Shivam Cements Limited (SHIVM) has announced its 8th Annual General Meeting (AGM) scheduled for the 27th of Poush, 2080. The meeting is set to take place at Rastriya Sabha Griha, Pradarshani Marg, Kathmandu, starting at 9:00 a.m. Among the various items on the agenda, the AGM will approve a 15% dividend for the fiscal year 2079/80.
The proposal for the 15% dividend was put forward during the 123rd meeting of the board of directors held on Poush 03. In addition to the cash dividend, the company has proposed a distribution of 14.25% bonus shares, amounting to Rs. 62.70 Crores, and a 0.75% cash dividend for tax purposes, valued at Rs. 3.30 Crores. Shivam Cements Limited currently has a paid-up capital of Rs. 4.40 Arba.
Shareholders who maintain their holdings until the book closure date on Poush 19 will be eligible to receive the dividend payout and are also invited to attend the AGM.