Sarbottam Cement Proposes 15% Cash Dividend for FY 2079/80; AGM To Be Convened on Baisakh 12
Tue, Apr 2, 2024 5:31 PM on Dividend, Bonus & Rights, AGM/Special AGM, Book Closure, Latest,
Sarbottam Cement Limited (SARBTM) proposes a 15% cash dividend for FY 2079/80 and has called the 5th AGM on Baisakh 12, 2081. This is the company's first dividend after being listed in NEPSE.
The meeting of the board of directors has proposed a 15% dividend for the fiscal year 2079/80. A 15% cash dividend worth Rs. 69.75 Crores (including tax) has been proposed. The company's existing paid-up capital is Rs. 4.65 Arba.
Furthermore, there is an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports and appoint an auditor for the fiscal year 2080/81. There's also an agenda to elect 5 directors from the promoter shareholding group, one from the public shareholding group, and an independent director.
The book closure date is on Chaitra 30. Thus, investors maintained before that date are entitled to the dividend payout and can also attend the AGM.
SARBTM closed at Rs. 925 today.
