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  Corporate Action Life Cycle - Mandatory with Choice/Voluntary Corporate Action   Above chart is process flow Mandatory with choice Corporate Action/Voluntary Corporate Action( Elective CA) Life cycle. Before explaining of above process flow, let us understand Mandatory with choice Corporate Action/Voluntary Corporate action meaning. Voluntary Corporate Action is the corporate event in the market where share holder have choice to participate in the event. Here shareholder affected with price change in shares after completion of Corporate Action Life cycle for some of CA events. Let us understand above process flow in details. In above process flow, there are three arrows. Arrow 1 (In yellow) denote for Corporate Action event Notification flow , Arrow 2 (in Green) denotes for Corporate Action E lection flow and Arrow 3 (In Orange) denoted for Corporate Action Payment flow. 1. First step of Corporate Action event Life Cycle is to flow of Notification Announcement from the issuer to Age

  Mandatory Corporate Action Life Cycle Above chart is process flow Mandatory Corporate Action Life cycle. Before explaining of above process flow, let understand Mandatory Corporate action meaning. Mandatory Corporate Action is event in the market where share holder does not have any choice to participate in the event. Here shareholder affected with price change in shares after completion of Corporate Action Life cycle. Let us understand above process flow in details. In above process flow, there is two arrows. Arrow 1(In yellow) denote for Corporate Action event Notification flow and Arrow 2(in Green) denotes for Corporate Action Payment flow. 1. First step of Corporate Action event Life Cycle is to flow of Notification Announcement from the issuer to Agent. Issuer nominate specialized merchant banker as agent 2. Second step of CA event Life cycle is to flow notification announcement from agent to sub custodian/depository. 3. Third step of CA event Life cycle is to flow Notification

                                                      Corporate Action Basic What is Corporate action?  In layman term, any action performed by corporates which turns to affect your security is called corporate action. In other words, Any decision made by the issuer or board of director which affect shareholder security is corporate action. Types of Corporate Action There are mainly three types of Corporate Actions 1. Mandatory Corporate Action 2. Mandatory with choice Corporate Action 3. Voluntary Corporate Action 1. Mandatory Corporate Action: This is a type of Corporate Action where shareholder does not have any choice to elect. Impact of security is Mandatory in nature. Examples: Stock split Reverse split Merger Assimilation(Pari Passu) 2. Mandatory with choice Corporate Action: This type of Corporate action where shareholder has choice to election between mandatory election or payout Example: Currency Dividend  Optional Dividend Dividend Reinvestment Plan(DRIP) To explain more in