th Oct/2022. But according to BSE website, record date for the same scrip is 28th Oct/2022. How could that be possible? If I buy on 27th, T+2 is when the respective stock would be allocated in my demat. Without the stock in my demat, company wouldn’t release the dividend. Is it legal for setting ex & record date consecutively?

This is the same case for ICICI Securities. Company has announced of paying dividend for which ex-date is 31st Oct/2022. But record date is 01/11/2022.

2

These are actions of the company, not sure how we can help with this. As a stock broking platform, we do not have any control on dividends announced / paid, you will have to connect with the company secretary / investor relations of these companies.

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3

Oh, yes. I know. I was just wondering you or anyone here knew anything about it…that’s all. Thank you.