Shivam Cements Limited (SHIVM) has announced its 8th Annual General Meeting (AGM), scheduled for the 27th of Poush, 2080 (equivalent to January 11, 2024). The meeting is set to take place at Rastriya Sabha Griha, Pradarshani Marg, Kathmandu, beginning at 9:00 am.
One of the key agendas for the AGM is the endorsement of a 15% dividend for the fiscal year 2079/80. The proposal, originating from the 123rd board meeting held on Poush 03, includes a distribution of 14.25% bonus shares amounting to Rs. 62.70 Crores and a 0.75% cash dividend (for tax purposes) totaling Rs. 3.30 Crores. The company’s current paid-up capital stands at Rs. 4.40 Arba.
Additionally, the AGM will address matters such as endorsing the auditor’s report, profit and loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 is also on the agenda.
The book closure date is set for Poush 19, and shareholders maintained before that date are eligible for the dividend payout and can attend the AGM.
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