Mumbai: Reliance Industries Ltd said on Friday it will consider declaring a dividend at its Annual General Meeting to be held on June 27.
The company informed the Bombay Stock Exchange that the AGM would be held on June 27 and the dividend if declared at the meeting would be paid on or after June 27.
Earlier this month, RIL said its share transfer books would remain closed from June 3 to June 10 (both days inclusive) for the purpose of payment of dividend.
While declaring its results last month, the board of directors had recommended a dividend of Rs 10 per fully paid-up equity shares of Rs 10 each (100 per cent).
Reliance Industries Ltd had announced its audited results for the year ended March 31, 2006. The company accounted doubled net profit in just 24 months quoting a net profit of Rs 9,069 crore - the highest in the private sector.
"It has been a very good year in an extremely challenging environment. We took several strategic steps to enhance and distribute wealth to our shareholders," said Chairman and managing director Mukesh Ambani while commenting on the yearly results.
"Our profits have grown from a little over $1 billion to over $2 billion in a span of just 24 months. We are now investing in each of our businesses to achieve substantial earnings to create further value for millions of our shareholders," he added.
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