Team News Riveting
Mumbai, November 1
REC Limited on Wednesday declared the second interim dividend of Rs 3.50 per share for the financial year 2023-24.
The company has fixed November 13 as the record date for determining the members entitled to receive the interim dividend, REC Limited said in a regulatory filing today.
“Declaration of 2nd interim dividend @ Rs 3.50 (Rupees Three and Paise Fifty only) per equity share of Rs 10 each for the financial year 2023 -24. Further, 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 (a) as beneficial owners in the statement(s) 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 (b) as members in the register of members on November 13, 2023 in respect of physical shares,” the company said.
The decision was taken at the meeting of the Board of Directors of REC Limited held on November 1, 2023. The board inter-alia also considered and approved the following:
1. Unaudited financial results (standalone & consolidated) of the Company for the quarter and half year ended September 30, 2023, which have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their meetings held on November 1, 2023. The said financial results have been subjected to Limited Review by M/s. Kailash Chand Jain & Co. and M/s S C V & Co LLP, Statutory Auditors of the Company, A copy of Financial Results and Limited Review Report thereof, are enclosed herewith.
2. Special Purpose Financial Statements (Standalone and Consolidated) for the period ended September 30, 2023, which have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their meetings held on November I, 2023. The same has been prepared for the purpose of inclusion of financial information in respect of fund raising programmes of the company and its holding company. A copy of Special purpose financial statements and Limited Review Report there of, are also enclosed herewith ,
