Tomahawk, WI 06/25/2014 (Basicsmedia) – Sify Technologies Limited (ADR) (NASDAQ:SIFY) one of the leading company of India providing its services in the sector of Managed Enterprise, Network, IT and Software is going to have its Annual General Meeting on July 28, 2014. It is an important annual general meeting for the shareholders. The reason is it will be the final deciding day of the first ever dividend payout by the company. And as the world knows, all the investors prefer dividend paying companies.
The first time dividend payout
Going back, on June 10, Sify Technologies Limited (ADR) (NASDAQ:SIFY) announced that it will pay its first ever dividend payout to the equity holders as well as American Depository Shareholder of the company. Investors are already happy with the news that will be finalized in the next month. As per the India GAAP and according to the adoption of the financial statements for the financial year 2013-2104, the Boards of Directors have suggested the dividend payout of 10% on the paid up capital. It will be for both equity holders as well as ADR holders. The dividend payout of 10% in the first time is an encouraging sign of the company’s performance. However, it is subject to shareholders’ approval at the AGM.
All the equity holders and ADR holders of Sify Technologies Limited (ADR) (NASDAQ:SIFY) whose name appears in depositories registers as of June 20, 2014 will get the dividend. The payout will be done on July 30, 2014. The company has declared its unaudited results in the month of April.
Shutting of e-mail services
At one place where the company has declared a dividend, on the other hand, it has announced about shutting down its email service. The email services provided on its official website www.sify.com will be closed from June 30, 2014. The news was given through a message posted on its website.