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RITES Limited Revises Record Date for FY 2024-25 First Interim Dividend

RITES Limited has announced a revision in the record date for the payment of the first interim dividend for the financial year 2024-25. The new record date is now set for Thursday, August 08, 2024, according to the company's latest communication.

Key Update: Revised Record Date for Interim Dividend

Official Announcement Details

RITES Limited, a prominent public sector enterprise under the Ministry of Railways, has revised the record date for its first interim dividend for FY 2024-25. Initially set for August 07, 2024, the company has now adjusted the date to August 08, 2024.

  • Revised Record Date: August 08, 2024
  • Original Record Date: August 07, 2024
  • Purpose: Payment of the first interim dividend for FY 2024-25, contingent on Board approval.

Communication with Stock Exchanges

In a formal communication dated July 30, 2024, RITES Limited informed both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) about this update. The company's notice emphasizes that the change is in continuation of their previous letter dated July 23, 2024.

Importance of Record Date

The record date is critical for shareholders as it determines their eligibility to receive the declared dividend. Shareholders on record as of August 08, 2024, will be entitled to receive the first interim dividend, provided it is approved by the Board.

Additional Details

Impact on Shareholders

This revision allows shareholders and investors to better align their trading activities and ensures that all eligible stakeholders are duly informed. The dividend, upon declaration, will reflect RITES Limited's commitment to delivering value to its shareholders.

Company Background

RITES Limited, also known as The Infrastructure People, is a Schedule 'A' enterprise and a leading player in transport infrastructure consultancy and engineering. The company is renowned for its expertise across sectors, including railways, highways, ports, and airports.

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