Four Stocks to Trade Ex-Dividend on October 20: Tech Mahindra, Oberoi Realty, Tips Music, and Rama Phosphates Announce Interim Payouts

Mumbai, Friday, October 17, 2025 – Four stocks will trade ex dividend on Monday, October 20, 2025. Investors seeking eligibility for the announced interim payouts must purchase the shares today since the ex date falls after the weekend. The record date for all four counters is October 21, 2025.

Tech Mahindra Ltd (TECHM), Oberoi Realty Ltd (OBEROIRLTY), Tips Music Ltd (TIPSMUSIC), and Rama Phosphates Ltd (RAMAPHO) have declared interim dividends. The ex date is Monday, October 20, 2025, and the record date is Tuesday, October 21, 2025.

Ex Dividend Snapshot

Tech Mahindra Ltd has announced a dividend of ₹15 per share on a face value of ₹5. Oberoi Realty Ltd has declared a dividend of ₹2 per share on a face value of ₹10. Tips Music Ltd will pay a dividend of ₹4 per share on a face value of ₹1, while Rama Phosphates Ltd has declared a dividend of Re 0.50 per share on a face value of ₹5.

All four companies, Tech Mahindra (ISIN: INE669C01028), Oberoi Realty (ISIN: INE093I01010), Tips Music (ISIN: INE716B01029), and Rama Phosphates (ISIN: INE809A01024) will trade ex-dividend on October 20, 2025, with the record date on October 21, 2025.

Why Today is the Last Day to Buy?

With the ex date on Monday, purchases made today, Friday, will reflect cum dividend when trades settle. Shares bought on or after the ex date do not carry the right to the announced interim dividend.

Delivery and Window

The no-delivery period for Tech Mahindra Ltd, Oberoi Realty Ltd, Tips Music Ltd, and Rama Phosphates Ltd will begin on October 17, 2025, and end on October 21, 2025. During this period, physical share deliveries will remain suspended.

Dividend Track Record – Recent Actions

• Tech Mahindra Ltd (TECHM): It declared a dividend of ₹30 per share on July 4, 2025, ₹15 per share on October 31, 2024, ₹28 per share on July 19, 2024, and ₹12 per share on November 2, 2023.
• Oberoi Realty Ltd (OBEROIRLTY): The company has consistently announced interim dividends of ₹2 per share on July 25, 2025, May 5, 2025, January 24, 2025, and November 4, 2024.
• Tips Music Ltd (TIPSMUSIC): Interim dividends were announced on ₹4 per share by the company on August 5, 2025, on ₹3 per share on January 28, 2025, on ₹2 per share on October 24, 2024, and ₹2 per share on August 1, 2024.
• Rama Phosphates Ltd (RAMAPHO): A Re 0.25 per-share dividend distribution was announced on July 31, 2025. Prior actions consisted of a change in face value from ₹10 to ₹5 on February 7, 2025, an AGM on August 5, 2024, and an AGM dividend of Re 1 on August 10, 2023.

How Do the Timelines Work?

• Ex date: The first trading day when the stock trades without dividend entitlement. Buying on or after this date does not qualify for the payout.
• Record date: The company checks its register on this day to confirm eligible shareholders.
• Action for investors: To be eligible, purchase shares by today so your holding reflects cum dividend before the Monday ex date.

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