Salt Trading Corporation (STC) announces AGM; Book closure on Mangsir 15 for 35% dividend

Salt Trading Corporation Limited (STC) has declared its upcoming AGM on Mangsir 30.

The 984th meeting of the board of directors held on Mangsir 08 has decided to host the AGM virtually via Zoom.

Among other proposals, the AGM will endorse the 35% dividend for the fiscal year 2075/76. The company had previously proposed a 25% bonus share and 10% cash dividend for the fiscal year. Thus, the AGM will endorse Rs. 3,83,93,950 worth of bonus shares and Rs. 1,53,57,580 worth of cash dividend.

The book closure for the AGM is announced on Mangsir 15. Thus, investors maintained before Mangsir 15 are entitled to the dividend payout and can also attend the AGM. Books will be closed from Mangsir 15 to Mangsir 30.

As of writing, STC has an LTP of Rs. 6,900.