The company has the policy of declaring dividend at certain percentage and plough back the balance profits for future business expansions. The Company’s policy on declaring dividend is 20% of the consolidated profits of the company.The Board of Directors recommend dividend for any Financial Year out of the profits available and the same gets approved by the members at the Annual General Meeting. Upon approval by the members at the Annual General Meeting the company will pay the dividend within 30 days of declaration.
Dividend Trend at Redington since Listing
* To augment resources for serving the long-term loans taken from the banks, the Company had declared a lower dividend.
On approval by the Members at the General Meeting, the Dividend is paid to all benefi cial owners in electronic form as per data made available by NSDL and CDSL and to all shareholders in respect of shares held in physical form after giving effect to valid transfers in respect of transfer requests lodged with the Company on or before the close of business hours pf the Record Date. All correspondence with regard to share transfers/dividends and matters related therewith may be addressed directly to the Company’s Registrar and Share Transfer Agents at M/s. Cameo Corporate Services Limited, ‘Subramanian Building’, No. 1, Club House Road, Chennai - 600 002. Members are requested to lodge/notify the transfer deeds, communication for change of address, Bank details, ECS details, wherever applicable, mandates (if any) with the Company’s Registrars and Share Transfer Agents, M/s. Cameo Corporate Services Ltd., for shares held in physical mode.
As per the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016” the companies have to upload details of unclaimed dividend on their website.
Accordingly detailed information of Unclaimed Dividend is provided below for the benefit of Investors:
Details of unclaimed dividend as on 27th July 2016 Click Here
Shares to be transferred to IEPF
In terms of Section 124 of the Companies Act, 2013, read with Rule 6 of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, the Shares of the Company, in respect of which dividend entitlements have remained unclaimed or unpaid for seven consecutive years or more, are required to be transferred by the Company to the Investor Education and Protection Fund (IEPF) of the Government of India.
The statement containing the details of shares due for transfer is given below for the benefit of Investors.
Details of shares to be transferred to IEPF Click Here
Newspaper Advertisement on transfer of shares to IEPF Click Here