Ghorahi Cement’s Dividend Entitlement Closes Today; AGM Set for Poush 14

Ghorahi, Mangsir 26. Today marks the final day for investors to be eligible for the dividend proposed by Ghorahi Cement Industry Limited (GCIL). The company has also formally called its 5th Annual General Meeting (AGM) for 14th Poush, 2082.

The AGM will convene at Hotel Pauwa in Ghorahi-15, Dang, commencing at 9:00 AM. A key agenda for the meeting is to seek shareholder approval for the proposed dividend distribution and a subsequent right share issue.

Dividend and Corporate Action Proposal:
The board has proposed distributing a 10% bonus share and a 0.5263% cash dividend for the fiscal year. This payout, however, is contingent upon endorsement by the shareholders at the upcoming AGM.

Furthermore, the company has put forward a significant capital increment plan. Following the bonus share distribution, GCIL proposes to issue right shares in the ratio of 1:0.75. This is equivalent to issuing 75 new shares for every 100 existing shares held, significantly expanding its paid-up capital.

Eligibility and Book Closure:
The book closure date began today, Mangsir 26. Therefore, shareholders who are registered in the company's records by the end of today's trading session will be entitled to receive the proposed dividend and are also eligible to attend and vote at the AGM.

The combined agenda of dividend distribution and a large right share issue indicates the company's focus on rewarding existing shareholders while simultaneously planning for substantial capital expansion to fund future growth.

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