with market valuation of 17,14,256.39 crore, Reliance Industries Limited is a large cap corporation that produces petroleum products. Largest private sector company and Fortune 500 company in India Reliance Industries Limited. The company’s business activities include the research and production of oil and gas, as well as the production of synthetic textiles and fabrics, plastics, chemicals, petroleum products, polyester products, and polyester intermediates. The Board of Directors of the company has recommended a dividend of Rs. 8.00 per equity share. 10 for the financial year ended March 31, 2022. This equates to a dividend yield of 0.31 percent at the stock’s current price. 2,532.90. To determine shareholders’ eligibility to receive dividends, the company has announced a record date, which shareholders need to be aware of.
On 6 May 2022, the company said in a regulatory filing that “the board of directors has recommended a dividend”. 8/- per fully paid-up equity share 10/- for every financial year ending 31st March, 2022. This payment of dividend is subject to the approval of the members of the company in the ensuing Annual General Meeting of the company.”
For the purpose of the same, yesterday on 6th August, the Board of Directors said in a stock exchange filing that “the Company has fixed Friday, 19th August, 2022 as the “record date” for determination of members eligible to receive the dividend. for the financial year 2021-22. The dividend, if declared at the AGM, shall be paid within one week from the conclusion of the AGM.”
Compared to the same quarter last year, the Company reported a growth of 46.3 per cent in Consolidated Net Profit 17,955 crore (above .) in Q1FY23 12,273 crore). Reliance IndustriesShares closed on NSE on Friday 2,532.90 per share, down 39.00 or 1.52 percent from the previous level of 2,571.90. The stock has gained 5.37 percent YTD so far in 2022.
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