Shivam Cements Limited (SHIVM) Deposits 29% Cash Dividend, Urges Shareholders to Dematerialize Shares

Shivam Cements Limited (SHIVM) has distributed 29% cash dividend directly to the bank accounts of its shareholders.

Shivam Cement convened its 6th AGM for the FY 2077-78 under the leadership of its chairman Mr. Surendra Kumar Goyal on Kartik 16, 2078. Apart from the regular financial reports, the AGM endorsed the board’s proposal to provide a 29 % cash dividend worth Rs 1.27 Arba to its shareholders from the profit it had made in the fiscal year 2077/78.

The same dividend has been deposited into the bank accounts of shareholders, starting from Kartik 23. The company has urged shareholders to dematerialize their shares if they haven't done so.

As of writing, SHIVM has an LTP of Rs. 1,320.

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