RITES Ltd recommends final dividend of Rs. 2.65

The Board of Directors of RITES Ltd has recommended Final Dividend of Rs. 2.65/- per share (i.e. 26.50%) on 48,06,03,774 equity shares of face value of Rs. 10 /- each of the Company for the financial year 2024-25, subject to approval of the same by shareholders in the ensuing 51st Annual General Meeting of the Company. Upon approval of shareholders, the dividend declared will be paid within thirty (30) days of declaration, subject to deduction of applicable Tax at Source as per the provisions of the Income Tax Act, 1961 and rules framed thereunder.

Shares of RITES Limited was last trading in BSE at Rs. 246.15 as compared to the previous close of Rs. 233.15. The total number of shares traded during the day was 410455 in over 7520 trades.

The stock hit an intraday high of Rs. 248.90 and intraday low of 233.15. The net turnover during the day was Rs. 99958420.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 FinalDividend FY2025