1 week ago
RITES Sets September 20 Record Date for Final Dividend
RITES plans to pay shareholders a final dividend of Rs 2.75 for each share they own.
The company will check its shareholder records on September 20.
People who hold the shares on or before that date are described as eligible for the payout.
Shareholders must first approve the dividend at a meeting on September 25.
If approved, RITES’ total dividend for FY26 will be Rs 9.05 per share.
The company also reported stronger results in the first quarter of FY27.
Its profit increased to Rs 97.78 crore.
Its revenue also rose to Rs 532.20 crore.
The share price ended at Rs 217.69 after falling 1% that day.
RITES set September 20 as the record date for its Rs 2.75-per-share final dividend.
The final payout is subject to shareholder approval at the September 25 annual general meeting.
RITES’ total dividend for FY26 would reach Rs 9.05 per share after the final payout.
Q1 FY27 consolidated net profit rose 7.5% year-on-year to Rs 97.78 crore.
RITES shares closed at Rs 217.69, down 1% from the previous close.
- Who
- RITES and its shareholders.
- What
- RITES announced a September 20 record date for a proposed Rs 2.75-per-share final dividend and set its AGM for September 25.
- Where
- The announcement concerns RITES shares traded on exchanges; no specific location is stated.
- When
- The record date is September 20, and the AGM is scheduled for September 25; the article does not specify the year.
- Why
- To determine shareholder eligibility for the final dividend and seek shareholder approval.
Key facts
- Company
- RITES, a state-run railway company and Navratna PSU
- Final dividend
- Rs 2.75 per share
- Record date
- September 20
- Annual general meeting
- September 25
- Total FY26 dividend
- Rs 9.05 per share
- Q1 FY27 net profit
- Rs 97.78 crore, up 7.5% year-on-year
- Q1 FY27 revenue
- Rs 532.20 crore, up 8.6% year-on-year
- Share closing price
- Rs 217.69, down 1% from the previous close
Sources
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