Last day to secure dividend of Reliance Finance

Apr 22, 2021 08:26 AM Merolagani

Today is the last day to secure the dividend of Reliance Finance RLFL). The company is closing its book on April 23 for the upcoming AGM, thus the shareholders registered in its book till April 22 will be eligible to attend the AGM and obtain the announced dividend.

The company is conducting its 11th AGM on May 5 in Lainchaur Banquet, Lainchaur through a virtual medium.

The meeting will approve a proposal of distributing 10 percent stock and 0.53 percent cash dividend. Moreover, the meeting will delegate authority to BOD to forward the merger/acquisition process with a suitable partner and amend its article and memorandum of association.

The company has current paid-up capital of Rs 832.4 million that will reach Rs 915.6 million after the bonus share distribution.

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