Curated By: Business Desk
Last Updated: October 28, 2023, 18:00 IST
The IRCTC inventory skilled a roughly 2 per cent surge.
The Indian Railway Catering and Tourism Corporation Ltd (IRCTC), which beforehand distributed a full 100% dividend to its traders, is prone to declare a mid-12 months dividend quickly. The last determination on this matter might be made through the 132nd assembly of the corporate’s Board of Directors. As per an official submitting on the Bombay Stock Exchange (BSE), the assembly is about to happen on Tuesday, November 7, 2023.
The Board of Directors will moreover evaluation the unaudited monetary outcomes of the corporate for the quarter and half-12 months ending on September 30, 2023. In an official alternate submitting, the corporate acknowledged, “The 132nd meeting of the Board of Directors of the Company is scheduled for Tuesday, November 7, 2023, during which one of the agenda items is to consider and approve the unaudited financial results of the Company for the quarter and half-year ending on September 30, 2023, following their review by the Audit Committee.”
IRCTC has specified that November 17, 2023, is the designated report date for the cost of the interim dividend for the 12 months 2023-24. The report date signifies the date by which an investor should possess shares of a selected firm to qualify for participation in company occasions reminiscent of dividends, bonus shares, and extra. According to the official alternate submitting, “In accordance with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has set Friday, November 17, 2023, as the Record Date for determining the eligibility of shareholders for receiving the aforementioned Interim Dividend, if approved by the Board of Directors.”
IRCTC has beforehand disbursed a dividend of Rs 2, equal to 100 per cent, to its shareholders. The ex-dividend date for this distribution was August 18. Furthermore, an interim dividend of Rs 3.5 was paid earlier, with an ex-dividend date of February 22, 2023.
The IRCTC inventory skilled a roughly 2 per cent improve, reaching an intraday excessive of Rs 658. Currently, it’s up 1.77 per cent and buying and selling at Rs 656.50, whereas it had closed at Rs 645.10 within the earlier buying and selling session.
Over the previous 52 weeks, IRCTC shares have traded inside a spread of Rs 557.15 to Rs 775. The firm boasts a market capitalization of Rs 52,720 crore as of October 27, as reported on the BSE web site.
