Ghorahi Cement Announces 10.53% Dividend; Calls 5th AGM on Poush 14

Ghorahi Cement Industry Limited has announced a 10.53% dividend for its shareholders. The decision was made during the Board of Directors meeting held on Mangsir 12, where the company approved 10% bonus shares and 0.52% cash for tax purposes.

To endorse this dividend proposal, the company has called its 5th Annual General Meeting (AGM) on Poush 14 (Monday) at Hotel Pauwa, located in Ghorahi Sub-Metropolitan City–15, Dang. The meeting will begin at 9:00 AM.

Key Agendas of the AGM

• Approval of the proposed dividend distribution

• Amendment of the Memorandum and Articles of Association, authorizing the Board for necessary changes

• Approval of loans taken from various banks and financial institutions exceeding the combined amount of paid-up capital and retained earnings

• Election of directors representing the promoter shareholders

• Appointment of auditors for the upcoming fiscal year

Book Closure on Mangsir 26

For the purpose of the AGM and dividend distribution, the company will conduct a book closure on Mangsir 26.
Accordingly, shareholders who have maintained their names in the NEPSE register until Mangsir 25 will be eligible to attend the AGM and receive the proposed dividend.

The announcement is expected to create a positive sentiment among shareholders, particularly as the bonus shares are likely to strengthen the company’s capital base and long-term financial position.