Salt Trading 48th AGM today; Endorsing 10% cash dividend and 10% bonus shares

ShareSansar, March 27:

Salt trading Corporation Limited (STC) is going to conduct its 48th Annual General Meeting on Chaitra 13, today. The AGM is set to endorse 10 percent cash dividend and 10 percent bonus shares for its shareholders from the net profit it earned in last fiscal year 2070/71.

The AGM will be held at Tribhuvan Army Officers’ Club, Tundikhel, Kathmandu, at 11 am. The other agendas of the meeting are financial highlight 2070/71, appointment of an auditor and the election of BOD members.

Salt Trading Corporation is not just the largest distributor of iodized salt in Nepal but also has a huge market share in sugar, too. The state-run enterprise has also started bottling and selling liquefied petroleum gas since the past few years.

Notably, Salt Trading Corporation has been distributing one of the highest dividends among all the companies listed in Nepal Stock Exchange.