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NEW DELHI - GAIL (India) (NSE:GAIL) Limited has announced that its board of directors will convene on January 30, 2025, to examine the company's un-audited financial results for the quarter and nine months ending December 31, 2024. The board will also consider the declaration of an interim dividend for the fiscal year 2024-25.
Should the board approve the interim dividend, the company has set February 7, 2025, as the "Record Date" for determining the eligibility of shareholders to receive the dividend.
In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the company has informed that the trading window for dealing in the company’s securities has been closed since January 1, 2025, and will remain closed until February 1, 2025. This applies to designated persons and their immediate relatives, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.
The closure of the trading window is a standard practice to prevent insider trading and to ensure fairness in the dissemination of financial information to the public.
Investors and stakeholders are closely monitoring the upcoming financial results and the potential interim dividend, as these could influence the company's stock performance on the market. The results and dividend declaration are awaited with interest, as they provide insights into the company's operational performance and financial health.
The information regarding the board meeting and the subsequent trading window closure is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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