Team News Riveting
Mumbai, May 23
Power Grid Corporation of India Limited board has recommended final dividend of Rs 2.25 per share or 22.50 per cent of total paid-up capital of the company for the financial year 2021-22 (FY22).
The recommendation is subject to approval of shareholders at the Annual General Meeting (AGM) of the company. This final dividend is in addition to the interim dividend of Rs 7 (70 per cent of total paid-up capital of the company) announced in January 2022
“It is informed that Board in its meeting held on 21st May, 2022 has recommended a final dividend of Rs. 2.25 per share (i.e. @ 22.50% on the paid up equity share capital} for the financial year 2021-22 subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company,” the public sector enterprise under the ministry of power said in a regulatory filing today.
The final dividend would be paid within 30 days from the date of its declaration at the AGM. This final dividend is in addition to the 1st Interim Dividend of Rs. 7 .00 per share (including Special Dividend of Rs. 3.00 per equity share) i.e. @ 70 per cent on the paid up equity share capital paid on 11th January, 2022 and 2nd Interim Dividend of Rs. 5.50 per share (i.e. @ 55 per cent on the paid up equity share capital) paid on 8th March, 2022 for the financial year 2021-22, the company said.
