{"id":322784,"date":"2026-10-22T10:39:14","date_gmt":"2026-10-22T05:09:14","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=322784"},"modified":"2026-10-22T10:39:14","modified_gmt":"2026-10-22T05:09:14","slug":"record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/","title":{"rendered":"Record Date 23 Oct 2026: Last Chance to Buy Tech Mahindra, IRFC, LTM, Modison and Azad India Today"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Record date for Tech Mahindra, IRFC, LTM, Modison Metals, Azad India Mobility, 360 ONE, ICICI Lombard and HDB Financial Services is Friday 23 Oct 2026, and the ex-date is the same day. With T+1 settlement, Thursday 22 Oct is the last day to buy to be eligible. Tech Mahindra&#8217;s dividend is Rs 15, IRFC&#8217;s is Rs 1.15, LTM&#8217;s is reported at Rs 25 but not confirmed, and Azad India&#8217;s split is 1:5. Prices are from about 10:10 am IST.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The record date is Friday 23 Oct 2026 for Tech Mahindra, IRFC, LTM, Modison and Azad India, and the ex-date is the same day, so Thursday 22 Oct is the last day to buy. Tech Mahindra pays Rs 15 and has recommended a 1:1 bonus, IRFC pays Rs 1.15, Modison pays Rs 4, and Azad India splits its Rs 10 share into five Rs 2 shares. The LTM dividend of Rs 25 comes from one source and is described as &#8216;if declared&#8217; in LTM&#8217;s own filing, so confirm it. Tech Mahindra&#8217;s bonus record date has not been announced, so the 23 Oct date applies to the dividend only.<\/p>\n<\/p><\/div>\n<p>A record date is the date a company uses to decide which shareholders are entitled to a dividend, bonus or split. The record date for several well-known names falls on Friday 23 Oct 2026, which makes today the final day to buy for those who want the payout.<\/p>\n<p>This article lists each record date, the amount, the price and the dividend yield I calculated, and it flags where sources disagree. Buying only for a dividend is rarely a good plan because the share price usually drops by about the dividend on the ex-date. It is educational and not a recommendation.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#Record_Date_23_Oct_2026_Main_Dividend_Bonus_and_Split_Stocks\" title=\"Record Date 23 Oct 2026: Main Dividend, Bonus and Split Stocks\">Record Date 23 Oct 2026: Main Dividend, Bonus and Split Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#How_the_Record_Date_and_Ex-Date_Work\" title=\"How the Record Date and Ex-Date Work\">How the Record Date and Ex-Date Work<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#Tech_Mahindra_Record_Date_Dividend_and_Bonus\" title=\"Tech Mahindra Record Date: Dividend and Bonus\">Tech Mahindra Record Date: Dividend and Bonus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#IRFC_LTM_and_Modison_Record_Date_Details\" title=\"IRFC, LTM and Modison Record Date Details\">IRFC, LTM and Modison Record Date Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#Other_Record_Date_Stocks_on_22_and_23_Oct\" title=\"Other Record Date Stocks on 22 and 23 Oct\">Other Record Date Stocks on 22 and 23 Oct<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#Dividend_vs_Bonus_vs_Split_What_Each_Corporate_Action_Does\" title=\"Dividend vs Bonus vs Split: What Each Corporate Action Does\">Dividend vs Bonus vs Split: What Each Corporate Action Does<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#What_You_Would_Actually_Receive_A_Simple_Calculation\" title=\"What You Would Actually Receive: A Simple Calculation\">What You Would Actually Receive: A Simple Calculation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#What_to_Watch_Next_After_the_Record_Date\" title=\"What to Watch Next After the Record Date\">What to Watch Next After the Record Date<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#What_is_the_record_date_for_Tech_Mahindra_IRFC_and_LTM\" title=\"What is the record date for Tech Mahindra, IRFC and LTM?\">What is the record date for Tech Mahindra, IRFC and LTM?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#What_is_a_record_date\" title=\"What is a record date?\">What is a record date?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#How_much_is_the_Tech_Mahindra_dividend_and_bonus\" title=\"How much is the Tech Mahindra dividend and bonus?\">How much is the Tech Mahindra dividend and bonus?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#How_much_is_the_IRFC_dividend\" title=\"How much is the IRFC dividend?\">How much is the IRFC dividend?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#Is_the_LTM_dividend_confirmed\" title=\"Is the LTM dividend confirmed?\">Is the LTM dividend confirmed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#Can_I_buy_on_the_record_date_and_still_get_the_dividend\" title=\"Can I buy on the record date and still get the dividend?\">Can I buy on the record date and still get the dividend?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#What_is_Azad_India_Mobilitys_split\" title=\"What is Azad India Mobility&#8217;s split?\">What is Azad India Mobility&#8217;s split?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/record-date-friday-23-october-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-dividend-bonus-split-stocks\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Record_Date_23_Oct_2026_Main_Dividend_Bonus_and_Split_Stocks\"><\/span><strong>Record Date 23 Oct 2026: Main Dividend, Bonus and Split Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Stock<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Corporate action<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Price at about 10:10 am IST<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Yield (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tech Mahindra<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 15 interim dividend (face value Rs 5); 1:1 bonus recommended, subject to approval<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,827.30<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 0.82%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IRFC<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1.15 second interim dividend (11% of face value Rs 10)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 76.59<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 1.50%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">LTM<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 25 interim dividend per one source; not