Our systems and oversight mechanisms robust: Mistry The CEO of a major financial institution reiterated that the organization’s systems and oversight mechanisms are robust, emphasizing the commitment to maintaining trust with stakeholders. Speaking during a recent address, Mistry highlighted that the management is actively engaging with major shareholders to address any lingering concerns. He assured that confidence in the institution would return over time, as the Reserve Bank of India (RBI) had clarified that there was “nothing serious and wrong in any manner whatsoever” regarding the bank’s operations. Mistry’s remarks came amid ongoing discussions about the institution’s transparency and accountability, particularly in light of recent market fluctuations and regulatory scrutiny. The CEO emphasized that the management’s focus remains on restoring stakeholder confidence through proactive communication and operational clarity. He also noted that the RBI’s reassurance played a critical role in alleviating doubts, as the central bank had explicitly stated that no material issues were present within the institution. The statement was part of a broader effort to stabilize investor sentiment, which had been affected by market volatility and speculation about the institution’s financial health. Mistry acknowledged that while challenges remain, the organization’s robust frameworks and adherence to regulatory standards would ensure continued stability. He also mentioned that the management was prepared to address any remaining concerns through direct engagement with shareholders and stakeholders. The RBI’s clarification was a key point in Mistry’s address, as it provided a clear endorsement of the institution’s compliance with regulatory requirements.#shareholders #reserve_bank_of_india #mistry #financial_institution #stakeholders
Indian Oil Corporation Declares Second Interim Dividend of ₹2.00 Per Share for FY26 Indian Oil Corporation's board has approved a second interim dividend of ₹2.00 per share for the financial year 2025-26. The dividend, equivalent to 20% of the face value of ₹10 per equity share, was declared during a board meeting held on March 6, 2026. The payment is scheduled to be made by April 5, 2026. The board meeting, which took place from 1:00 PM to 1:30 PM on March 6, 2026, approved the dividend in compliance with Regulation 30 of SEBI (LODR). This follows an earlier communication dated February 26, 2026, which outlined the board meeting's purpose for considering the dividend declaration. The record date for determining shareholder eligibility has been set as Thursday, March 12, 2026, in accordance with Regulation 42 of SEBI (LODR). Shareholders will be eligible to receive the dividend payment by April 5, 2026. Tax Deducted at Source (TDS) guidelines for the dividend have been specified. The company has outlined the procedures for deducting TDS from the dividend amount, ensuring compliance with tax regulations. The dividend declaration reflects the company's financial performance and commitment to rewarding shareholders. The payment is expected to be distributed to eligible shareholders in line with the established schedule. Indian Oil Corporation has also provided details on the corporate actions related to the dividend, including the timeline for payment and the procedures for TDS compliance. These measures ensure transparency and adherence to regulatory requirements. The second interim dividend is part of the company's ongoing efforts to maintain shareholder value and support its financial strategy.#indian_oil_corporation #sebi_lodr #board_meeting #shareholders #dividend_declaration
