Reliance Spinning Mills Limited has proposed a 30 percent cash dividend for its shareholders from the profit of fiscal year 2082/83.
Reliance Spinning Mills Limited is preparing to distribute 30 percent cash dividend from the profits of fiscal year 2082/83. The 422nd board of directors meeting of the company, which took place on Bhadra 29 at 5:00 PM, approved the financial statements of the fiscal year and proposed the dividend amount.
At present, the total paid-up capital of company is Rs 1 Arba 90 Crore. The company announced to distributing 30 percent of this paid-up capital, which is equal to Rs 57 Crore, as cash dividend. This proposed dividend amount also includes the tax details.
Approval Requirements
The proposed dividend will not be distributed immediately. Shareholders will get the cash dividend only after the regulatory authority approves it and the upcoming Annual General Meeting of the company officially passes the proposal.
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