Kathmandu. Shivam Cement has called its 10th Annual General Meeting (AGM).
The meeting of the Board of Directors of the company has decided to hold the AGM on December 9. The rally will begin at 10:30 am at the National Assembly Hall, Exhibition Road, Kathmandu.
The meeting held the last fiscal year 2081. The proposed dividend for 82 will be approved. The board of directors has proposed to distribute 12.5 percent dividend to its shareholders for the current paid-up capital of Rs 5.45 billion. This includes 2.5 percent bonus shares and 10 percent cash dividend.
The AGM will endorse a special proposal to amend the Memorandum of Association and Articles of Association accordingly as the issued and paid-up capital of the company will increase after the distribution of bonus shares. The meeting shall approve the appointment and nomination of the vacant directors.
The meeting will approve the annual report and the auditor’s report of the previous fiscal year. The meeting will endorse the proposal regarding the appointment of the auditor and determination of his/her salary for the current fiscal year.
The company has decided to close the book on November 26 for the purpose of dividend and AGM. This means that only shareholders who have been held before November 24 will be eligible to receive the dividend and attend the meeting.
