Nepal Lube Oil Limited (NLO) has proposed a 30% dividend for the fiscal year 2079/80 and has scheduled the 32nd Annual General Meeting (AGM) on Poush 25, 2080. The decision to propose a 30% dividend, comprising 25% bonus shares and 5% cash dividends, was made during the 371st meeting of the board of directors held on Poush 01. The company’s current paid-up capital stands at Rs. 4.86 Crores.
Additionally, the AGM will address the endorsement of the auditor’s report, including profit and loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. There will also be a crucial agenda item to appoint an auditor for the fiscal year 2080/81.
Investors are notified that the book closure date is set from Poush 10 to Poush 24. Consequently, shareholders who maintain their shares before this date will be eligible for the dividend payout and can also participate in the upcoming AGM. As of the last trading day, NLO closed at Rs. 282.40.