confirmed<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 4,319.90<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 0.58% if Rs 25<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Modison<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 4 dividend (400%)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 428.10, down 4.99%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 0.93%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Azad India Mobility<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1:5 stock split, face value Rs 10 to Rs 2<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 81.73<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not applicable<\/td>\n<\/tr>\n<\/table>\n<p>Yield is the dividend divided by the price, so IRFC offers the highest of the five at about 1.50% while LTM&#8217;s is the lowest. These are my calculations from today&#8217;s prices and will change if prices move. The record date and ex-date are both 23 Oct, so a buyer today is on the register and a buyer tomorrow is not.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check dividend stocks on the Univest screeners page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Record_Date_and_Ex-Date_Work\"><\/span><strong>How the Record Date and Ex-Date Work<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Term<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Meaning<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Date for this list<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Record date<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The cut-off date for being on the company&#8217;s register<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Friday 23 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Ex-date<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The first day the share trades without the entitlement<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Friday 23 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Last day to buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The trading day before the ex-date under T+1 settlement<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Thursday 22 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Payment<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tech Mahindra&#8217;s dividend is payable by 13 Nov<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Other dates not found in my sources<\/td>\n<\/tr>\n<\/table>\n<p>Under T+1 settlement, shares bought on the last day to buy are delivered the next day, which is the record date. Anyone who buys on the ex-date, 23 Oct, misses the entitlement. Two stocks with a 22 Oct ex-date, Tips Music (Rs 6.50 dividend, price Rs 733.15) and Angel One (Rs 1.40, price Rs 289.70), are already trading without the dividend today, so buying them now does not qualify.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get dividend and record date alerts.<\/em><\/p>\n<p><strong>Risk:<\/strong> The share price usually falls by roughly the dividend on the ex-date, so the payout is not an extra gain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Mahindra_Record_Date_Dividend_and_Bonus\"><\/span><strong>Tech Mahindra Record Date: Dividend and Bonus<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Tech Mahindra Q2 FY27 measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reported figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 16,180 crore, up 15.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit after tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,586 crore, up 32.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBIT margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Deal wins<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$1.023 billion<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Interim dividend<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 15 a share, payable by 13 Nov<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bonus<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1:1 recommended, subject to shareholder approval; credit expected around 15 Dec<\/td>\n<\/tr>\n<\/table>\n<p>The Tech Mahindra record date applies to the Rs 15 dividend. The board has also recommended a 1:1 bonus, which needs shareholder approval and has its own record date still to be announced. One source, Indmoney, does not mention the bonus at all, so I flag that conflict and suggest you read the company&#8217;s exchange filing. The dividend yield is about 0.82% at Rs 1,827.30 (my calculation).<\/p>\n<p><strong>Risk:<\/strong> A bonus issue does not create value by itself because the share price adjusts, so judge Tech Mahindra on earnings and not on the bonus.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"IRFC_LTM_and_Modison_Record_Date_Details\"><\/span><strong>IRFC, LTM and Modison Record Date Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Company<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Caution<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IRFC<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Second interim dividend of Rs 1.15, or 11% of face value<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Yield about 1.50% at Rs 76.59 (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">LTM<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 profit after tax Rs 1,398 crore, down 5% on the quarter; revenue Rs 11,808 crore; EBIT margin 15.6%; order inflow $1.26 billion<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend of Rs 25 comes from TradingView; LTM&#8217;s filing says &#8216;if declared&#8217;, so the amount is unconfirmed<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Modison<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 4 dividend (400%)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Stock down 4.99% at Rs 428.10 today<\/td>\n<\/tr>\n<\/table>\n<p>For LTM, the record date of 23 Oct is consistent across sources, but the Rs 25 amount is not, so I show it as unconfirmed and the yield as conditional. Modison&#8217;s fall of 4.99% today is larger than the Rs 4 payout, which shows that dividends do not protect against price moves.