REC Postponed Board Meet to March 19 to consider 3rd Interim Dividend
As earlier informed, the proposal related to the declaration of the 3rd Interim Dividend, if any, for the financial year 2023-24, will inter-alia be considered at the Board meeting to be held on March 19, 2024.
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New Delhi: REC Limited today in its BSE filing states that the meeting of the Board of Directors, which was earlier scheduled to be held on Saturday, March 16, 2024 has been postponed.
Now the meeting has been shifted to March 19, 2024, due to unavoidable circumstances. As earlier informed, the proposal related to the declaration of the 3rd Interim Dividend, if any, for the financial year 2023-24, will inter-alia be considered at the Board meeting to be held on March 19, 2024.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYFurther, pursuant to Regulation 42 of SEBI (LODR) Regulations 2015, the Company has fixed Thursday, March 28, 2024 as the 'Record Date' for the purpose of ascertaining the eligibility of the shareholders for payment of said 3rd Interim dividend, if declared by the Board of Directors.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsFurther, as per the Company's "Code of conduct for regulating, monitoring & reporting of trading by designated persons & their immediate relatives and for fair disclosure" the trading window which was closed since March 6, 2024 to March 18, 2024, will now remain closed till March 21,2024 for trading in REC's equity shares and listed debt securities (tax free bonds etc.) and the trading window will open with effect from March 22, 2024. During the said closure period, all designated persons and their immediate relatives are advised not to deal in REC's equity shares / securities.
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