Nepal Lube Oil Announces 20% Bonus Shares and AGM Details!
Exciting news for Nepal Lube Oil shareholders! The company has announced a 20% bonus share distribution from its profits for the last fiscal year. This is welcome news for investors seeking investment opportunities and those following Nepalese stock market trends.
To approve this enticing dividend proposal, Nepal Lube Oil is holding its 34th Annual General Meeting (AGM) on October 17th, at The Plaza, Pulchowk, Lalitpur, starting at 11:30 AM.
But that’s not all! Alongside the bonus shares, the AGM will also consider other key proposals. These include a 1.05264% cash dividend for tax purposes. Furthermore, the meeting will address the issuance of 200% right shares, outlining how the raised capital will be utilized. They will also look at amendments to the company’s articles of association and regulations, as well as appoint directors representing the general shareholders. This is a great opportunity to learn more about stock market updates and company performance in Nepal.
For shareholders to be eligible to participate in the AGM and receive the dividend, the company has set the book close date from September 27th to October 17th. This is crucial information for anyone holding Nepal Lube Oil shares looking to get the dividend benefits. Shareholders who have completed trading on NEPSE (Nepal Stock Exchange) by September 24th will be eligible to attend the meeting and receive the proposed dividends. Be sure to keep this important date in mind if you are a shareholder looking to take advantage of this dividend payout. Stay informed about the stock market and financial news with this important update from Nepal Lube Oil.
