Navratna Company Concor Board Fixes Record Date For Final Dividend

Container Corporation of India Ltd., a large-cap business with a market capitalization of Rs. 45,020.76 crore, works in the logistics sector. The Ministry of Railways has designated Container Corporation of India as a Navratna, an organisation that provides logistical assistance for domestic and international commerce and containerization. The Board of Directors of the firm has decided that September 21, 2022 will serve as the record date for the 60% dividend, or Rs. 3.00 per share of Rs. 5/-, for the fiscal year that ended on March 31, 2022.

The Board of Directors said in a regulatory filing that “Pursuant to Section 91 of the Companies Act, 2013 along with applicable rules and Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notice is hereby given that the Register of Members and Share Transfer Books of the company would remain closed from 22.09.2022 to 28.09.2022 (both days inclusive) for AGM and for the purpose of payment of final dividend of Rs.3.00 per share of Rs.5/- each for the financial year ended on 31.03.2022, which is subject to approval by shareholders in the Annual General Meeting of the Company.

Pursuant to section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2015 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, the company is providing to its members the facility to cast their vote by electronic means (remote e-voting and e-voting in AGM) on all resolutions set forth in the Notice of AGM.

The AGM Notice outlines the e-voting instructions. The cut-off set for e-voting is September 21, 2022. (Wednesday). The remote e-voting period would run from Saturday, September 24, 2022, from 9:00 a.m. to Tuesday, September 27, 2022, at 5:00 p.m.

CCIL shares on the NSE finished at Rs. 741.20 a share on Friday, down 2.93 percent from the previous closing of Rs. 763.55. Over the previous year, the stock has increased by 4.69%, and so far in 2022, it has grown by 19.59%.

In contrast to the 20-Day average volume of 3,288,312 shares, the stock’s total volume on Friday was 1,726,871 shares. At the current market price, the stock is trading 5.21% below the high and 33.79% above the low. The stock had a 52-week high of 782.00 on (13-September-2022) and a 52-week low of 554.00 on (20-May-2022).

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