Delhi/Bengaluru, NFAPost: HAL paid the second interim dividend of Rs 653.36 crore for the FY 2021-22 to the Government of India.

The dividend cheque was handed over to the Defence Minister Rajnath Singh by HAL Chairman and Managing Director R Madhavan and HAL Director (Finance) C. B. Ananthakrishnan in the presence of Defence Secretary Dr. Ajay Kumar in Delhi.

The Company had declared the second interim dividend of Rs. 26/- per equity share of Rs. 10/- each amounting to Rs. 869.41 crores on February 10, 2022, in addition to the first interim dividend of Rs. 14/- per equity share of Rs. 10/- each amounting to Rs. 468.14 crores earlier declared on November 11, 2021, total amounting to Rs. 1337.55 crores which included Government of India share of Rs. 1005.17 crores.

“It is the highest dividend declared by the company after listing of its shares on the Stock Exchange(s) and is more than what has been prescribed under DPE guidelines,” said HAL Chairman and Managing Director R Madhavan.

Additional Secretary (DP) Sanjay Jaju, Ministry of Defence Joint Secretary (Aero) Chandraker Bharti and HAL (HR) Alok Verma were also present on the occasion.

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