Reliance Spinning Mills Limited has called its 32nd Annual General Meeting to approve a 30 percent cash dividend.
Reliance Spinning Mills Limited is going to hold its 32nd Annual General Meeting (AGM) on Ashoj 22. The 422nd board of directors meeting of company held on Bhadra 29 decided to host the meeting. The program will start from 9:00 AM at Anupam Foodland and Banquet, which is located in Battisputali, Kathmandu.
Dividend and Financial Reports Discussion
In the meeting, the company will discuss about the financial reports of the fiscal year 2082/83. They will also talk about the dividend proposed from the profit of fiscal year 2082/83. The company has proposed to distributing 30 percent cash dividend. This dividend is calculated on its current paid-up capital of Rs. 1 arba 90 crore, which makes the total dividend amount Rs. 57 crore. This cash dividend includes the tax amount as well.
However, shareholders will receive this proposed dividend only after it gets approval from the regulatory authority and is finally passed by the upcoming AGM of the company.
Book Closure Details
For the purpose of this AGM, the company is closing its shareholder registration book for one day on Ashoj 14. This means the book closure date is Ashoj 14. Only those shareholders who traded on Nepal Stock Exchange and registered the shares under their name by Ashoj 13 are eligible for attend the AGM and participate in the election.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