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Record_Date_Stocks_on_22_and_23_Oct\"><\/span><strong>Other Record Date Stocks on 22 and 23 Oct<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Stock<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Dividend<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Price<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Yield (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">360 ONE WAM<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 7.50 (record and ex-date 23 Oct)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,042.30<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 0.72%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">ICICI Lombard<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 7 (record and ex-date 23 Oct)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,632.30<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 0.43%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HDB Financial Services<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2 (record and ex-date 23 Oct)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 511.45<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 0.39%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tips Music<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 6.50 (ex-date 22 Oct)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 733.15<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 0.89%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Angel One<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1.40 (ex-date 22 Oct)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 289.70<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 0.48%<\/td>\n<\/tr>\n<\/table>\n<p>The record date information for these five comes from a single list, so verify each on the exchange site. The yields are small, which is why dividends alone rarely justify a purchase.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dividend_vs_Bonus_vs_Split_What_Each_Corporate_Action_Does\"><\/span><strong>Dividend vs Bonus vs Split: What Each Corporate Action Does<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Corporate action<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What changes for you<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Example in this list<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Cash dividend<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">You receive cash in your bank account; the share price usually drops by about the same amount on the ex-date<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tech Mahindra dividend of Rs 15; IRFC dividend of Rs 1.15; Modison Rs 4<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bonus issue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">You receive extra shares for free; the price adjusts so total value is unchanged<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tech Mahindra 1:1 bonus, if approved: 100 shares become 200<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Stock split<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Each share is divided into smaller shares; the price falls in proportion and total value is unchanged<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Azad India split of 1:5: 100 shares become 500 and the price divides by five<\/td>\n<\/tr>\n<\/table>\n<p>The Tech Mahindra dividend and the IRFC dividend are cash payouts, while the Azad India split and the Tech Mahindra bonus only change the share count. None of these creates value on its own. A 1:5 split means the Azad India price of Rs 81.73 would adjust to roughly Rs 16.35 on the ex-date, and the number of shares you hold would rise fivefold (my calculation). Liquidity can improve after a split because the price per share is lower, but that does not change what the business is worth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_You_Would_Actually_Receive_A_Simple_Calculation\"><\/span><strong>What You Would Actually Receive: A Simple Calculation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Holding example<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Gross payout<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Calculation note (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">100 Tech Mahindra shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,500<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">100 shares x Rs 15; value of holding about Rs 1,82,730 at today&#8217;s price<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,000 IRFC shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,150<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,000 shares x Rs 1.15; value of holding about Rs 76,590<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">10 LTM shares if Rs 25 is declared<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 250<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">10 shares x Rs 25; value of holding about Rs 43,199; amount unconfirmed<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">100 Modison shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 400<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">100 shares x Rs 4; value of holding about Rs 42,810<\/td>\n<\/tr>\n<\/table>\n<p>These are gross figures before tax. Dividend income is added to your total income and taxed at your slab rate, so confirm the treatment with a tax adviser. Against holdings of tens of thousands of rupees, the payouts are small, which is why the Tech Mahindra dividend and the IRFC dividend should not be the only reason to buy a share. The better questions are whether you would hold the stock without the payout and whether its price already reflects the recent run-up or fall.<\/p>\n<p><strong>Risk:<\/strong> Buying a stock only to capture a dividend exposes you to the price drop on the ex-date and to normal market moves, which can be larger than the payout.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_After_the_Record_Date\"><\/span><strong>What to Watch Next After the Record Date<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The ex-date price moves on 23 Oct for Tech Mahindra, IRFC, LTM and Modison<\/li>\n<li>Tech Mahindra&#8217;s bonus record date and shareholder approval<\/li>\n<li>LTM&#8217;s confirmed dividend amount<\/li>\n<li>Azad India Mobility&#8217;s split adjustment on the ex-date<\/li>\n<li>Infosys results and dividend decision on 23 Oct<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The record date of 23 Oct makes today the last day to buy Tech Mahindra, IRFC, LTM, Modison and Azad India for the dividend or split. Yields are modest, the LTM amount and the Tech Mahindra bonus record date are unconfirmed, and prices typically adjust on the ex-date. Decide on the business and your own risk, not only on the payout.