RIL, Reliance Industries Limited (RIL) has officially announced a dividend of INR 8 per equity share was “recommended”. For this financial year ended March 2022, the company said in its an official statement.
However, the key final decision is to remain with RIL board members. And upon the said dividend price and only be decided after the approval of the Annual General Meeting members.
The meeting which was held on Friday mentioning the meeting minutes. And recommended a dividend of INR 8 per equity share of 10 each for the financial year ended.
The company has also stated that. “We shall inform you in due course date on which the company will hold its Annual General Meeting. And the date from which dividend, if approved by the shareholders. Will be paid or warrants thereof dispatched to the shareholders.”
Profit of INR 16,203 crore was observed in this ended financial year. With 22.4 % compared to an year ago was INR 13,227 crores. Whereas revenue jumped by 36.79% to INR 211,887 crore in FY22 Q4. Against INR 154,896 crore in the same quarter last year.
“I am particularly happy with the progress our Company is making in the New Energy and New Materials business. We are forging ahead with the development of our New Energy Giga Factories complex across 5,000 acres in Jamnagar. And with the strong global partnerships we have. I am confident that Reliance will create sustainable. And affordable new energy solutions for India to help her meet growing energy needs. While ensuring that we achieve our ambitious target of Net Carbon Zero by 2035”. Said Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited.