Shivam Cement Announces Dividend; When is the Book Close?

Shivam Cement Limited (SHIVM) has announced a dividend distribution for shareholders from the profits of the last fiscal year.

The company has decided to distribute bonus shares at a rate of 8.55% on its current paid-up capital and a cash dividend of 0.45% for tax purposes.

The proposal was passed at the board meeting held on Mangsir 27. This decision will be implemented only after approval from the annual general meeting.

Similarly, the company has also decided to hold its annual general meeting on Poush 29, Monday, at 9 AM at the National Assembly Hall, Bhrikuti Mandap, Kathmandu.

For the purpose of the general meeting and dividend distribution, the company has announced a book close on Poush 17 for one day. Accordingly, shareholders who hold shares until trading on Poush 16 on NEPSE will be eligible to participate in the general meeting and receive the declared dividend.