Capital Trust Limited has issued a clarification regarding a previously communicated record date. In a regulatory filing to the stock exchanges on June 13, 2025, the company announced that the record date pertaining to an outcome of its board meeting held on June 12, 2025, has been revised. The corrected record date is now set for Wednesday, June 18, 2025.
| Particulars | Date |
|---|---|
| Board Meeting Date (Outcome Announced) | June 12, 2025 |
| Date of Correction Announcement | June 13, 2025 |
| Revised Record Date | June 18, 2025 |
Details of the Record Date Correction
Capital Trust Limited formally notified both the BSE Limited (Scrip Code: 511505) and the National Stock Exchange of India Limited (Symbol: CAPTRUST) about this important update. The communication, dated June 13, 2025, was disseminated to ensure that all stakeholders are aware of the accurate record date. The letter, signed by Tanya Sethi, Company Secretary & Compliance Officer of Capital Trust Limited, stated, "In continuation of our outcome of the board meeting dated 12th June, 2025, please read the Record Date as Wednesday, June 18, 2025."
This announcement serves as an official amendment to any prior information that may have been circulated regarding the record date for the corporate action decided upon during the board meeting on June 12, 2025. The specific nature of the corporate action was not detailed in this particular notification, which focused solely on the rectification of the record date.
Significance of a Record Date in Corporate Actions
A record date is a crucial element in the execution of any corporate action. It is the cut-off date fixed by a company's Board of Directors to determine which shareholders are eligible to receive the benefits of a particular corporate action. These actions can include, but are not limited to, the payment of dividends, issuance of bonus shares, stock splits, or participation in rights issues.
Shareholders whose names appear in the company's register of members (or as beneficial owners in the records of depositories) as of the close of business on the record date are entitled to the announced benefits. Consequently, the accuracy and timely communication of the record date are of paramount importance. It allows investors to make informed decisions about buying, selling, or holding shares to ensure their eligibility for the corporate action. Any error or ambiguity in the record date can lead to confusion among investors, potential disputes, and complications in the distribution of entitlements.
Implications of the Revision by Capital Trust
The prompt correction of the record date by Capital Trust Limited to June 18, 2025, is a significant step in maintaining clarity and transparency for its investors and the broader market. This revision ensures that all market participants, including individual investors, institutional investors, and depository participants, operate with the correct information.
By establishing a clear and accurate record date, the company facilitates the orderly settlement of trades and ensures that the benefits of the corporate action are correctly attributed to the eligible shareholders. This proactive measure helps prevent potential confusion that could arise from an incorrect date and upholds the integrity of the process. Investors who intend to be eligible for the outcome of the June 12 board meeting now have a definitive date to consider for their investment decisions related to Capital Trust shares.
Company's Communication and Compliance
Capital Trust Limited's decision to issue a formal correction on June 13, 2025, immediately following the board meeting outcome from June 12, 2025, underscores its commitment to diligent and accurate public disclosures. The communication was addressed to The Manager – Listing Department of both BSE Limited, located at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, and the National Stock Exchange of India Limited, at Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai.
Such disclosures are a fundamental aspect of corporate governance and are mandated by regulatory bodies to ensure market integrity and protect investor interests. The role of the Company Secretary & Compliance Officer, in this case, Tanya Sethi, is pivotal in overseeing these regulatory communications. This function ensures that the company adheres to all applicable laws and listing obligations, maintaining transparency with its shareholders and the regulatory authorities.
While the correction pertains to a single date, its importance lies in the broader context of regulatory compliance and shareholder rights. Accurate and timely information is the bedrock of a well-functioning securities market, and such corrective actions, when necessary, contribute to building investor confidence.
Shareholders and potential investors in Capital Trust Limited are advised to take note of this revised record date of June 18, 2025, for the corporate action stemming from the board meeting of June 12, 2025. Further details regarding the specific corporate action itself would typically be available in the initial announcement of the board meeting outcome.
