The record date for IRCTC’s (Indian Railway Catering & Tourism Corporation) final dividend payment to shareholders has been established. The business stated in a regulatory filing that August 19 is the record date for the IRCTC share dividend. It indicates that on August 19, IRCTC will distribute dividends to its shareholders who own IRCTC shares in their Demat accounts. One of the corporate acts is a dividend.
For the fiscal year 2021–2022, IRCTC has declared that it will pay a final dividend of Rs. 1.50 per share. The IRCTC share dividend equalled 75% of the company’s paid-up equity share capital. IRCTC shares have a face value of Rs 2.
The annual general meeting must approve the dividend before it is paid out (AGM). If the AGM approves the dividend, it will be paid out within 30 days of being declared.
IRCTC stated in a regulatory filing that “the firm has selected Friday, August 19, 2022, as the ‘Record Date’ for assessing the eligibility of members to final dividend for the financial year ended March 31, 2022, if approved at the AGM.
In 1999, IRCTC was established. For the Indian Railways, it offers ticketing, catering, hospitality, and tourism services.
In 2019, IRCTC went public on the National Stock Exchange (NSE). Most of the company is still owned by the Indian government.