REC Limited, a Maharatna company and a key player in India's power sector financing, has announced that its Board of Directors will convene on March 19, 2025. The primary agenda for this meeting is to consider the proposal for the declaration of the 4th Interim Dividend for the financial year 2024-25.

As per regulatory norms, this announcement aligns with Regulation 29 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. Investors and stakeholders should note that any dividend declaration will be subject to approval during the meeting.

Additionally, in adherence to REC’s Code of Conduct for regulating, monitoring, and reporting of trading activities, the company has imposed a trading window closure from March 13, 2025, to March 21, 2025. During this period, designated persons and their immediate relatives are restricted from trading REC’s equity shares and other listed securities. The trading window will reopen on March 22, 2025.

This development is crucial for investors, as dividend payouts often indicate financial strength and return value to shareholders. REC Limited has consistently rewarded its investors, and this upcoming board decision will be closely watched.

Disclaimer

The information in this article is based on REC Limited’s official announcement and is for informational purposes only. Investors should conduct their own research and consult financial advisors before making investment decisions. The article does not constitute financial advice or a recommendation to buy or sell securities.