Railtel Share Dividend 2022 Record Date: Railtel Corporation of India Ltd. (RAILTEL) is a ‘Mini Ratna (Category-I)’ PSU and one of the largest neutral telecom infrastructure providers in the country. It offers an optic fiber network acorss the country and covers over 61,000 route kilometers and is spread across more than 6,102 railway stations across India. Citywide access across the country is more than 21,000 km.
The company also has a strategic relationship with the Indian Railways and offers various passenger services.
According to a regulatory filing, Railtel’s share dividend record date is September 23. The date will define the eligibility of members entitled to get the Final Dividend of Rs 0.65 per share for the financial year 2021-22. The amount was recommended by the Company’s Board of Directors in the meeting held on July 9, 2022.
“The Company has fixed Friday, 23rd September, 2022 as “Record Date” for the purpose of determining the eligibility of Members entitled to receive the Final Dividend of Rs. 0.65/- per share for the FY 2021-22 recommended by the Board of Directors of the Company in their meeting held on 09th July, 2022,” Railtel said in the regulatory filing.
It is important to note that Railtel share dividend payment is subject to the approval of members of the company in the 22nd Annual General Meeting (AGM). The meeting will be held on September 30 at 11:30 am. The meeting will be held through video conferencing.
Railtel share dividend 2022 payment date
If approved at the AGM, the Final Dividend will be paid within 30 days from the date of its declaration at the AGM.
Earlier in January, the company had announced an Interim Dividend of Rs 1.75 or (17.5%) per share.
Railtel Share Price History
Railtel IPO was listed on the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) on February 26, 2021. Its all-time high was Rs 189.70 on March 3, 2021 and its all-time low was Rs 84 on March 31, 2022. Today, i.e. on September 22, Railtel ended in green by registering a growth of around 1.89%.