Kathmandu. Reliance Spinning Mills Company has declared a dividend for shareholders.

The meeting of the Board of Directors of the company held at 5:00 pm on September 12 has declared 30 percent cash dividend including tax.

The company has decided to provide 30 percent cash dividend on its current paid-up capital of Rs 1.90 billion.

The company has set aside Rs 57 crore to pay dividend along with tax to the shareholders. This dividend will be received by the shareholders after the next annual general meeting passes.

The company has called its annual general meeting for October 22. The book will be closed for a day on September 14 for the purpose of the meeting. The shareholders who remain in power till September 27 will get the fixed dividend.