NSDL Dividend Record Date: What Is Known So Far
NSDL listed on 6 August 2025 and fixed its first dividend record date six weeks later. Its second is already on the calendar: Friday, 11 September 2026, for a proposed final dividend of ₹4 per share. The NSDL dividend record date therefore sits atop one of the shortest payout histories on the exchange — two record dates, both finals, both in September. This guide sets out every date actually filed, the pre-listing record, and how T+1 settlement decides who qualifies — without stretching two data points into a pattern.
Research date: Record dates, amounts and payment timelines below were cross-checked on 22 August 2026 against NSDL’s exchange-reported announcements, republished in the records listed under Sources. Future dividends are board decisions; nothing here predicts the next declaration.
The next record date: Friday, 11 September 2026
NSDL’s board recommended a final dividend of ₹4 per equity share for FY2026 on 30 April 2026, alongside the annual results. Per the company’s record-date announcement as republished by the corporate-action trackers under Sources, the sequence runs:
| Step | Date | Status on 22 Aug 2026 |
|---|---|---|
| Board recommendation | 30 April 2026 | Done |
| Record date | Friday, 11 September 2026 | Filed |
| 14th AGM (shareholder approval) | Tuesday, 22 September 2026 | Scheduled |
| Payment | On or before Thursday, 22 October 2026 | Pending approval |
The order surprises first-time dividend trackers: the record date falls eleven days before the AGM that approves the payment. That is normal for a final dividend — the register is read to fix eligibility, shareholders then vote, and cash moves only after approval. The AGM can approve the recommended amount or a lower one, not a higher one, so ₹4 is a ceiling, not a guarantee.
At ₹4 on a face value of ₹2, the proposed dividend is 200% of face value and double the maiden ₹2 paid a year earlier. Against the market price the amount remains small — Trendlyne put the trailing yield near 0.24% at an August 2026 price around ₹824.
Every NSDL record date so far
The listed-era table is short because the history is short. Both rows trace to NSDL’s exchange-reported announcements, republished by the records under Sources.
| Financial year | Dividend type | Amount per share | Record date | Payment |
|---|---|---|---|---|
| FY2025 | Final | ₹2 | Friday, 19 Sep 2025 | Credited on or before 28 Oct 2025 |
| FY2026 | Final (proposed) | ₹4 | Friday, 11 Sep 2026 | On or before 22 Oct 2026, subject to AGM approval |
The FY2025 row has a quirk. The board recommended the ₹2 dividend on 23 May 2025, while NSDL was still unlisted — but eligibility was fixed on 19 September 2025, six weeks after the 6 August listing, and the 13th AGM approved it on 29 September 2025. IPO buyers therefore qualified for a dividend recommended before the stock ever traded, per the announcement details reported by Angel One and Goodreturns.
Before listing, NSDL was already a dividend payer: the offer documents record ₹1 per equity share in both FY2023 and FY2024, as reported in Upstox’s pre-IPO review of its dividend policy. The four-year progression reads ₹1, ₹1, ₹2 and a proposed ₹4 — a rising line built from exactly four annual decisions, the last not yet approved.
Two record dates make a history, not a cadence. Both years have followed the same shape — an April or May recommendation, a September record date, an October payment — with no interim dividends since listing, so there has been exactly one record date per year. Whether it holds is a fresh board decision each year; as of the research date no dividend beyond the FY2026 final had been announced.
Ex-date and record date under T+1: the same day
The record date is the day the company reads its register: whoever holds the shares in their demat account that day receives the dividend. The ex-date is the first trading day a buyer no longer acquires that entitlement. The mechanics are covered in Gale’s explainer on what a dividend record date is and in record date versus ex-dividend date; the NSDL-specific point is that the two have coincided.
Since Indian equities completed the move to T+1 settlement in January 2023, a purchase settles into the demat account the next working day. The ex-date and the record date therefore generally fall on the same day: a buyer one day before the record date takes delivery on the record date and qualifies; a buyer on the record date settles a day too late. Both NSDL record dates landed on trading-day Fridays, so both were also the ex-date. The practical cut-off for the ₹4 dividend is thus Thursday, 10 September 2026.
On the ex-date, the share price typically opens lower by roughly the dividend amount, all else equal, because the entitlement has left the stock — buying on the last eligible day is not free income. For an Indian resident individual, dividend income is taxable at the applicable slab, with TDS deducted above the statutory threshold before crediting, subject to current law and the shareholder’s tax status.
What a one-year listed history can and cannot show
NSDL’s IPO was an offer for sale of ₹4,011.6 crore — existing shareholders, including NSE and IDBI Bank, sold shares to move toward regulatory ownership caps, and the company raised no fresh capital. The shares listed on BSE at ₹880 against an issue price of ₹800, as Business Standard reported on listing day. Because no new shares were issued, the dividend record carries over from the same underlying business; listing changed who owns NSDL, not what it earns.
What the record can show is limited but real: a payout habit that predates the IPO, a doubling of the per-share amount in the first listed year, and a September record-date slot repeated once. What it cannot show is whether interims ever appear, whether the amount keeps rising, or whether September remains the slot. A newly listed company’s dividend page typically looks exactly like NSDL’s — a policy statement, a handful of rows, no established rhythm — and treating that as a forecast is the reading error to avoid. Whether the payout is well supported by NSDL’s earnings is a separate question from when it is paid; the business itself is discussed in Gale’s NSDL research page, which covers valuation rather than corporate-action mechanics.
How to track the next record date
- Gale’s dividend record-date calendar — gale.in’s live calendar of upcoming NSE record dates, updated daily from NSE’s published corporate-action feed.
- BSE’s corporate-actions page — NSDL trades on BSE, so its record-date filings appear here with the issuer-reported purpose and ex-date.
- NSDL’s investor-relations section — the company’s own results and disclosures.
FAQ
When is the next NSDL dividend record date?
Friday, 11 September 2026, for the proposed FY2026 final dividend of ₹4 per share. Payment is due on or before 22 October 2026, subject to shareholder approval at the 22 September 2026 AGM.
Is the NSDL ex-date the same as the record date?
So far, yes. Under T+1 the two coincide when the record date is a trading day, and both of NSDL’s have been trading-day Fridays. The cut-off to qualify is one trading day earlier.
Did NSDL pay dividends before it listed?
Yes. The offer documents record ₹1 per share in FY2023 and FY2024, as reported by Upstox. The FY2025 dividend of ₹2 was recommended before listing but paid after it, with a 19 September 2025 record date.
How many dividends does NSDL pay in a year?
One so far: a single final dividend each year, with no interims since the August 2025 listing. That is a two-year observation, not a policy — each year’s count is a fresh board decision.
Sources and data notes
- NSDL’s record-date announcement for the FY2026 dividend as republished by ScanX, with declaration dates cross-checked against Dhan’s dividend record.
- The FY2025 maiden listed dividend per announcement reports by Angel One and Goodreturns.
- Pre-listing payouts per the offer documents as reported by Upstox.
- Listing details per Business Standard; trailing-yield context per Trendlyne. All checked on 22 August 2026.
- Settlement mechanics per NSE’s move to T+1, completed January 2023, under which ex-date and record date generally coincide.
Record dates and amounts are historical facts as filed; the FY2026 payment remains subject to AGM approval, and future dividends are board decisions that can change in amount, timing or existence. Confirm the latest filing on BSE or the company’s investor-relations page before relying on any date.
This article is for research and education, not personalised investment advice or a recommendation to buy, sell or hold any security. Gale is not a SEBI-registered investment adviser. Dividends are not guaranteed, and market prices adjust around ex-dates; verify current filings and consider a qualified professional before acting.