Unilever Nepal Limited (UNL) has initiated the distribution of a 1580% cash dividend directly to the bank accounts of its shareholders starting from Poush, 2080. The company strongly encourages its shareholders to undergo the dematerialization process for their shares.
The 30th Annual General Meeting (AGM) of Unilever Nepal for the fiscal year 2079/80 included the endorsement of the board’s proposal to provide a substantial 1580% cash dividend to its shareholders. In line with this decision, the same cash dividend is currently being distributed directly to the bank accounts of eligible shareholders.
For shareholders who have yet to authenticate their bank accounts in their Demat accounts and those who haven’t completed the dematerialization of their shares, the cash dividend distribution will proceed only after they fulfill the necessary procedures. Additionally, investors who have obtained margin loans against Unilever Nepal shares are required to furnish a No Objection Letter or a Release Letter for the process.