Bengal & Assam sets Sep 1 record date for ₹50 dividend

Record date fixed for proposed FY26 dividend

Bengal & Assam Company Limited has fixed September 1, 2026 as the record date to determine shareholders eligible for a proposed dividend of ₹50 per equity share. The dividend has been recommended by the Board of Directors for the financial year ended March 31, 2026. The company communicated the update to the Bombay Stock Exchange (BSE) on August 11, 2026. The disclosure was made under Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dividend remains subject to shareholder approval

The company has made it clear that the payout is not final until members approve it at the upcoming Annual General Meeting. The 79th AGM is scheduled for September 8, 2026. Until the resolution is passed, the dividend remains a recommendation rather than an obligation. This distinction matters for investors tracking corporate action timelines and expecting cash flows.

Book closure dates and what they mean

Bengal & Assam said the Register of Members and Share Transfer Books will remain closed from Tuesday, September 1, 2026 to Tuesday, September 8, 2026. This book closure period covers the determination of dividend entitlement. It also covers eligibility criteria for attending the AGM. In practical terms, share transfers that are not completed and reflected in the relevant records by the record date may not be considered for entitlement.

AGM timing and mode of meeting

The 79th AGM will be held on Tuesday, September 8, 2026 at 3:00 PM IST. The company will conduct the meeting through Video Conferencing (VC) or Other Audio Visual Means (OAVM). This aligns with the market’s shift towards remote participation frameworks for shareholder meetings. The meeting is the formal point at which the dividend, if approved, will be declared.

Eligibility rules for demat and physical shareholders

For shareholders holding shares in dematerialised form, entitlement will be based on beneficial ownership details received from depositories as of the record date. For shareholders holding shares in physical form, eligibility will be determined by names appearing on the company’s Register of Members as of September 1, 2026. The company’s communication reiterates that the record date snapshot is central for both formats, with depository data serving as the reference point for demat holdings.

When the dividend is expected to be paid

Bengal & Assam stated that, upon declaration at the AGM, the dividend will be disbursed within three to four weeks. The payout will go to members whose names appear on the Register of Members as of September 1, 2026, with demat holders’ entitlement being based on depository records. Investors typically watch this post-AGM window to track the actual credit or dispatch of funds.

Financial context: FY26 profit and dividend scale

The company reported a consolidated net profit of ₹843.40 crore for the financial year ended March 31, 2026, compared with ₹754.83 crore in the previous year. The board recommended a dividend of ₹50 per equity share, described as 500%, on a face value of ₹10 per share. For shareholders, the percentage figure reflects the relationship to face value, while the cash benefit is the ₹50 per share payout subject to approval.

Market snapshot and why the dates matter

As per the data cited, Bengal & Assam Company’s live price was ₹6,205.00, and the market capitalisation was ₹7,009.4 crore (as on August 12, 2026 at 02:24). For investors in high-priced, low-float counters, corporate actions like dividend record dates can draw attention because eligibility is tightly tied to settlement timelines. The company’s earlier dividend history cited a final dividend of ₹50 per share with an ex-date of September 22, 2025. Some market data cited alongside the disclosure also referenced a dividend yield around 0.78% to 0.79%, reflecting the relatively high share price compared with the cash dividend.

Other near-term disclosure: board meeting for quarterly results

Separately, the company informed BSE about a board meeting scheduled on August 13, 2026. The stated agenda includes consideration and approval of the un-audited financial results, both standalone and consolidated, for the first quarter ended June 30, 2026. For investors, the timing is notable because the Q1 update comes ahead of the AGM and the proposed dividend’s final approval.

Key dates and figures at a glance

Conclusion

Bengal & Assam Company’s September 1, 2026 record date and September 1 to September 8 book closure set the timeline for the proposed ₹50 per share dividend. The deciding event remains the 79th AGM on September 8, 2026, where shareholders will vote on the recommendation. If approved, the company has indicated that the dividend will be paid within three to four weeks from the AGM’s conclusion. Investors tracking entitlement should focus on beneficial ownership status as of the record date and the company’s AGM outcome disclosures.