Thursday, February 29, 2024

PowerGrid to announce dividend, Q2 results on November 7; fixes record date

Power Grid Corporation of India, the state-run power transmission company, will announce its financial results for the second quarter of FY24 on November 7, Tuesday. The company’s board will also declare an interim dividend in the quarterly earnings.

PowerGrid’s board of directors will meet on November 7 to announce the earnings for the quarter ended September 2023 and an interim dividend, it said in a release. The company has also fixed 16th November, 2023 as the record date for the dividend, it added.

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“… a Meeting of Board of Directors of POWERGRID is scheduled to be held on Tuesday, 7th November, 2023 to consider and approve amongst other items of Agenda, the Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2023 after these results are reviewed by the Audit Committee and the declaration of Interim Dividend out of the profits of the Company for the FY 2023-24,” PowerGrid Corporation of India said in a regulatory filing. 

Further, it informed that the company has fixed Thursday, 16th November, 2023 as the ‘Record Date’ for the purpose of ascertaining the eligibility of the shareholders for payment of Interim Dividend, if declared, by the Board of Directors.

At 2:30 pm, PowerGrid Corporation of India shares were trading 0.43% higher at 200.45 apiece on the BSE. 

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Updated: 25 Oct 2023, 02:33 PM IST

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