Larsen & Toubro (L&T) schedules Board Meeting on October 28 to approve special dividend. Further November 5 is fixed as the record date for declaration.
The Mumbai based infrastructure company stated in its BSE regulatory filing. “Pursuant to Regulation 29 of Listing Regulations, Notice is hereby given that at the meeting of the Board of Directors of the Company (the “Board”) scheduled to be held on Wednesday, October 28, 2020, it is proposed to consider and approve Special Dividend on equity shares, for the Financial Year 2020-21.”
“Please note that the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Thursday, November 5, 2020.”
The company has bagged the Mumbai-Ahmedabad Bullet train project for Rs 25,000 crore.
