with a market capitalization of 3,279.99 Crore, RailTel Corporation of India Limited is a Small Cap company dealing in Telecom Industry. One of the largest neutral telecom infrastructure providers in the country and a “Mini Ratna (Category-I)” Central Public Sector Enterprise, RailTel has a pan-India presence for its optic fiber network offering. At present, RailTel’s optical fiber network is spread over 61000 route kilometers and 6102 railway stations across India. The nationwide reach extends over 21,000 km. Additionally, RailTel offers a variety of passenger amenities like entertainment, on-demand services and Wi-Fi at all the famous railway stations in India. According to data from Value Research, RailTel Corporation of India is a debt-free company, but apart from this, potential investors and existing shareholders should be aware of the record date for the dividend, which has been announced by the company.
RailTel’s Board of Directors in a regulatory filing said that “It is informed that the 22nd Annual General Meeting (‘AGM’) of the members of the Company will be held on Friday, the 30th September, 2022 at 11:30 hrs (‘AGM’). 1ST) through video conferencing (“VC”) / other audio-visual means (“OAVM”), in compliance with the relevant circulars issued by the Ministry of Corporate Affairs (“MCA”) and Securities Exchange Board of India (” SEBI”). 2. The intimation of the AGM along with the Annual Report for the financial year 2021-22 will be sent by electronic mode to the members whose email addresses are registered with the company/depository participants as on 2nd September 2022. Circular issued by MCA and SEBI 3. The Company has fixed Friday, 23 September 2022 as the “Record Date” for the purpose of determining the eligibility of the members to receive the final dividend of Rs.0.65/- per share for the FY 2021. has done. -22 by the board of directors of the company 0 . Recommended in the meeting held on 9 July 2022. The final dividend, if approved at the AGM, shall be paid within 30 days from the date of its declaration at the AGM.”
RailTel Corp of India Limited shares closed on NSE today 101.95 each, up 0.30% from the previous close. The stock has fallen 22.41% in the last 1 year and the stock has fallen by 12.90% so far in 2022 on a YTD basis.
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