Reliance Spinning Mills Proposes 30% Cash Dividend for FY 2082/83
Reliance Spinning Mills has proposed a 30% cash dividend, including applicable taxes for FY 2082/83 and scheduled its 32nd AGM for Ashwin 22, 2083.
Reliance Spinning Mills Limited (RSML) has proposed a 30% cash dividend for the fiscal year 2082/83.
The proposal was approved at the company’s 422nd Board of Directors meeting held on Bhadra 29. Based on the company’s paid-up capital of Rs. 1.90 arba, the proposed dividend, including applicable taxes, amounts to Rs. 57 crore.
The dividend will be distributed only after approval from the company’s upcoming Annual General Meeting (AGM).
RSML has scheduled its 32nd AGM for Ashwin 22, 2083, at 9:00 AM at Anupam Foodland and Banquet, Battisputali, Kathmandu.
The company has fixed Ashwin 13 as the book closure date. Shareholders holding RSML shares before the book closure date will be eligible to participate in the AGM and receive the proposed dividend, subject to AGM approval.
As of the report, Reliance Spinning Mills’ last traded price (LTP) stood at Rs. 2,936.