Financial Technologies India Ltd (FTIL), has been consistently giving out dividends to shareholders for close to a decade. FTIL will pay its Stockholders an interim dividend of Rs.5/share as per provisions of Companies Act 2013. FTIL owns 99.99% stake in the National Spot Exchange Ltd. (NSEL).
This is the 38th dividend announced by FTIL. Independent Board of FTIL has approved dividends. FTIL has followed transparency & corporate governance practice, where shareholders can make informed decision. Postal ballot or e-voting facility has been given to shareholders to vote on FTIL Board resolutions. Qualified, experienced management of FTIL has proven track record & resolutions on remuneration, voted only by shareholders.
As per media reports, Financial Technologies India Ltd (FTIL) reported a loss of Rs.34.15 crore for the quarter ended 30 June. The company had posted a profit of Rs.128.25 crore in the year earlier because of a one-time gain of Rs.129 crore due to sale of assets.
63,000 shareholders will benefit through these dividends. Resolutions are in compliance with statutes of Companies Act 2013.