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Garuda Construction and Engineering Ltd
Corporate Action-Board approves Dividend
07:37 PM, 27th Feb 2025
This is in reference with our letter dated February 7 2025 and the discussions held with the RTA and Bank officials regarding the Corporate Action for the Dividend. As the distribution of the dividend to each shareholder could not be processed due to the restriction from Bank that the payment of less than Re.1/- wont be possible. So as per the advice of the Bank and the RTA the management is of the opinion that a minimum dividend of Re. 1/- should be paid and/or amount of rounding off two decimals like Rs.1.01/- should be given considering the 3 decimals are not possible in such circumstances.Kindly take the same on your record.
