Corporate Actions, Dividends & Governance

Shareholding Pattern

The quarterly disclosure showing how a listed company's shares are distributed across shareholder categories.

Test: the filing reports promoter, institutional and public holdings, along with pledged shares and holders above 1% %

Special Dividend

A one-off dividend, usually much larger than the regular payout, arising from an unusual event.

Test: the dividend is explicitly designated as non-recurring and is not part of the stated dividend policy ₹

Corporate Actions, Dividends & Governance

Special Resolution

A shareholder resolution requiring at least three-quarters of votes cast in favour to pass.

Test: votes in favour are at least three times the votes against among members voting %

Corporate Actions, Dividends & Governance

Spin-Off

The distribution of a subsidiary's shares to a parent's shareholders, creating a separately listed company.

Test: shares in the subsidiary are distributed to the parent's shareholders pro rata, without consideration qualitative

Corporate Actions, Dividends & Governance

Stock Split

A division of each existing share into a larger number of shares with a proportionally lower face value.

New Share Count = Old Count x Split Ratio; Adjusted Price = Old Price / Split Ratio; Face Value divides by the same ratio shares

Corporate Actions, Dividends & Governance

Subsidiary

A company controlled by another company, whose accounts are consolidated line by line into the parent's.

Test: the parent controls the composition of the board or holds more than one half of the total voting power qualitative

Corporate Actions, Dividends & Governance

Swap Ratio

The number of acquirer shares issued for each share of the target in a share-based merger.

Swap Ratio = Value per Target Share / Value per Acquirer Share, as determined by the valuers ratio (x, times)

Corporate Actions, Dividends & Governance

Sweat Equity

Shares issued to employees or directors at a discount, or for non-cash consideration such as know-how or value addition.

Test: shares are issued to employees or directors for consideration other than cash, or at a discount, under a special resolution qualitative

Corporate Actions, Dividends & Governance

Takeover Code

SEBI's regulations governing substantial acquisition of shares and takeovers of listed companies.

Test: the acquisition crosses a prescribed threshold of voting rights or amounts to acquiring control, triggering disclosure and open offer obligations qualitative

Corporate Actions, Dividends & Governance

Voluntary Delisting

A company's own decision to remove its shares from the exchange, requiring a public shareholder exit offer.

Test: the acquirer reaches the threshold shareholding through a reverse book-building or fixed-price exit offer approved by public shareholders qualitative

Corporate Actions, Dividends & Governance

Voting Rights

The entitlement of an equity shareholder to vote on resolutions, normally one vote per share held.

Votes Held = Number of Equity Shares Held, unless the class carries differential rights shares

Corporate Actions, Dividends & Governance

Whistle-Blower Policy

A mandated mechanism allowing employees and directors to report unethical behaviour or fraud without fear of retaliation.

Test: the policy provides a reporting channel, direct access to the audit committee chair, and protection against victimisation qualitative