Salt Trading Corporation (STC) Calls AGM; When's the Book Closure for 25% Dividend?

Salt Trading Corporation Limited (STC) has called its 54th AGM on Kartik 16, 2078. The meeting will be streamed virtually starting at 11 am that day.

Among other agendas, the AGM will endorse the 25% dividend for the fiscal year 2076/77. The BOD meeting held on Chaitra 23, 2077 proposed 20% bonus shares and a 5% cash dividend (including tax amount) from the profits of FY 76/77. Thus, the bonus shares are worth slightly over Rs. 3.84 crores and the cash dividend is worth over Rs. 96.01 lakhs.

The paid-up capital of the company will increase to Rs 23.016 crores after the adjustment of 20% bonus shares. The LTP of the company stands at Rs 13,102 per share.

Kartik 02 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend the AGM.