Reliance Spinning Mills Announces 30% Cash Dividend
Summary
Reliance Spinning Mills Limited has announced a 30 percent cash dividend in its first year of listing on the Nepal Stock Exchange, pending approval from its general assembly on October 8. The company, which employs about 4,000 workers and exports yarn and other products to India and Turkey, also approved its financial statement for fiscal year 2082-83.
Key Points
- Reliance Spinning Mills Limited has proposed a 30 percent cash dividend, including tax, in its first year of listing on NEPSE.
- The dividend payout of 570 million rupees will be distributed after approval at the general assembly on October 8.
- The company approved its financial statement for fiscal year 2082-83 and set October 1 as the book-close date.
- Reliance Spinning Mills operates two yarn factories in Sunsari and exports products to India and Turkey.
