REC Final Dividend 2025 Announced: Check Amount, Payment Date And More

REC Ltd., formerly known as Rural Electrification Corporation, has announced the recommendation of a final dividend for the financial year 2024-25, according to an exchange filing made by the company on Thursday.

The decision was approved by the company’s Board of Directors at its meeting held on May 8. The proposed final dividend is subject to approval by shareholders at the upcoming Annual General Meeting (AGM).

The Board has recommended a final dividend of Rs 2.60 per equity share of face value Rs 10 each for the financial year 2024-25. This is in addition to the interim dividends totalling Rs 15.40 per share, which were declared in four tranches earlier during the financial year.

With this recommendation, the total dividend for FY 2024-25 amounts to Rs 18 per equity share.

If approved by shareholders at the AGM, the final dividend will be paid within 30 days from the date of its declaration at the meeting.

The company’s announcement is in line with the disclosure requirements under Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors also approved the audited financial results (standalone and consolidated) of the company for the quarter and year ended Mar. 31, 2025. The company confirmed that its Joint Statutory Auditors have issued an unmodified opinion on these results, in accordance with Regulation 33(3)(d) of the SEBI Listing Regulations.

The audited financial results, along with the statement of assets and liabilities as of March 31, 2025, the auditors’ reports, and other requisite disclosures, have been submitted as part of the filing.

In addition, REC Ltd. announced the approval of its Special Purpose Financial Statements (standalone and consolidated) for the period ended March 31, 2025. These statements have been prepared for the purpose of updating financial information related to the company’s Global Medium Term Note (GMTN) programme and that of its holding company.

REC Limited, a leading public sector enterprise in the power sector financing space, continues its track record of rewarding shareholders with consistent dividend payouts.

REC, a 'Maharatna' enterprise under the Ministry of Power, serves as a financier and supporter of India’s power sector. The company provides financial assistance for a wide range of projects, including renewable energy initiatives, to various stakeholders across the industry.

REC shares were trading 1.55% lower at Rs 386.30 apiece on the NSE, as of 9:25 a.m. on Friday. This compares to a 0.71% decline in benchmark Nifty 50 at 24,100.95.