REC declares second interim dividend, sets record date

by Psu Connect
Date: 01-11-23

Maharatna company REC Limited on November 1, 2023 in its board meeting declared the 2nd interim dividend at Rs 3.50.

REC declares second interim dividend, sets record date

New Delhi: The Maharatna company under the administrative control of the Ministry of Power, Government of India REC Limited on November 1, 2023 in its board meeting declared the 2nd interim dividend at Rs 3.50 (Rupees Three and Paise Fifty only) per equity share of Rs 10 each for the financial year 2023-24. Two months back in August REC Limited approved its first interim dividend for the current financial year worth Rs 3 per share.

The company in its BSE Filing states that, "The record date for the said interim dividend is Monday, November 13, 2023 and the said interim dividend shall be paid on or before November 30, 2023 to those shareholders, whose names appear as beneficial owners in the statement furnished by the depository(ies) as on the close of business hours on November 13, 2023 in respect of shares held in electronic form; and as members in the register of members on November 13, 2023 in respect of physical shares.

Earlier in its 54th Annual General Meeting (AGM) held in september the company issued bonus shares to shareholders in a 1:3 ratio, issuing 65,83,06,000 new fully paid-up equity shares of Rs 10/- each.

*The company's board meeting commenced at 10.30 a.m. today.