The Board of Directors of Shriram Transport Finance Company Limited (SRTRANSFIN) held its meeting on March 25, 2021. It has declared a Second Interim Dividend of Rs 6 per equity share for financial year 2020-21. The Board meeting commenced on 11.00 A.M. and concluded at 01.15 P.M.
Shriram Transport Finance Company Q3 Result
The company had reported reported 17 per cent decline in net profit at Rs 727.72 crore for December quarter 2020-21 as it made additional provisions related to the COVID-19 pandemic. However, The key net interest income rose to Rs 2,148.22 crore from Rs 2,113.75 crore in the same period of the previous year.
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SRTRANSFIN Dividend Record Date
The company in its letter informed the exchanges that it has fixed April 5, 2021 as the Record date. Consequently, the declared dividend will be paid to those members who hold shares in physical form or in electronic form and whose names appear in the Register of Members of the Company on April 6, 2021.
To receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – In other words, if you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Moreover, here is the copy of statement, the company has sent to the exchanges:
We inform you that the Board of Directors of the Company at their meeting held today has inter-alia, approved: A) Declaration of second interim dividend of Rs.6/- per equity share of Rs. 10/- each fully paid up (60%) for the Financial Year 2020-21. This is in addition to the first interim dividend of Rs. 6 per equity share of Rs. 10 each fully paid-up (60%). and, B) Fixation of Tuesday, 6th Apri1, 2021 as Record Date for the purpose of payment of the said second interim dividend for the Financial year 2020-21.
Important Dates
- Company – Shriram Transport Finance Company
- Script Name – SRTRANSFIN (NSE) and 511218 (BSE)
- Dividend Amount – 6 Rs Per Share
- Dividend Type – Interim (2nd)
- Ex-Dividend Date – 05 April 2021
- Record Date – 06 April 2021
- Payment Date – On April 16, 2021
Also, you can find more information about Shriram Transport Finance Company on National Stock Exchange and Moneycontrol – Shriram Group is an Indian conglomerate founded on 5 April 1974 by Ramamurthy Thyagarajan, AVS Raja and T. Jayaraman. The company is wholly owned by Ajay Piramal who is a billionaire and industrialist from India.
