Benares Hotels Ltd., a prominent Tata Group hospitality company, has announced July 16, 2026, as the record date for its final dividend for the financial year 2025-26 (FY26). The company, an associate of The Indian Hotels Company Ltd (IHCL), had previously recommended a dividend of ₹25 per equity share, each with a face value of ₹10.
Eligibility for the Dividend Payout
According to a regulatory filing, the record date has been established to determine which shareholders are eligible to receive the dividend. Investors holding shares of Benares Hotels as of the close of business hours on Thursday, July 16, 2026, will be entitled to the dividend. This applies to beneficial owners holding shares in electronic form, as well as members holding shares in physical form whose names appear in the company's Register of Members.
Payment Schedule and Approvals
The dividend, if approved by shareholders at the upcoming Annual General Meeting (AGM), is slated for payment on and from Monday, August 3, 2026. The payment will be subject to deduction of applicable tax at source. The Board of Directors had initially recommended this dividend on April 29, 2026, when reporting its March quarter results.
Company Background and Recent Performance
Benares Hotels Ltd. operates and manages hotels, offering related hospitality services. The company's stock performance saw a gain of 0.44 percent, settling at ₹10,245 on Friday. Over the past six months, the stock has shown a positive trend, increasing by 10.15 percent.
"The Board of Directors has recommended a dividend of Rs 25/- per equity share of Rs 10/- each. The dividend, if approved by the shareholders at the AGM, will be paid, subject to deduction of applicable tax at source, on and from Monday, August 3, 2026," the company stated in its filing.