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_record_date_for_Tech_Mahindra_IRFC_and_LTM\"><\/span><strong>What is the record date for Tech Mahindra, IRFC and LTM?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The record date is Friday 23 Oct 2026 for all three, and the ex-date is the same day. Thursday 22 Oct is the last day to buy under T+1 settlement.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_a_record_date\"><\/span><strong>What is a record date?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A record date is the cut-off date a company sets to decide which shareholders on its register get a dividend, bonus or split. Under T+1 settlement you must buy the day before the ex-date.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_is_the_Tech_Mahindra_dividend_and_bonus\"><\/span><strong>How much is the Tech Mahindra dividend and bonus?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tech Mahindra declared an interim dividend of Rs 15 a share, payable by 13 Nov, and recommended a 1:1 bonus subject to approval. The bonus record date has not been announced.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_is_the_IRFC_dividend\"><\/span><strong>How much is the IRFC dividend?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> IRFC declared a second interim dividend of Rs 1.15 a share, or 11% of the Rs 10 face value. The yield is about 1.50% at Rs 76.59 by my calculation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_LTM_dividend_confirmed\"><\/span><strong>Is the LTM dividend confirmed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. One source says Rs 25, but LTM&#8217;s own filing describes it as &#8216;if declared&#8217;, so the amount is unconfirmed. Check the company&#8217;s exchange filing before relying on it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_buy_on_the_record_date_and_still_get_the_dividend\"><\/span><strong>Can I buy on the record date and still get the dividend?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. Under T+1 settlement the ex-date is the same as the record date, so buying on 23 Oct misses the entitlement. You needed to buy by 22 Oct.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Azad_India_Mobilitys_split\"><\/span><strong>What is Azad India Mobility&#8217;s split?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Azad India Mobility is splitting its Rs 10 face value share into five shares of Rs 2, a 1:5 split. The record date is 23 Oct and the stock was at Rs 81.73.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the record date for Tech Mahindra, IRFC and LTM?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The record date is Friday 23 Oct 2026 for all three, and the ex-date is the same day. Thursday 22 Oct is the last day to buy under T+1 settlement.\"}},{\"@type\":\"Question\",\"name\":\"What is a record date?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A record date is the cut-off date a company sets to decide which shareholders on its register get a dividend, bonus or split. Under T+1 settlement you must buy the day before the ex-date.\"}},{\"@type\":\"Question\",\"name\":\"How much is the Tech Mahindra dividend and bonus?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Tech Mahindra declared an interim dividend of Rs 15 a share, payable by 13 Nov, and recommended a 1:1 bonus subject to approval. The bonus record date has not been announced.\"}},{\"@type\":\"Question\",\"name\":\"How much is the IRFC dividend?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"IRFC declared a second interim dividend of Rs 1.15 a share, or 11% of the Rs 10 face value. The yield is about 1.50% at Rs 76.59 by my calculation.\"}},{\"@type\":\"Question\",\"name\":\"Is the LTM dividend confirmed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. One source says Rs 25, but LTM's own filing describes it as 'if declared', so the amount is unconfirmed. Check the company's exchange filing before relying on it.\"}},{\"@type\":\"Question\",\"name\":\"Can I buy on the record date and still get the dividend?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. Under T+1 settlement the ex-date is the same as the record date, so buying on 23 Oct misses the entitlement. You needed to buy by 22 Oct.\"}},{\"@type\":\"Question\",\"name\":\"What is Azad India Mobility's split?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Azad India Mobility is splitting its Rs 10 face value share into five shares of Rs 2, a 1:5 split. The record date is 23 Oct and the stock was at Rs 81.73.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Record date is 23 Oct 2026, so 22 Oct is the last day to buy Tech Mahindra, IRFC, LTM, Modison and Azad India for the dividend, bonus or split. Yields and caveats included.<\/p>\n","protected":false},"author":29,"featured_media":322783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[14524,4728,14522,13686,14523,14525,7928,14521,12639,7871],"class_list":["post-322784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-azad-india-split","tag-ex-dividend-date","tag-irfc-dividend","tag-last-chance-to-buy","tag-ltm-dividend","tag-modison-dividend","tag-record-date","tag-record-date-23-october-2026","tag-tech-mahindra-bonus","tag-tech-mahindra-dividend"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["322783"],"rank_math_title":["Record Date Today: TechM, IRFC, LTM Dividend, Bonus and Split"],"rank_math_description":["Record date is Friday 23 Oct 2026 and today, 22 Oct, is the last day to buy. See TechM, IRFC, LTM, Modison and Azad India dividend, bonus and split details and yields."],"rank_math_focus_keyword":["record date"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/record-date-23-oct-2026-last-chance-to-buy-tech-mahindra-irfc-ltm-modison-and.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/322784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=322784"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/322784\/revisions"}],"predecessor-version":[{"id":322785,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/322784\/revisions\/322785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/322783"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=322784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=322784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=322784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}