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Garuda Construction and Engineering Limited has provided an update regarding its interim dividend distribution. The management has determined that due to a banking restriction, the dividend payment of less than Re. 1 cannot be processed. Consequently, they propose to implement a minimum dividend of Re. 1 or, alternatively, an amount of rounding off to Rs. 1.01, given the inability to manage three decimal places under these circumstances. This decision stems from consultations with bank officials and the Registrar and Transfer Agent (RTA). Stakeholders should monitor this development as it could impact shareholder satisfaction and dividend expectations.
All announcements from Garuda Construction and Engineering Limited