1 week ago
Complaint Puts SRTT’s Rs 2,900 Crore Dividend Delay Under Scrutiny
A new complaint is asking questions about a very large dividend payment involving SRTT.
The amount mentioned is Rs 2,900 crore.
The payment has been delayed.
The complaint says the delay is continuing to cause financial effects.
Doiphode asked the trustees to explain what they have done.
The requested explanation includes legal and administrative actions.
It also asks about steps taken after the annual meeting was postponed.
The available report does not state how the trustees responded.
A fresh complaint has raised questions about a delayed Rs 2,900 crore dividend involving SRTT.
The complaint focuses on the continuing financial consequences of the delay.
Doiphode asked SRTT trustees to disclose steps taken to protect the trust’s interests.
The requested disclosure includes legal, administrative and other measures considered or undertaken.
The representation refers to actions following the adjournment of SRTT’s annual general meeting.
- Who
- Doiphode made the representation concerning SRTT trustees.
- What
- A fresh complaint has put a delayed Rs 2,900 crore dividend under scrutiny.
- Where
- When
- Why
- The representation cites the size of the funds and the continuing financial consequences of the delay.
Key facts
- Amount involved
- Rs 2,900 crore
- Issue
- Delay in a dividend payment
- Complainant
- Doiphode
- Recipient
- SRTT trustees
- Requested disclosure
- Steps taken to safeguard SRTT’s interests
- Measures mentioned
- Legal, administrative and other measures
- Related event
- Adjournment of SRTT’s annual general meeting
Quotes
Doiphode
The person who submitted the representation concerning the SRTT trustees and delayed dividend.
“it would be appropriate for the Trustees to place on record the steps taken by them to safeguard the interests of SRTT, including the legal, administrative and other measures considered or undertaken following the adjournment of the annual general meeting”
timesnownews.com
Sources
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