Do This to Claim Your Cash Dividend From MEGA and HDL

Mega Bank Nepal Limited is distributing a 3.05% cash dividend directly to bank accounts.

The latest AGM of the company had endorsed the board’s proposal to provide 10% bonus shares worth Rs 1.33 Arba and 3.05% cash dividend worth Rs 40.63 crore to its shareholders from the profit it had made in the previous fiscal year. The same cash dividend will now be distributed in bank accounts of investors.

Notice 

Similarly, Himalayan Distillery Limited has distributed 50% cash dividend directly to the bank accounts of its investors. The recent AGM of the company had endorsed the proposal to distribute 50% bonus shares and 50% cash dividend from the paid-up capital. Thus, Rs. 50 cash dividend (including the amount for tax purposes) was distributed for each share. The same cash dividend is now distributed in the bank accounts.

Notice 

For both the companies, investors who have a Demat account but have not received the cash dividend should authorize their bank details on their Demat account to get the dividend.

Meanwhile, investors who still hold physical shares of the company should dematerialize their shares as early as possible to claim their dividend. Furthermore, if eligible investors had taken a loan against the shares of the companies before the book closure date, they should present a No Objection Letter from their lending institution in order to receive the dividend.