REC- 1-51.p65 - Rural Electrification Corporation Ltd.

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the Company are published in leading newspapers and also
hosted on the website of the Company.
iv. Audit Qualification: There are no audit qualifications.
v. Training to Board Members: It is need based.
vi. Mechanism for evaluating non-executive Board Members:
No mechanism in place.
vii. Whistle Blower Policy: The Company has not accepted any
separate “Whistle Blower” policy. However, under the
provisions of “Policy for Prevention of Frauds” adopted by
the Company, a Whistle Blower mechanism is in place for
detection, prevention and reporting of fraud. This policy
applies to any fraud or suspected fraud involving employees
as well as shareholders, consultants, vendors, lenders,
borrowers, contractors, outside agencies doing business with
the Company, employees of such agencies, and/or any other
parties with a business relationship with the Company. All
reports of fraud or suspected fraud are investigated with
utmost speed by the nodal officer(s) nominated for the
purpose.
9. Means of Communication
The Company communicates with its shareholders through
its Annual Report, General Meetings and disclosures through
website. All important information pertaining to the
Company is also mentioned in the Annual Report for each
financial year containing inter alia Audited Accounts,
Directors Report, Auditors Report, Report on Corporate
Governance and Non Banking Financial Companies
Auditors’ Report which is circulated to the members and
others entitled thereto.
The Company also communicates with its institutional
shareholders through investor conferences.
Quarterly/Half yearly/Annual Financial Results of the
Company are communicated to the Stock Exchange and
published in financial and national newspapers like The
Economic Times, The Times of India, Hindustan Times,
Hindustan Times (Hindi), Navbharat Times, Business
Standard, Mint, Financial Express, Hindu etc. These results
are also made available on Company’s Website at
www.recindia.nic.in.
10. CEO/CFO certification
As required by Clause 49 of the Listing Agreement, a
Certificate duly signed by Shri P. Uma Shankar, Chairman
and Managing Director and Shri H.D. Khunteta, Director
(Finance) was placed before the Board of Directors in its
Meeting held on 19th 11.
May 2010 while consideration of the
Audited Annual Accounts of the Company for the period
ended 31.03.2010.
General Shareholder Information
(i) Annual General Meeting for 2009-10
Date Time Venue
8th September, 11.00 A.M. Air Force Auditorium,
2010 Subroto Park, Dhaula
Kuan,
New Delhi- 110010
41st ANNUAL REPORT 2009-10
(ii) Financial Calendar for Year 2010-11:
Particulars Date
Accounting Period April, 1, 2010 to March, 31, 2011
Unaudited Financial Announcement within 45 days
Results for the first from the end of the each quarter
three Quarters
Fourth Quarter Results Announcement of Audited Annual
Accounts within 60 days from the
end of financial year
AGM (next year) September 2011 (Tentative)
(iii) Payment of Dividend
A. Dividend for the financial year 2009-10
(1) Interim Dividend Details:
In pursuance of Article 104 of the Articles of Association of
the Company read with Section 205 of the Companies
Act,1956 and Companies (Transfer of Profits to Reserves),
the Company paid an Interim Dividend of Rs.3 per Equity
Share (on the face value of Rs. 10/- each) in the month of
January 2010 for the financial year 2009-10.
(2) Final Dividend Details:
The Board of Directors in its meeting held on 19.05.2010
has recommended a final dividend of Rs.3.50 per Share
(on the face value of Rs.10/-each) for the year 2009-10
for approval of the shareholders in the ensuing Annual
General Meeting to be held on 08.09.2010.The total
dividend (including interim dividend) for the financial year
2009-10 will be Rs.6.50/- per share (on the face value of
Rs.10/- each)
B. Dividend History for the last five years
Year Total Paid Total Rate of Date of
–up Capital Amount Dividend Payment
(Rs. in crore) of Dividend
Paid (Rs. in
crore)
(%) (Interim & Final)
2004-05 780.60 234.50 30.04% 24th February, 2005
(Interim) & 29th September, 2005 (Final)
2005-06 780.60 191.26 24.50% 2nd March, 2006
(Interim) & 25th September, 2006 (Final)
2006-07 780.60 177 22.67% 5th October, 2007 (Final)
2007-08 858.66 257.60 30% 1 st October, 2008 (Final)
2008-09 858.66 386.40 45% 5th March, 2009
(Interim) & 25th September, 2009 (Final)
(iv) Date of Book Closure
The Register of Members and Share Transfer Books of the
Company will remain closed from 26th August 2010 to 8th September 2010 (both days inclusive).
(v) Record Date for Payment of Final Dividend
The Record date for the Payment of Final Dividend for the
Financial Year 2009-10 is 25 th August 2010.